Property management is the supervision of residential, industrial, or other commercial property. Property management is similar to the supervision function within any other venture. One important function of property management is that of middleman between the owner or the management agency performing at the proprietor’s behest. Property manager relations with lessees gives a face to the property owner, and serves as a buffer for those proprietors wishing to distance themselves from their occupants.
Property managers like Andrew Bradfield could run building, renovation, repair and upkeep on a property. The actions of a property manager include accepting rent payments, responding to and handling repair issues, advertising vacancies for landlords, and executing credit worthiness and criminal background checks on potential tenants. As payment for the services provided, property managers charge lessors a portion of the rent proceeds collected each month.
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