Contrary to what many people may first think, “real estate” encompasses far more than simply the residential brokers that help you buy and sell your home. In fact, the term refers to a much broader industry, including developers, financial analysts, corporate real estate officers, property managers, appraisers, and more.
Property managers take care of most day-to-day tasks associated with operating income-producing real estate, including advertising, leasing, collecting rent, maintenance, and staffing. In addition, property managers often provide financial reports and advice to the owners of properties they manage. As such, property managers provide a valuable service that can help maximize the overall income a property generates for its owner.