What Is Property Management?

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Generally speaking, we are trying to educate our clients on our website. On one hand, we are working with many buyers and investors. On the other hand, we are working with many property owners and sellers. In this post, we would like to talk about What Is Property Management? Property management is the daily oversight of residential, commercial, or industrial real estate by a third-party contractor.

Generally, property managers take responsibility for day-to-day repairs and ongoing maintenance, security, and upkeep of properties. They usually work for the owners of investment properties such as apartment and condominium complexes, private home communities, shopping centers, and industrial parks. Owners pay property managers a fee or a percentage of the rent generated by the property.

The responsibilities of a property manager generally involve the following:

  • Screening potential tenants
  • Drafting, signing, and renewing leases on behalf of property owners
  • Collecting rent
  • Maintaining properties including landscaping and snow removal
  • Arranging for necessary repairs to properties
  • Setting up and adhering to budgets for property maintenance

Landlords hire property management firms for a variety of reasons. Some may have multiple rental properties in their portfolios and lack the time or expertise to maintain the properties and deal with individual tenants. Some owners only have an interest in owning rental properties and earning profits from them. When this is the case, they hire professional property managers.

This post is a simple definition of What Is Property Management? We are a team of experienced agents. If you need help to sell your property please reply!

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1 thought on “What Is Property Management?”

  1. Good post and right to the point. I am not sure if this is actually the best place to ask but do you people have any ideea where to employ some professional writers? Thanks 🙂

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