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Property management is the daily oversight of residential, commercial, or industrial real estate by a third-party contractor. Generally, as a property manager I take responsibility for day-to-day repairs and ongoing maintenance, security, and upkeep of properties.
The responsibilities generally involve the following:
Just as property comes in many types, so do property managers. Some firms are specialized in providing management for a particular type of property, while others offer management services over a range of property types. A huge range of property types can be managed.
Residential property managers are typically hired for rental properties, and they manage the rental process. They can be hired to manage:
Commercial property owners have different needs from those who own residential property. Commercial property management can apply to:
Industrial properties that can benefit from management include:
There are also numerous types of property that don’t fit neatly into the categories above, but that require management nonetheless. These include:
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