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Property Management is the operation of commercial and/or residential real estate. This is much akin to the role of management in any business.
One important role is that of acting as liaison between the landlord and tenant. Duties of property management include accepting rent, responding to and addressing maintenance issues, advertising vacancies for landlords, and doing credit and background checks on tenants
There are many facets to this profession, including participating in and/or initiating litigation with tenants, contractors and insurance agencies. Litigation alone is at times considered an entirely separate function, set aside for trained attorneys. Although a person or persons will be responsible for this in their job description, there may or may not be an attorney working under a property manager.
Special attention is given to Landlord/Tenant law and most commonly evictions, non-payment, harassment, reduction of pre-arranged services, and public nuisance are legal subjects that gain the most amount of attention from property managers. Therefore, it is a necessity that a property manager be current with new laws and practices in their given localities, cities and states.
Building Owners & Managers Institute International (BOMI) offers industry-standard designations that certify the training associated with Property Management:
- Real Property Administrator (RPA)
- Facilities Management Administrator (FMA)
- Systems Maintenance Administrator (SMA)
- Systems Maintenance Technician (SMT)
Property Management Journal (Emerald Management)
Written primarily by researchers and academics, the journal provides key information to researchers and forward-thinking professionals. It does not confine itself to UK theory and practice but aims to be an international forum in areas where transfer of thinking across national boundaries is feasible and relevant. The journal aims to provide current information and research findings in the field of property management. The journal has adopted a wide subject remit and addresses key issues from an international perspective, covering issues such as land use and development, marketing and leasing, maintenance and refurbishment.
Topics covered include:
Residential valuation
Sustainability
Occupiers' issues
Asset management
Taxation
Key Journal Audiences
Valuers
Facilities managers
Other practitioners in the field
Property academics
Property managers
Solicitors
Surveyors
Property owners and occupiers
Planners
Known Property Management Companies
Jones Lang LaSalle - joneslanglasalle.com
Offers property management and investment management services on five continents. Information on products and services, company divisions, investor relations and careers. (NYSE:JLL)
Jones Lang LaSalle Hotels - joneslanglasallehotels.com
International leisure property investors, managers and financiers. Features services, properties, research, news.
JPI - jpi.com
Specializes in the acquisition, development, and management of residential communities in the US and Canada. Includes company profile, employment opportunities.
Trammell Crow Residential - tcresidential.com
Multifamily real estate firm with apartment properties in major markets across the US. Includes company profile, communities, news, employment.
Liberty International PLC - liberty-international.co.uk
London-based firm owns and manages commercial properties in the UK, Africa, and the US. Includes corporate profile, financial reports, news, shareholder services.
FPD Savills - fpdsavills.com
Specialises in residential and commercial property management services through sales, and lettings of flats, houses and apartments on a national, international and global basis. Office locations throughout the world.
AMB Property Corporation - amb.com
Owns and manages commercial properties in the US, France, and Mexico. Includes property portfolio, alliance partner center, and investor center. (NYSE: AMB)
Urban Retail Properties - urbanretail.com
Manages regional malls, community centers, mixed-use projects, office buildings, and government real estate.
Realstar - realstar.ca
Offers multi-unit residential properties in Canada and the United States. Features properties, career opportunities, corporate profile. Based in Toronto, Canada.
U.S. Equities Realty, LLC - usequities.com
Specializes in advisory services, property and facility management, development, finance and investments, leasing, and consulting. Properties in the US and South America.
Camden Property Trust - camdenliving.com
Residential real estate company that owns develops and manages apartment home communities. (NYSE: CPT)
Rental Property Reporter - rentalprop.com
Includes links, articles, and resources for landlords and property managers.
Meritex Enterprises - meritex.com
Information on services from this company leasing warehouse, industrial, and office space.
Gateway West Management Corporation - gatewaywest.com
A full service commercial and residential property management company serving Canada. Offices in British Columbia, Alberta, Quebec, and Ontario.
Lane Company - lanecompany.com
Multifamily real estate business owns and manages apartment and condo communities across the US. Features services, properties, and information for owners and investors. Based in Atlanta, GA.
The Wentwood Companies - wentwood.com
Provider of asset and property management, investment consulting, and acquisition and disposition services. Specializes in distressed, defaulted, foreclosed, or otherwise at-risk properties.
Dunedin Property - dunedinproperty.co.uk
Management and development of multi-million pound commercial sites, shopping centres and business units. Includes location maps and downloadable letting brochures. Offices in London and Edinburgh.
