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A property manager can be the buffer between the property owner and the renter. The investor who wants to rent out their property, yet does not want to spend the time finding or screening renters, collecting rents or listening to renter complaints, can hire a property manager to do those tasks. more »
A property management career can take a number of different tracks. Most apartment communities utilize a property manager to interview tenants and rent the units, collect rent and oversee maintenance. Commercial property managers, while performing many of the same duties, often interact with businesspeople with varying levels of need.... more »
If you've ever rented a home or an apartment, there's a good chance you've dealt with a property management business or two. Property managers aren't landlords in the traditional sense of owning property; they serve the legal owners instead. What do these businesses do, and what can you expect from them? What does a career in... more »
Property management is a highly skilled and multi-task profession. There is much more to property management than most people realize. There are also as many levels of property managment as there are properties. more »
In an irrevocable family trust, the grantor, or the person giving assets to the trust, relinquishes ownership of the property to the irrevocable trust, which serves as its own entity. As implied by its name, an irrevocable trust may not be terminated or modified by the grantor. With the express written consent of the beneficiary,... more »
If you want to rent an apartment, you will have to sign a lease. Learn all about apartment...
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Building maintenance includes cleaning, organizing, making improvements and fixing problems...
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With property taxes, government agencies, fickle tenants and the unceasing flow of bills, property management is a complicated affair. Property... more »
Property management can be a difficult job or a relatively easy one. Apartments or rental property must be managed by either the owner, an agency... more »
Managing property effectively and profitably is not accidental, nor easy. In fact, many savvy investors look to invest in property that already... more »
The goal of an HOA property manager should be to maintain the current value and improve upon the value of the homes in the HOA area. Not all HOA... more »
There are many tax deductions available to landlords. Unfortunately, many landlords fail to take advantage of them and end up paying more taxes on... more »
Property management is the operation of commercial, industrial and/or residential real estate. This is much akin to the role of management in any business.
Property Management is also the management of personal property, equipment, tooling and physical capital assets that are acquired and used to build, repair and maintain end item deliverables. Property Management involves the processes, systems and manpower required to manage the life cycle of all acquired property as defined above including Acquisition, Control, Accountability, Maintenance, Utilization, and disposition.
Roles
One important role is that of liaison between the landlord and/or the management firm operating on the landlords behalf and tenant. Duties of property management include accepting rent, responding to and addressing maintenance issues, and providing a buffer for those landlords desiring to distance themselves from their tenant constituency.
There are many facets to this profession, including managing the accounts and finances of the real estate properties, and participating in or initiating litigation with tenants, contractors and insurance agencies. Litigation is at times considered a separate function, set aside for trained attorneys. Although a person will be responsible for this in his/her job description, there may be an attorney working under a property manager. Special attention is given to landlord/tenant law and most commonly evictions, non-payment, harassment, reduction of pre-arranged services, and public nuisance are legal subjects that gain the most amount of attention from property managers. Therefore, it is a necessity that a property manager be current with applicable municipal, county and state laws and practices.
Property management, like facility management, is increasingly facilitated by computer aided facility management (CAFM).
Licensing
United States
Most states require property management companies to be licensed real estate read more at » http://en.wikipedia.org/wiki/Property+management
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