property management



The process of managing property that is available for lease by maintaining and handling all the day-to-day activities that are centered around the piece of real estate. Property management may involve seeking out tenants to occupy the space, collecting monthly rental payment, maintaining the property, and upkeep of the grounds. Apartment complexes are handled by some type of property management company.

Use property management in a sentence

  • The property management was exceptional as they handled and solved a variety of small problems that consistently arose on the property.

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  • The property management company enforces strict credit-score requirements for all potential tenants; they reject any potential tenant with a credit score below 700.

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  • You should make sure to have a good property management team on your staff if your business has multiple locations.

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