An estate manager is a professional who is trusted with the responsibility of caring for their employer's estate in a way that works with their specific needs and desires. In essence, estate managers operate the estate as if they were the owner, taking great pride and care in its maintenance. An estate can encompass a large household with extensive surrounding lands and may even include multiple properties within its premises.
The function of estate management comes with many varying responsibilities, such as property maintenance, supervision of estate staff, catering to household requirements, home management, and other associated tasks. This requires the estate manager to be resourceful and knowledgeable, with extensive experience in home management and household operations.
An estate manager may also be referred to as a "director of estates" or "director of properties." Their role is vital in ensuring the smooth functioning and efficient management of the estate while keeping in mind the owner's preferences and expectations.
My Family Lounge recognizes that choosing the right estate management services to serve as an extension of yourself can be a daunting task. Allow us to help you assess some of the critical roles, responsibilities, and qualities of estate managers and help you make the best decision.
Key Responsibilities of an Estate Manager?
The key responsibilities of estate managers may vary depending on the type of estate they manage. For instance, an estate manager overseeing a property with a private golf course might have to manage the course's daily operations, including scheduling tee times, hiring and training staff, and ensuring the maintenance of the course. On the other hand, an estate manager for a luxury vacation home, ranch, or vineyard may have different responsibilities
Here’s an overview of the duties of an estate manager:
1. Managing repairs, renovations, landscaping, general upkeep, home management, and safety of the property
2. Hiring, training, and supervising housekeepers, gardeners, chefs, and other household staff.
3. Managing the household budget, paying bills, and overseeing financial transactions They may also work closely with accountants, attorneys, and financial advisors to manage investments and estate planning.
4. Organizing and managing events such as retreats, fundraisers, and other social gatherings. This may involve coordinating with vendors, creating guest lists, and managing event logistics.
5. Overseeing construction and renovation projects on the property while managing contractors, obtaining necessary permits, and ensuring that projects are completed on time and within budget
6. Ensuring property complies with local laws and regulations
7. Understanding estate owners' requirements and plans and efficiently implementing them
Things to Consider When Hiring an Estate Manager
A competent estate manager should come with relevant experience in managing properties of a similar size and type to yours and a proven track record of successfully supervising and running day-to-day estate operations. They should possess strong organizational and problem-solving skills with the ability to take on unexpected issues and prioritize tasks effectively. A background or relevant experience in estate management, finance, construction, and agriculture with sound leadership, project management, interpersonal, communication, and time management skills would be ideal.
An estate manager should represent your values and vision for the property. We can help you hire someone who will be able to work with you, your team, tenants, and other stakeholders to achieve your goals and ensure the long-term success of the estate.
My Family Lounge is committed to helping you find the perfect estate manager to undertake home management or manage your estate. We take the time to understand your needs and find the right match for you, so you can focus on what matters most. We will be happy to help you with more information about our estate management services and memberships if you let us know in the comment section below.