![]() ![]() ![]() Build, maintain and repair property to keep it in working order and work with maintenance people to ensure it stays that way.Taking care of any maintenance issues within a budget with a Limited Power of Attorney legally agreed to by the property owner.Lease contracting or accepting rent using legal documents approved for the area in which the property is located.The screening or testing of an applicant’s credit, criminal history, rental history and ability to pay.The most common duties that a property management company does are the following: From just one or two rental homes that a retired couple may own to mega-complexes consisting of hundreds of apartments, management companies handle all the details of these rentals for their owners. One of the most used applications of property management in the United States is the creation of companies that manage other people’s rental properties for them. The term “management” shows a need to be monitored, cared for and accountability given and in this sense, the management is of real property. Property management is defined as the operation, control and oversight of real estate as used in its most broad terms.
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