Business Glossary

the operation of property as a business, including rental, rent collection, maintenance , etc.

Example: The following tasks are often required in the ownership of property:

Property management tasks

• accounting and reporting
• leasing
• maintenance and repair
• paying taxes
• provision of utilities and insurance
• remodeling
• rent rate setting and collection

Investment management tasks

• acquisition and disposition
• development and rehabilitation feasibility
• financing
• paying taxes
• income tax accounting

operation of property as a business, including rental, rent collection, maintenance, and so on. For example, the following tasks are often required in the ownership of property: accounting and reporting, leasing, maintenance and repair, paying taxes, provision of utilities and insurance, remodeling, and rent rate setting and collection.