What is a property management company?
A property management company is a third-party service that handles the day-to-day operations of real estate properties on behalf of property owners.
They take care of various tasks, including:
Tenant management: Finding new tenants, collecting rent, handling tenant complaints, and evictions.
Property maintenance: Coordinating repairs, inspections, and property upkeep.
Financial management: Paying bills, tracking income and expenses, and providing financial reports.
Legal compliance: Ensuring adherence to landlord-tenant laws and regulations.
Essentially, property management companies act as intermediaries between property owners and tenants, relieving financial owners of the burden of managing their properties to focus on acquiring and selling assets.
