Asset Managers:
- Focus: Overall performance and value of the real estate asset.
- Responsibilities: Strategic planning, financial performance, investment decisions and maximizing property value.
Traditional Property Managers:
- Focus: Day-to-day operations of the property.
- Responsibilities: Tenant relations, rent collection, maintenance, budgeting, and reporting.
Facility Managers:
- Focus: Physical aspects and infrastructure of the property.
- Responsibilities: Building systems maintenance (HVAC, plumbing, electrical), safety, and compliance with regulations.
Leasing Managers:
- Focus: Leasing activities and tenant acquisition.
- Responsibilities: Marketing vacant spaces, negotiating lease agreements and tenant retention strategies.
Specialized Managers:
- Focus: Specific types of properties (e.g., retail, industrial, office, multifamily).
- Responsibilities: Tailored management strategies based on property type requirements and industry standards.