Property managers face a number of challenges when filling vacancies, keeping maintenance costs down, responding to clients promptly, and managing staff effectively. A property management company should be able to develop a plan to improve operations while reducing operational costs.

Successful property managers must be able to foresee problems affecting their facilities, be resourceful, delegate tasks effectively, be proactive, and detail-oriented. They must also demonstrate excellent people skills and be able to handle stress. Being persistent can help this individual stay focused on finding tenants to rent or lease their properties; persistence is also useful in chasing late payments from tenants.