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PROPERTY MANAGEMENT

  • September 3, 2023
  • Posted by: visttas1-admin
  • Categories: Annual Maintenance Services, Land Inspections, Planning Permission- DTCP/RERA /Planning Approval/NOC, Property Documentation, Property Record Service, Property Registration
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Property management refers to the process of overseeing residential, industrial or commercial real estate assets. Generally, landlords and developers involve third-party operators to handle the operations and administration of their properties. This work can be bifurcated into the following categories:

  • Rental and tenant management
  • Renovation and maintenance
  • Property sale and purchase
  • Accounts and finance
  • Marketing and advertising
  • Legal and insurance advisory

Hence, not restricted to only setting rents, such companies also manage budget, offer legal services and handle maintenance work. While some companies oversee the entire marketing and advertising services, others offer software that act as an all-in-one solution for lead nurturing.

Let us now explore the different types of property management services and how they make running a real estate business more smooth and hassle-free.

 

TYPES OF PROPERTY MANAGEMENT

 

Residential Property Management:

We handles residential properties where a tenant might choose to live long term.

  • Single-family homes
  • Vacation rentals
  • Apartments
  • Townhouses
  • REO properties

Commercial Property Management:

In commercial property, we would oversee many different kinds of non-residential properties.

  • Public accommodations like hotels.
  • Retail properties like malls, restaurants, etc.,
  • Office properties like real estate brokerages or doctors’ offices.

Industrial Property Management:

An industrial property is to maintain and inspect the properties and serves as a communication liaison between landlord and tenant. We must ensure the property complies with building codes and regulations.

  • Heavy manufacturing facilities
  • Warehouses
  • Distribution facilities

Special-Purpose Property Management:

Special purpose properties are designed for unique construction materials or have a distinctive layout. Managing this type of property requires special skills. We want to be a pro in business management and property law.

  • Theaters
  • Sports arenas
  • Resorts


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