An Introduction To Property Management Service
One of the driving forces of Western society today could be very easily argued to be the accumulation of wealth and property. One may desire such possession for many reasons. You could wish to gain wealth and possessions for the simple reason of personal pleasure – you make an effort to accumulate possessions that make you feel better emotionally, physically, or spiritually. Many people try to become wealthy so that they can provide as best as possible for their families or loved ones – they want to send their kids to the best schools, provide their families with the best food and security, etc. Some people may even try to gain wealth so that they may give money to those less fortunate than themselves, accumulating wealth for charity. But it must be remembered that there are more kinds of wealth than simply money. In the modern world, real estate is as valuable a commodity as any other, and property management is necessary for many real estate owners.
Real estate is defined as consisting of the buildings and natural resources on a plot of land. This can include water, plants, minerals, crops, or other similar property. For instance, if a man buys a plot of land, he becomes the proprietor of any trees planted there, of any minerals or other substances mined from the land, and any crops grown there, as well as any buildings that are built there. But in many cases, this man may be buying the property as a commodity, rather than a place to put his home. He may, in fact, own many other plots of land as well. In this case, it is unlikely that he has the time, or ability to manage and maintain the piece of real estate on his own, and so he needs someone in charge of property management.
A property manager is the person who is put in charge of a piece of a real estate by the owner, and is paid a fee for his or her services. A business can also serve as property manager. The person in charge of property management is often, in the case of an apartment or other residential property, responsible for screening prospective tenants, evicting old tenants, and dealing with matters of rent. Also, depending on the property management arrangement with the property’s owner, the manager may be in charge of cleaning, gardening, landscaping, and repairing or improving parts of the building. This does not mean to say they are employed or qualified to perform these kinds of maintenance themselves, but they would often be responsible for hiring a repairman, or cleaner, or gardener. Property managers can, in a commercial property, be the operator of a business as well as manager of the property, or they can be hired to take care of a residential property that is only used part of the year (house-sitting a summer home, for example).
A property manager has certain things expected of him from the property’s owner, such as make sure the property is secure (protect the owner’s investment), properly maintained, and profitable (in the case of a residential or commercial property, for instance). They should also be knowledgeable on the subject of property management practices and laws.