What Is An Estate Manager?
Have you ever wondered what an estate manager is?
Maybe you have heard the term before, and were curious about the profession. Perhaps you are looking for assistance in the day to day running of your property and want to know if an estate manager is right for you. In this guide, we give you a behind the scenes look at the day to day duties of what an estate manager does.
What Is An Estate Manager?
An estate manager is the person responsible for the day to day upkeep and duties of managing a large private estate or multiple property portfolio on behalf of the Owner or “Principal”.
These duties often include staff management, project management, and financial management of the home, and making sure the owner’s wishes are successfully executed at all times.
What are the duties of an Estate Manager?
Staff Management
When it comes to staff management, an estate manager is responsible for the hiring, training, and overseeing of domestic employees such as Housekeepers, Gardeners, Chauffeurs, Security, Private Chef, Personal Assistants and other service providers..
Project Management
Another important aspect of estate managers duties include project management. When homeowners are undergoing renovations, or upgrades to their property, an estate manager removes the burden for their clients by effectively managing the schedules of service vendors, coordinating with teams, and working around their clients schedules, to minimize disruptions and make the experience as smooth as possible.
Financial Management
Finally, an estate manager also works to oversee the financial aspects related to the management of the estate. Much like the CEO of a business, the estate manager helps their client to by making strategic suggestions, gathering and negotiating contracts, creating budgets, and managing investments such as vineyards, vacation home rentals, or real estate opportunities.
What Kind Of Estate Management Service Is Right For You?
If you are trying to decide if an estate management service would be right for you and your property, here are a few things to keep in mind.
For homeowners who live full time on the estate, you may prefer a full time live in estate manager who resides on your property. Having your representative there constantly is best for clients who wish someone to oversee every aspect of your daily life on the estate, on your behalf.
If you are a property owner who lives on their estate a few months out of the year, an Estate Management Service such as B | PANACHE may be a better fit for your needs.
We specialize in managing luxury estates that are used as a secondary residence, a vacation rental, or an investment property. We offer these services at a fraction of the cost of a traditional full time estate manager, while providing the high touch services required to enjoy your property exactly as you would like it.
To learn more about B | PANACHE, be sure to check out the variety of Estate Management Services available for clients who own properties in Los Angeles.