What should a property manager do if approached by a new property owner?

A property manager should discuss management strategies with a new property owner to establish a solid professional relationship and demonstrate their expertise in managing properties. Engaging in a conversation about management strategies allows the property manager to understand the owner's specific needs, preferences, and goals for their property. This discussion can cover various topics, such as marketing the property, tenant relations, maintenance protocols, and financial management, enabling the property manager to tailor their services to meet the owner's expectations effectively.

By having this conversation, the property manager not only showcases their skills and knowledge but also builds trust and rapport with the new owner, which is crucial for a successful property management partnership. Starting this dialogue indicates a willingness to collaborate and a commitment to the owner’s interests, setting a strong foundation for future interactions.