Property Management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, and land real estate. Property Management is also the daily oversight of residential, commercial, or industrial real estate by a third – party contractor. Generally, property managers take responsibility for the day-to-day repairs, ongoing maintenance, security, and upkeep of properties. They usually work for the owners of investment properties such as apartment and condominium complexes, private home – communities, shopping centers and industrial parks.
Just as property comes in many types, so do property managers. Some firms are specialized in providing management for a particular type of property, while others offer management services over a range of property types. A huge range of property types can be managed.
Residential Property Managers – are typically hired for rental properties, and they manage the rental process.
Commercial Property Management – Commercial Property Owners have different needs from those who own residential property. Commercial Property Management can apply to:
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Public Accommodations like hotels.
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Retail properties like malls, restaurants, and gas stations.
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Office properties like real estate brokerages or doctors offices.
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Co – working spaces where professionals rent work space by the day or by the hour.
Industrial Property Management – Industrial properties that can benefit from management include:
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Heavy manufacturing facilities such as automotive plants and steel mills.
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Light manufacturing factories such as food packaging.
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Warehouses.
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Distribution Facilities.
Special – Purpose Property Management – There are also numerous types of properties that include:
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Theaters.
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Sport Arenas.
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Resorts.
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Senior Care Facilities.
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Schools & Universities.
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Places of Worship.
NEED ASSISTANCE IN ANY AREA OF THE REAL ESTATE PROCESS OR HELP WITH A PROFESSIONAL BUSINESS PLAN CONTACT US NOW AT: (27) 84 583 3143 or EMAIL US AT – money@global.co.za
