What Is a Property Manager? (US)
Property Management , ,

What Is a Property Manager? (US)

A property manager is an individual or company that is hired to oversee the day-to-day operations of a unit of real estate. Property owners and real estate investors typically hire property managers when they are unwilling or unable to manage the properties themselves. The cost of employing a property manager is often tax-deductible against the income generated by the property. Apartment complexes, retail malls, and business offices are common types of commercial property that are run by property managers. KEY TAKEAWAYS: A property manager is an individual or other entity that is hired by a property owner for the purposes…
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How the Pandemic Has Changed Property Management
Property Management , ,

How the Pandemic Has Changed Property Management

COVID-19 has forced nearly every industry in real estate to make some short-term and long-term adaptations in their management practices. Apartment owners, in particular, are adopting new practices to help keep tenants safe, reduce vacancies, and remain flexible in tenant attrition as they find out how to manage rentals in the "new normal." With social distancing guidelines and restrictions in place, a large change in multifamily real estate has been shifting to virtual showings and leasing, where 71% of property managers said offering and utilizing digital showings are a priority. Virtual showings limit the number of people in the unit…
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