Property Manager Salary in Memphis, Tennessee

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Average Salary for Property Manager in Memphis, Tennessee

The average salary of a(n) Property Manager in Memphis, Tennessee is $75,584.

The average hourly rate of a(n) Property Manager in Memphis, Tennessee is $36.34.

The average bonus of a(n) Property Manager in Memphis, Tennessee is $3,666.00.

Job Description:

Controls commercial, industrial, or residential real estate properties within organization or for external clients. Discusses terms and conditions for providing management services with client. Composes agreement stipulating extent and scope of management responsibilities, services to be performed, and costs for services. Employs, via hiring or contracting for services, security, maintenance, and groundskeeping personnel and on-site management personnel, if required. Prepares lease or rental agreements for lessees and collects specified rents and impounds. Directs bookkeeping functions, or credits client account for receipts and debits account for disbursements, such as mortgage, taxes, and insurance premium payments, management services costs, and upkeep and maintenance costs. Arranges for alterations to, or maintenance, upkeep, or reconditioning of, property as specified in management services or lessee's agreement. Purchases supplies and equipment for use on leased properties. Directs preparation of financial statements and reports on status of properties, such as occupancy rates and dates of expiration of leases. Directs issuance of check for monies due client. May advise client relative to financing, purchasing, or selling property. May prepare periodic inventory of building contents and forward listing to owner for review. May contact utility companies to arrange for transfer of service for tenants. May assist with eviction of tenants in compliance with court order and directions from lawyer and owner. May require real estate broker's license and be certified in property management. Less

Controls commercial, industrial, or residential real estate properties within organization or for external clients. Discusses terms and conditions for providing management services with client. Composes agreement stipulating extent and scope of management responsibilities, services to be performed, and costs for... More

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