Accredited Management Organization - us-management.com
Directory of firms and vendors that service the industry in the United States.
ChrisKen - chrisken.com
Specializes in the acquisition, development and management of residential communities in the midwest and southeast US. Includes portfolio plus resident and investor services. Based in Chicago.
Humphrey Management - humphreymanagement.com
Full-service property management firm operates communities throughout the mid-Atlantic region and Florida. Includes properties and management team. Based in Columbia, MD.
Wing Tai Holdings Limited - wingtaiasia.com.sg
Initially a garment manufacturer, firm now owns and manages major developments and hospitality properties in Singapore, Malaysia, Hong Kong and China.
Camelot Property Management Ltd. - camelotproperty.com
Specialists in the protection of vacant property. Includes FAQs, downloadable brochure, and employment opportunities. Offices in the UK, the Netherlands and Belgium.
Homburg Canada Incorporated - homburg.com
Development company with commercial and residential holdings in Canada and the US. Includes renter information, property lists, news.
Paramount Real Estate Management - medicalproperties.net/medicalproperties
Company profile and property available from this company specializing in the management of medical office and out-patient facilities for hospital systems.
Southwest Hotel Management, L.L.C. - swhotelmanagement.com
Develops, owns and operates hotels for financial institutions and private investor or groups.
Rendina Companies - rendinaco.com
Developer specializing in medical and healthcare properties in California, New Jersey, Texas and Florida. Provides real estate development, leasing, marketing, financing, construction, and asset management services. Project profiles and locations.
Investors Management Trust Real Estate Group Inc. (IMT ) - imtreg.com
Multifamily property management in California, Texas, Florida, and Arizona. Features corporate overview, apartment search, employment. Based in Sherman Oaks, CA.
Countrywide Property Management - click4management.co.uk
Manages flats throughout the UK. Features corporate client services, flat management, sub letting services, FAQs, office locations.
Estate Management and Consulting - estatemc.com
Manages grand estates worldwide and serves as buyer's consultant to assist in confidential purchase of luxury homes. Includes guide to estate management. Based in Den Haag, Netherlands.
Common Wealth Realty Advisors, Inc. - commonwealthrealty.com
Provides fiduciary investment management for institutional investors. Manages properties across the US. Based in Chicago.
Sunridge Management Group - sunridgemanagement.com
Specializing in multi-family residential, senior citizen, and commercial property management and development. Properties located in Midland and Odessa in West Texas, as well as other cities in East Texas, Louisiana and Mississippi.
The Hayman Company - haymancompany.com
Owns and manages commercial and multifamily properties across the US. Includes company profile, strategic acquisitions, brokerage services, properties. Based in Troy, MI.
ContraVest, Inc. - contravest.cc
Residential real estate development and property management firm with multi-family rental properties in California, Arizona, the Carolinas, Colorado and Florida.
Kinsman Group - kinsmen.com.au
Australian company offering development, investment, project management, joint ventures, property management. Offices in Adelaide, Brisbane and Darwin.
Macquarie Goodman Group - macquariegoodman.com
Industrial property group with operations in Australia, New Zealand and Asia. Provides funds management, property development, project management. Features investment portfolio, company profile, news and investor relations.
Beacon Property Management - beaconpm.com
Listing of apartments and information on services from this management company offering construction supervision and brokerage services.
Property Management Systems
World Web Technologies - webrezpro.com
Offers internet based property management software.
Resort Data Processing Inc. - resortdata.com
Property management software for independent hotels, condominiums, and timeshare resorts. Internet reservations, guest history, marketing travel agents and front desk audit.
Hotel Travel Check - hoteltravelcheck.com
Developers of software which are useful for hotels management and frequent travelers. Other service includes hotel website hosting and reservation systems.
RSI International - rsiintl.com
Offers a web based property management system with integrated online reservations and a GDS interface.
Realta - realta.co.id
Provides hotel software which includes features like front office, point-of-sale, back office, booking and membership.
Autoclerk Inc - autoclerk.com
Developers of software which are useful for hotels management. The software includes interfaces like credit card processing, call accounting, POS and back office accounting.
Multi-Systems, Inc. - msisolutions.com
Developer of integrated property management, point-of-sale, wireless and ASP reporting solutions for hotels and management companies.
Promas - promas.com
Developers of rental property management software
Anand Systems Inc. - asifrontdesk.com
Developers of hotel software ASI frontdesk. Provides information about worldwide installations, manuals and software upgrades.
Northwind Maestro - maestropms.com
Supplier of property management and online booking solutions for hotels and conference venues.
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