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.
Discount commissions for sellers.
Cash rebates for buyers.