May 28, 2024  
2024-2025 Catalog 
2024-2025 Catalog

Real Estate Property Management

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Real Estate Property Management involves the management of revenue-producing residential or commercial properties, including single-family homes, apartment complexes, office buildings, retail centers, medical facilities, and industrial warehouses. Property Management is a service industry in which property managers are expected to work closely with both the property owners and the residents of the property.

The primary responsibilities include:

  1. Management of the physical property, including maintenance, operations, capital improvements, and sustainability
  2. Human resources, including interacting with tenants, managing people who maintain and support the property’s operations, and working with property owners
  3. Marketing and leasing, including developing marketing plans and strategy, advertising and preparing property for rent, showing the property, negotiating leases, and establishing rents
  4. Financial management, including budgeting, accounting, financial and investment analysis, and financing
  5. Legal and risk management, including insurance, emergency planning, government regulations, contracts, and leasing.

Property Management is a multifaceted industry that is becoming more reliant on technology to increase operating efficiencies, maximize revenue, and monitor property performance. Property managers use industry-specific programs to generate financial reports, and to track data related to marketing, maintenance, insurance, payments, and tenant services.


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