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Business Glossary
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Definitions for: property management
property management

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

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Industry Associations

Industry Associations
Property Management Association
Property management professionals who own and operate multifamily residential, commercial, retail, industrial and other income-producing properties and firms that provide goods and services used in real property management. Works to ...

Members: 1,100
Founded: 1952
Dues: full, $155 annual; associate, $720 annual.