Property management is the oversight of residential, industrial, or other commercial property. This is similar to the operations function for every other business. One valuable function of property management is that of middleman between the owner or the management firm working at the proprietor’s behest. Property management relations with occupants provides a face to the owner, and also extends a shield for those owners wanting to distance themselves from their lessees.
Property managers like Andrew Bradfield could run building, renovation, repair and upkeep on a property. Tasks of a property manager include receiving rent payments, responding to and handling repair issues, advertising vacancies for lessors, and executing credit worthiness and criminal background checks on prospective renters. In exchange for the duties performed, property management companies invoice owners a portion of the gross rent collected every month.
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