Property management is the operation, control, and oversight of real estate .It encompasses all aspects of running an income property, from finding and screening tenants to maintaining the property, collecting rent, and handling any issues that arise.
Property Manager in Florida
A property manager or estate manager is a person or firm charged with operating a real estate property for a fee, when the owner is unable to personally attend to such details, or is not interested in doing so. The property may be individual title owned or it may be owned under sectional title, share block company owned and may be registered for residential, commercial office and retail or industrial use. Florida state requires property management companies to be licensed real estate brokers if they are collecting rent, listing properties for rent or helping negotiate leases. A property manager may be a licensed real estate salesperson but generally they must be working under a licensed real estate broker. Most states in the United States have a public license check system on-line for anyone holding a real estate salesperson or real estate broker’s license. Owners who manage their own property are exempt from the requirement of having a real estate license. However, owners who do not live near the rental property may be required, by local government, to hire the services of a property management company.
MANAGEMENT ROLE AND SERVICES
One important role of a “Property Manager” is that of liaison between the ownership or asset manager and the actual tenant/leasee tenant, providing a buffer for those owners who are desiring to distance themselves from their tenant constituency. Duties of property management generally will include a minimum of these basic primary tasks:
- Leasing / Advertising / Computerized Accounting
- On-site Interior Inspections Credit / Criminal Tenant Screening
- Website / Email Move Out Inspections
- Cost Effective Maintenance
- Our Specialties
- Single-family Homes
- Multi-family Apartments
- House Sitting
- Investment Sales