How Property Management works

Property management involves overseeing residential, commercial, or industrial properties on behalf of the owner. The process typically begins with marketing the property, setting rental prices, and screening tenants. Property managers handle lease agreements, rent collection, and maintenance requests. They ensure that the property is well-maintained, resolving any issues that arise promptly. Legal responsibilities include complying with local landlord-tenant laws and addressing disputes. Ultimately, property management aims to protect the owner's investment, maximize rental income, and provide a smooth living experience for tenants. It's about balancing the needs of both property owners and tenants efficiently.