Many property managers must have a real estate broker’s license, depending on the state, since some of their duties are considered ‘real estate activities.’ Additionally, property managers often join organizations like the National Association of Residential Property Managers or the National Property Management Association, which offer professional certifications and continuing education. Property management companies are also beneficial if the owner plans to participate in affordable housing programs since the federal laws and regulations surrounding them may be complicated to navigate.

That is why there are property management companies and software providers to streamline the process. When someone only has one or a few properties or tenants, it is easy to keep track of the leases, finances, and maintenance manually, but doing that at scale can be a real headache. Aspects of property management might include screening potential tenants, evicting residents who have violated the terms of their agreement, landscaping around the building, or collecting rents.

Property management is the process of renting out and maintaining units or spaces in one or more buildings. When a property is correctly managed, the owner maintains the space’s value while also generating income through the renters or leasers. Properties can range from residential and commercial to mixed-use or industrial. Whether the owner plans on renting to companies for office space, local businesses for storefronts, or to households as living spaces, he or she will need to manage those properties. Property management is an essential aspect of owning renter-occupied buildings. Watch Demo Understanding Property Management

States Investing the Most in New Housing.

Cities Investing the Most in New Housing.

Construction Project Management Software.

Owner Controlled Insurance Programs (OCIP).

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