Property management is the operation, control, maintenance and oversight of real estate and physical property, spanning residential, commercial, industrial, public capital and land real estate. The industry exists because properties must be properly maintained and monitored for their condition and useful life, supporting a commercial sector of firms and professionals who manage buildings and land on behalf of their owners. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
Facts
Sources
1. Wikipedia, Property management
lead sectionQuote, lead section
Property management is the operation, control, maintenance, and oversight of real estate and physical property.
Frequently Asked Questions
What kinds of property does property management cover?
It spans residential, commercial, industrial, public capital and land real estate.
Property management covers the operation, control, maintenance and oversight of real estate and physical property. Its scope spans residential, commercial, industrial, public capital and land real estate. The work exists because properties need to be cared for and monitored, with attention to their useful life and condition.
Reader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.