Property management is the oversight of residential, industrial, or other commercial real estate. Property management is similar to the administration role for most any other business. One major function of a property manager is that of middleman between the lessor or the management company functioning at the landlord’s behest. Property manager relations with renters provides a face to the property owner, and affords a barrier for those property owners needing to dissociate themselves from their occupants.
Property managers like Andrew Bradfield might run building, renovation, repair and maintenance on a property. Duties of property management comprise receiving rent, responding to and handling maintenance and repair issues, posting vacancies for lessors, and performing credit and background checks on potential lessees. In exchange for the duties performed, property management charge landlords a percentage of the rent proceeds taken in each and every month.
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