Peter Drivas Property management Peter Drivas What is property management? The term property management refers to the act of supervision and management of third-party real estate firms. It generally involves the management of assets owned by another party or entity. These can be residential, commercial, and industrial real estate, and are typically investment properties such as apartments, single-family homes, condominium units, and shopping centers.
Property managers act on behalf of property owners to preserve property value while generating income.
Peter Drivas Key takeaways Property management refers to the act of supervising and managing third-party real estate companies.
Peter Drivas Property managers are responsible for day-to-day real estate operations, including selecting tenants, collecting rent, and seeking eviction proceedings.