Property management is the term used in connection with the management of real property and, by inference, is a specialized form of management.
Property management services are needed in the private, corporate and public sectors by owner-occupiers, landlords and tenants and for commercial property such as shopping centres, office blocks and industrial estates. Most property is held as an investment, so reviewing financial returns and property values is an important part of the work. In this context, professional property management will, by necessity, involve day-to-day, week-to-week, month-to-month, and year-to-year management strategies and programmes designed specifically to accommodate, within agreed reasonable parameters, all the requirements of the particular real estate investment. |