What is Property Management?
Once you become an owner of a real estate property, you have all the power and authorities on it.
It’s important to realize you are responsible for any decisions made regarding property management.
There are two type of property management, “Lease Management” and “Building Management”.
Building management has varies tasks in it. For example, cleaning, regular maintenance, getting new tenants, and dealing with any troubles would be one of the tasks. However, you do not have to do them all by yourself. Some owner like to do it on your own but many owners hire a property management company to take care your property for you.
So choosing the right property management company is really important.
Having a good partner is a really key here for successful rental business. Consider carefully before you make a property management agreement with a company.