property management
Building oversight service
Property management is the oversight and operation of real estate on behalf of an owner.
This includes finding and screening tenants, collecting rent, handling maintenance and repairs, and ensuring compliance with housing regulations.
Property management companies or individual managers typically take a percentage of rental income as their fee.
We hired a property management firm to handle our rental units.
One who rents property
- landlordProperty owner renting out
- leaseTemporary use contract
- apartmentRented unit in building
- condominiumOwned unit, shared grounds
townhouse · occupancy · vacancy · security deposit · eviction · rent collection · leasehold · sublet
Sectioning areas by use
- building codesLaws governing structure safety
- fair housingAntidiscrimination laws for rentals
- inspectionsSystematic examinations for flaws
- permitsGrants formal authorization
safety regulations · ADA · habitability · fire safety · health codes · licensing · insurance · liability
Profit-to-cost ratio
- appreciationRecognition of worth
- cash flowMoney entering and exiting
- equityImpartial treatment or ownership value
- capitalWealth used for investment
portfolio · asset value · yield · passive income · real estate investment · rental income · depreciation · refinancing
Organizational oversight and control
- coordinationOrganized cooperative movement
- budgetingAllocating funds systematically
- accountingMaintaining financial records
- rent collectionObtaining tenants' due payments
record keeping · scheduling · reporting · software · communication · complaints · amenities · occupancy rates
For one household only
- multifamilyHousing multiple separate households
- HOAResidential community organization
- community associationGoverning body for residents
- condominiumsPrivately owned multi-unit dwellings
apartments · duplexes · homeowners · common areas · amenities · pool · clubhouse · gated community
Restorative maintenance work
- upkeepOngoing preservation effort
- HVACIndoor climate management
- plumbingWater and waste infrastructure
- electricalInvolving conducted current
landscaping · cleaning · inspections · preventive maintenance · work orders · contractors · handyman · technician
Structures for professional work
- retail spacesCommercial selling locations
- shopping centersMulti-store retail complexes
- industrial parksZoned areas for manufacturing
- warehousesLarge goods storage buildings
mixed-use · anchor tenant · square footage · signage · parking · loading docks · lease terms · storefronts
tenant
One who rents property
condominium · townhouse · occupancy · vacancy · security deposit · eviction · rent collection · leasehold · sublet · furnished
zoning
Sectioning areas by use
- building codesLaws governing structure safety
- fair housingAntidiscrimination laws for rentals
- inspectionsSystematic examinations for flaws
permits · safety regulations · ADA · habitability · fire safety · health codes · licensing · insurance · liability · ordinances
ROI
Profit-to-cost ratio
- appreciationRecognition of worth
- cash flowMoney entering and exiting
- equityImpartial treatment or ownership value
capital · portfolio · asset value · yield · passive income · real estate investment · rental income · depreciation · refinancing · leverage
administration
Organizational oversight and control
- coordinationOrganized cooperative movement
- budgetingAllocating funds systematically
- accountingMaintaining financial records
rent collection · record keeping · scheduling · reporting · software · communication · complaints · amenities · occupancy rates · turnovers
single-family
For one household only
- multifamilyHousing multiple separate households
- HOAResidential community organization
- community associationGoverning body for residents
condominiums · apartments · duplexes · homeowners · common areas · amenities · pool · clubhouse · gated community · lease renewal
repairs
Restorative maintenance work
- upkeepOngoing preservation effort
- HVACIndoor climate management
- plumbingWater and waste infrastructure
electrical · landscaping · cleaning · inspections · preventive maintenance · work orders · contractors · handyman · technician · fixtures
office buildings
Structures for professional work
- retail spacesCommercial selling locations
- shopping centersMulti-store retail complexes
- industrial parksZoned areas for manufacturing
warehouses · mixed-use · anchor tenant · square footage · signage · parking · loading docks · lease terms · storefronts
- servicescleaning services, streaming, delivery services, salon, bellhop
- real estatehouse, home, apartment, sale, rent
- UK Propertyfreehold, leasehold, estate agent, council house, terraced house
- condoscondo, condominium, co-op, unit, condo association
- HOAhomeowners association, condo association, HOA, CC&Rs, covenants
- Real Estate Servicesreal estate agent, realtor, listing agent, buyer agent, appraisal
property managementproperty ownership
Holding title to land
self-management · property development · landlording · property investment · property flipping
property managementabandonment
Act of leaving permanently
deferred maintenance · absentee ownership · disinvestment · benign neglect · mismanagement
manage, manager, property, management, managed, managing, managers, mismanage, properties