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Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition.
A property manager or estate manager is a person or firm charged with operating a real estate property for a fee. The property may be individual title owned or owned under the sectional title, share block company owned, and may be registered for residential, commercial office, and retail or industrial use.
Property Management Systems (PMS) or Hotel Operating System (HOS), under business, terms may be used in real estate, manufacturing, logistics, intellectual property, government, or hospitality accommodation management. They are computerized systems that facilitate the management of properties, personal property, equipment, including maintenance ...
The program covers all aspects of operating a commercial property and maximizing a net income while minimizing risk. [4] Required coursework includes: Law and Risk management [5] Budgeting and accounting [5] Environmental health and safety [5] Business ethics [5] Real estate investment and finance [5] Design operation and maintenance of ...
Many people dream of owning a portfolio of rental properties that can produce enough passive income to cover their living expenses. My strategy is to invest in real estate investment trusts (REITs ...
Certified Property Manager (CPM) is a real estate professional designation awarded by the Institute of Real Estate Management (IREM) [1] and recognized by the National Association of Realtors (NAR). The Institute offers a comprehensive program developed exclusively for property and asset managers working with different size portfolios of all ...
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