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What does a real estate management company do?

asked by corihendon48 (10)

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Tags:  business  management

answers

They manage all types of rental properties, including homes, apartments, and offices. This may include filling vacancies, rent collection, physcial maintenance, responding to tenant requests or problems, and making sure the property is in compliance with federal, state and local laws. Their goal is to maximize the income from the property.

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posted by jennyv8 (123)
7 votes

A realty management company performs whatever duties are detailed in the contract for services. This could be everything from mowing the grass to renting or showing the properties. It might include marketing and advertising, maintenance and a host of other responsibilities, depending on what the owners feel is necessary. The realty management company might subcontract as welel.

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posted by patti (17538)
6 votes

The real estate company collects rents, provides maintenance, selects tenants, pays mortgage bills and handles move-outs. Basically it is just relieving the owner of all the day-to-day tensions.

6 votes

A real estate management company selects tenants, does credit checks, collects rents, pays the mortgage and maintenance bills, deposits funds and prepares monthly statements for the owner as to the disposition of the funds. There is normally a contract for these services and such contract details compensation and duties.

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posted by Carol37 (505)
5 votes

A real estate management company takes care of all the day to day activities for the property owner. This usually includes collecting rent, scheduling maintenance, securing new tenants, and handling move-outs. The owner just has to sit back and collect the income.

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posted by Anita27 (648)
2 votes

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