Property management refers to the operation, control, and oversight of real estate properties. It involves a wide range of responsibilities, including the maintenance of buildings, managing tenants, handling rent collection, and ensuring that properties comply with relevant laws and regulations. Property managers also market available properties, screen prospective tenants, and address tenant concerns. In addition, they manage financial records, oversee repairs and improvements, and aim to maintain or increase the property's value. Property management is crucial for both residential and commercial properties, helping owners maximize their return on investment while ensuring smooth daily operations.
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