Property management is the overseeing of residential or commercial properties. It involves the management of properties that are owned by another party or entity.
Property managers act on behalf of the owner to preserve the value of the property while generating income. They step in when owners lack the time or expertise to deal with tenants and maintain the properties. Absentee landlords also benefit from property management services.
Investment properties can be a risk, and this is why property management is so important. Not all tenants turn out to be great. To ensure income is constant and the property is maintained to a reasonable degree, property management is a service worth looking into.