Remember those old TV variety shows from the 1950s where someone spins a dozen plates while juggling and riding a unicycle? Sometimes being a property manager can be a bit like that, especially when handling multiple clients and dealing with the myriad tasks that come with handling those multiple clients.
How do property managers work? What kind of support do they get from their management companies and how do they work smoothly and easily with the boards which they serve?
It's a delicate balancing act—like managing all those spinning plates—and it's not for the faint of heart. Everything from personalities to unexpected maintenance emergencies to just a sheer inability to be in a half dozen places at one time can wreak havoc with a property manager's caseload. So how does it work on a good day?
The average portfolio for any given property manager in New Jersey varies by individual and by company. "It basically depends on the type of property—whether it's a condo building or a homeowner's association or how many units there are," says Michael Pogorzhelsky, president of United Property Management in East Brunswick. At his firm, there's usually "one manager per three or four sites" with each maybe having up to 150 units.
Managers at MAMCO Property Management in Mount Laurel usually oversee between six and eight properties, which seems to be close to the general average. "It does vary by company," says Nancy Hastings, MAMCO's vice president and CEO. "We have a total of 14 managers here. More than half are dedicated to particular sites while the others are doing portfolio work."