Property management is the administration of residential, industrial, or other commercial real estate. This is much like to the management post within every other business. A principle duty of a property manager is that of middleman between the landlord or the management firm operating at the proprietor’s behest. Property management relations with occupants provides a face to the landlord, and provides a barrier for those landlords desiring to distance themselves from their tenants.
Property managers like Andrew Bradfield might manage building, enhancement, mend and upkeep on a property. Tasks of a property manager include taking rent payments, responding to and addressing maintenance and repair issues, advertising properties for lease for lessors, and doing credit worthiness and criminal background checks on prospective tenants. As payment for the service provided, property management companies invoice landlords a percentage of the rent proceeds collected each month.
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