What is a Property Management?
A property management company or a property manager is a third party who is hired to handle the daily operations of a real estate investment. They can manage all types of properties, from single family homes to large apartment complexes. Responsible for Rent Property managers are responsible for setting the initial rent level, collecting rent from tenants and adjusting the rent.They have an understanding of the market where the property is located and have looked at comparable properties in the area. Responsible for Tenants One of the main responsibilities of the property manager is to manage tenants. They are involved in all capacities, from finding the tenants and dealing with complaints to initiating evictions. Property managers are responsible for marketing the property to fill vacancies. They know where to advertise and what to include in their ads. They also understand what attracts tenants, so they can suggest making cosmetic improvements to help makeover the property. Re