Property management is the process of overseeing the operations and maintenance of a real estate property. Property management can involve a variety of tasks, including marketing and leasing, maintenance and repairs, rent collection, and financial management.
Here are some of the key aspects of property management:
Effective property management is essential for maintaining the value of a real estate investment, ensuring a steady stream of rental income, and minimizing legal and financial risks. Property management companies can provide professional management services for property owners, allowing them to focus on other aspects of their business or personal lives.