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Real Estate

Property Management

TermDefinition
Primary objectives of a property manager Preserve and enhance value of property, generate income while meeting the objectives of the owner
Activities carried out by a property manager Set a management plan, budgeting, hire and supervise employees, rent vacant units, maintain the property, market the property, tenant security, collect rent, handle risk mngt, record keeping and reporting, comply with environmental regs, comply with ADA
What is included in a property management agreement Indentity of the parties, description of property, time frame, owners purpose
Created by: StellaAZ
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