Commercial property managers manage the day-to-day responsibilities of a commercial real estate property. They collect rent, monitor late fees and ancillary charges, and report to owners, who cannot be present on a daily basis. They also manage the property’s operational budget to ensure that financial performance tracks close to projections. Rent Collection Commercial property managers are responsible for a variety of tasks, but rent collection is one of the most important. A good manager will set up a streamlined process to collect payments, making it easy for tenants to pay their rent on time. They will also keep track of ancillary fees like security deposits and late charges, as well as maintain the necessary financial records for the property. They will also provide reports to the owner on how the property is performing. In addition to collecting rent, a good commercial property manager will make sure that any outstanding debts are collected quickly and efficiently. This in...