Property management is the control of operations of a real estate. Management is monitoring, caring and accounting for useful conditions in life. Property management may also be management of personal properties, capital, tools and equipment used in construction or maintenance. Higher managers can manage properties on behalf of the owners or the owners manage the properties on their own. The role of managing properties can also be taken by some real estate brokers. Services like agency are usually provide by brokers as they continue managing the task of listing, showing and leasing rentals. Property managers assist in advising on properties of rental, coming up with budgets, receiving of rent, complying with the laws of a real estate. A secretary of estates can also help in the management of a real estate on behalf of the owners on work together with the managers.
Other maintenance measures such as cleaning and reconstruction of structures also lie under the category of management of properties. Managers and secretaries of real estate are paid in different ways by the owners of real estates. One of the way of paying them is through paying them on fixed fee or through the percentage of the rent received from the property under management. When paying using the above payments one depends on the agreement they made before they begin working in joint. There are other companies which also requires properties management. According to the profit made from the company under management, managers may receive their remuneration in the company they are working.
Various reasons arises that makes owners to be very keen when hiring managers who will be looking after their properties. Some of these owners may be employed but have estates or rental and thus may not have to go to work and manage their … Read More ...Read More →