What is Property Management?

Property management is the process of overseeing and maintaining a piece of real estate, such as an apartment building, office building, or rental home. A property manager is responsible for handling the day-to-day operations of the property, including managing tenants, handling maintenance and repair issues, collecting rent, and ensuring that the property is well-maintained and in good condition. Property management can also involve the marketing and advertising of the property to attract new tenants, negotiating lease agreements, and handling the financial aspects of the property, such as budgeting and bookkeeping. Property management is a field that requires strong organizational and communication skills, as well as knowledge of real estate laws and regulations.