What does the term "property management" include?

The term "property management" encompasses a wide range of responsibilities related to overseeing and managing rental properties on behalf of property owners. This includes tasks such as collecting rent, maintaining the property, handling tenant requests, and ensuring compliance with local housing regulations. Property management serves as a vital connection between property owners and tenants, ensuring that properties are well-managed for optimal occupancy and profitability.

This definition highlights the comprehensive nature of property management, extending beyond just financial oversight or marketing. While financial management is a component, it is just one aspect of the broader role of supporting the property owner in all facets of property operation.

Legal representation and marketing properties for sale are also important activities in the real estate industry, but they fall outside the primary scope of property management, which is focused on the ongoing management of rental properties rather than sales or litigation.