Property ManagementProperty management is the operation of commercial, industrial or residential real estate. This is much akin to the role of management in any business.
Property management is also the management of personal property, equipment, tooling and physical capital assets that are acquired and used to build, repair and maintain end item deliverables. Property management involves the processes, systems and manpower required to manage the life cycle of all acquired property as defined above including acquisition, control, accountability, responsibility, maintenance, utilization, and disposition.
Roles: - One important role is that of liaison between the landlord and/or the management firm operating on the landlord's behalf and tenant. Duties of property management include accepting rent, responding to and addressing maintenance issues, and providing a buffer for those landlords desiring to distance themselves from their tenant constituency.
There are many facets to this profession, including managing the accounts and finances of the real estate properties, and participating in or initiating litigation with tenants, contractors and insurance agencies. Litigation is at times considered a separate function, set aside for trained attorneys. Although a person will be responsible for this in his/her job description, there may be an attorney working under a property manager. Special attention is given to landlord/tenant law and most commonly evictions, non-payment, harassment, reduction of pre-arranged services, and public nuisance are legal subjects that gain the most amount of attention from property managers. Therefore, it is a necessity that a property manager be current with applicable municipal, county and state laws and practices.
Property management, like facility management, is increasingly facilitated by computer aided facility management (CAFM).
See AlsoMission & Vision
OUR VISION To become a discovery led consumer name in Andhra Pradesh & India in Quality residential and commercial real estate ventures. Our vision oReal Estate Investing
Real estate investing involves the purchase, ownership, management, rental and/or sale of real estate for profit. Improvement of realty property as paPersonal Business Commitments
Based on our past experience, and to strengthen the responsibility of our people managers for having a positive impact on the business and the career Return to India
The saying, ‘Home is where the Heart is’ goes well with the millions of NRIs spread on every corner of the world; whose heart still beats for IndiShare Holding Pattern