The main principle of property management is to maintain and administer a given real estate property to protect and enhance it’s investment value to the title-holder.
This includes leasing the property at market rates, providing guidance on capital replacements and major maintenance, efficiently administering the expenses of the property, enforcing the terms of the lease regarding tenant responsibilities, collecting rent, maintaining accounts and records of the property and periodically providing an accounting to the property title-holder.
The main principle of property management is to maintain and administer a given real estate property to protect and enhance it’s investment value to the title-holder.
This includes leasing the property at market rates, providing guidance on capital replacements and major maintenance, efficiently administering the expenses of the property, enforcing the terms of the lease regarding tenant responsibilities, collecting rent, maintaining accounts and records of the property and periodically providing an accounting to the property title-holder.
It is a BIG job!