Real Estate Property Management

Real estate is a "hands on" investment. Unlike other investment types, such as stocks and bonds, real estate investment requires investor participation to some degree. How much investor participation will depend on the type real estate owned. Many investors are not able or have no desire to participate in their real estate investment. That is where real estate property management comes in. Investors hire a person or firm to maintain the real estate and then pay a fee for that service.

Land requires little property management resources while income producing real estate may require constant supervision. Apartment complexes normally require an on site property manager to assist tenants and oversee the property. Single family housing typically requires modest oversight as only one tenant's needs need to be addressed. Demographics and property condition also play an important part in the amount of oversight required. The higher the quality of the property, the lower the amount of oversight needed. Quality properties attract quality tenants. Renting selectively to tenants with good rental history and good credit reduces the amount of oversight needed. Quality tenants take pride in their environment and take care of the property. People with good credit pay their bills on time. Real estate property management is an essential part of managing investment real estate. Wise property selection by the investor can make a major difference in the on going expenses of managing the property. For more information on property management visit our property management page.