The property manager is a property management specialist who acts as an agent on behalf of owners. He ensures the daily management of properties! whether residential! commercial or professional. He may also be responsible for the management of co-ownership as a trustee.
💡 Not to be confused with the real estate agent ! who mainly deals with the sale and rental of properties. The property manager is a real manager of the properties after their acquisition.
Main missions
The main missions of a property manager are:
Rental management ( rental! payment of rent! management of unpaid rent! monitoring of work);
Co-ownership management ! as a co-ownership trustee (organization of facebook data general meetings! setting up maintenance of common areas! distribution of charges);
Maintenance and enhancement of real estate assets (monitoring of repairs! compliance with standards and regulations);
Administrative and accounting management ( preparation of receipts! reminder techniques! insurance and claims management).
Nature of the activity
The activity of a property manager is mainly focused on the management and optimization of real estate assets. In general! this profession is considered as a service provision activity and not as a commercial activity. Indeed! the administrator acts as an agent on behalf of owners and receives tongliao phone number list fees for his management. This type of mission is classified in the category of liberal professions subject to BNC (Non-commercial profits).
There are! however! some exceptions:
If the property manager employs more than 10 employees ! his activity becomes commercial and falls under BIC (Industrial and Commercial Profits);
If he is only a condominium trustee ! the activity is civil .
Good to know: the property manager can work in a company subject to IS (SARL! SAS! EURL! SASU! etc.) whether it is in BIC or BNC.
Becoming a property manager
The property manager is subject to the Hoguet Law of January 2! 1970 ( here ) google trends: instructions for use which regulates real estate professions. Under this law! the latter must have a professional card “Real Estate Management” ! issued by the Chamber of Commerce and Industry (CCI) of his department. It is generally obtained at the end of the qualifying training. This card is essential to legally exercise the activity of rental management and condominium trustee. To obtain it! several conditions must be met:
Professional aptitude ( you must prove that you have the skills necessary to practice through training! a diploma or professional experience);
Morality (clean criminal record) ;
Financial guarantee ( mandatory subscription to a financial guarantee with a bank or an insurance company to ensure the reimbursement of sums in the event of a problem);
Professional civil liability insurance ( compulsory insurance which protects the property manager against risks linked to his activity).
Obtaining the latter entails specific obligations! including the opening of an escrow account for funds entrusted by clients. The property manager is also required to comply with the Construction and Housing Code! which imposes strict rules on the management of funds held on behalf of third parties.