What comes to mind when you hear the phrase “estate manager?”
This may be a challenging question, as many people are unaware of everything an estate manager is trained to do. Or, you might be confusing the role of estate manager with that of household manager.
Not to worry! We’re here to help you better understand the role of an estate manager so you can determine if hiring one is best for your family.
Here are five things many people don’t realize an estate manager can do.
One great thing about hiring an estate manager is that it is a flexible position, meaning you can ask your estate manager to perform specific tasks that fall outside of what we are listing here.
Of course, it is always a good idea to communicate clearly with your estate manager so you can best identify what they can help you with.
1. Managing the Estate Budget
Maintaining an estate takes a lot of money that gets paid out to different people and accounts. So, it’s critical that you have someone on your team you can trust to manage the estate budget and ensure your payments are in line with your expectations.
Estate managers are trained to manage the estate budget, ensuring that every estate project, event, and upgrade is properly accounted for. This can save you time and money, especially if your current system is not very organized.
2. Manage and Train Household Staff
Household staff members are exceptional assets to your estate, but training them properly can take a lot of work and time. Fortunately, an estate manager is skilled at hiring, managing, and training household staff.
An estate manager can help you hire the right people at the right time and get them trained quickly so they can positively impact your estate as soon as possible.
3. Manage Renovations and Projects
Every project and renovation on an estate requires a team of people, such as contractors. That can be a lot to manage, especially when you also have household staff and are focused on your own business.
An estate manager is a perfect person to manage all of your estate renovations and other projects. They can help you hire the right people and keep every project running smoothly so projects are completed on time and within budget.
4. Plan Events
Many households hire an event planner for every party, charity event, or gathering they host. One challenge with going this route is that you must re-explain everything about your property, guests, and expectations each time you hire a new event planner.
An estate manager can take over event planning, ensuring that every event you host is planned according to your expectations and budget. They may work with an event planner, but they will be the point of contact, saving you an enormous amount of time.
5. Perform Administrative Tasks for the Estate’s Business
Estates often operate as businesses, meaning they have many administrative tasks that need to be carried out. An estate manager can manage many tasks, including improving profitability, helping with marketing and outreach, and hiring others.
Because they are an integral part of the business, estate managers tend to work directly with the estate owners and stakeholders.
Estate managers can be valuable assets to families. At Ease Family Solutions can help you find the right estate manager for your California estate to help with everything from managing your household staff to planning events, budgeting, and more.