What Is a Property Management Funnel Process?

Posted on September 25, 2023

Are you tired of the constant juggling that comes with managing your rental properties? From screening tenants to handling maintenance requests, the process can be overwhelming, time-consuming, and expensive. But what if…

How Will AI Affect Property Management?

Posted on September 11, 2023

Imagine this: you’re a property manager and it’s Monday morning. Your inbox is overflowing with maintenance requests, tenant inquiries, and lease renewals. You’ve got a long day ahead, right? Now, imagine if…

The Art of Net Lease Investment Property Management

Posted on August 28, 2023

Imagine owning a property that not only generates a steady stream of income but also frees you from the hassles of day-to-day management. Sounds like a dream, right? Well, this isn’t just…

How To Manage Property With Negative Equity

Posted on August 14, 2023

Do you remember the sinking feeling when you first discovered your property was in negative equity? You’re not alone. Many real estate investors and managers have found themselves in this exact predicament….

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Basic Property Management provides owners and managers of rental property with the tips, tools, and techniques they need to be successful. We provide articles on a variety of topics, including how to find and screen tenants, how to negotiate leases, and how to handle repairs and maintenance. We also offer a directory of property management services and resources, so you can find everything you need in one place.

Residential

Residential real estate property management is the process of overseeing and renting out residential properties. This type of property management is different from commercial property management in a few key ways. First, residential properties are usually smaller in scale than commercial properties. Additionally, residential property managers typically work with individual tenants rather than with businesses. Finally, the leasing terms for residential rentals are usually shorter than those for commercial rentals. As a result, residential property managers must be skilled at handling a variety of tasks, from marketing and advertising vacant units to collecting rent and dealing with maintenance issues.

Commercial

Commercial real estate property management is different from residential property management in a few key ways. For one, commercial properties tend to be much larger than residential ones, so the management team has to be able to handle a larger volume of tenants. Additionally, commercial leases are usually much longer than residential leases, so the manager needs to be prepared for a longer-term commitment. Finally, commercial properties tend to have more complex financial arrangements and regulations that need to be followed. As a result, it takes a different set of skills and knowledge to effectively manage a commercial property.

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