Tip of the Month - April 2005

Role of the Property Manager

Source: Property Management-Seventh Edition
Robert C. Kyle
(Consulting Editors) Marie S. Spodek-DREI
Floyd M. Baird, RPA/SMA


Manufactured home park management requires a combination of the skills of managing apartment communities with those of managing condo and co-ops. A common task is making sure that the tenants clearly understand the rules and regulations of the park community. If the park consists of rented manufactured homes, then the manager collects rents for the units. In other situations, the owner-occupied, the manager collects a rental fee for the site.

The duties of the property manager vary widely depending on the type of park being managed. In some communities, managers will do little more than show space, collect rents, and prepare reports for the owner. Those managing "seniors" parks will no doubt perform these traditional duties in addition to scheduling community events that involve many of the members. In fact, creating and inspiring community feeling is one of the best ways to foster referrals and waiting lists.

In any event, the manager generally is charged with minimally maintaining the value of the park, and often with increasing the value by improving conditions and appearance. Every attractive, well-maintained property will attract sound tenants and sell for a higher price when put on the market, even when compared with a poorly maintained park bringing in the same amount of income.

The manager may be directed to track other sources of income from laundromats, vending machines, convenience stores and the like. Computer software can help greatly.

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This web page was updated on 04/05/05.