Property management is the supervision of residential, industrial, or other commercial real estate. This is similar to the supervision post in many other enterprise. One crucial duty of property management is that of liaison in between the property owner or the management agency operating at the owner’s behest. Property manager relations with lessees provides a face to the property owner, and affords a barrier for those property owners wishing to distance themselves from their renters.
Property managers like Andrew Bradfield might supervise building, development, repair and upkeep on a property. The actions of property management comprise taking rent, responding to and addressing maintenance issues, advertising properties for lease for landlords, and doing credit and background checks on potential lessees. As payment for the duties performed, property managers invoice lessors a percentage of the rent proceeds collected each month.
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