Property management is the supervision of residential, industrial, or other commercial property. Property management is comparable to the administration function in most any other industry. One major task of property management is that of liaison in between the owner or the management organization acting at the property owner’s behest. Property manager relations with tenants provides a face to the property owner, and provides a barrier for those owners wanting to distance themselves from their occupants.
Property managers like Andrew Bradfield might oversee construction, enhancement, repair and maintenance on a property. Roles of property management comprise taking rent payments, responding to and addressing repair issues, advertising properties for lease for proprietors, and performing credit worthiness and criminal background checks on potential lessees. In exchange for the service provided, property management companies bill lessors a percentage of the rent collected each and every month.
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