Property Management involves monitoring and overseeing the daily operations of property holdings.
This involves the implementation of processes and systems required to manage acquired property holdings (i.e. control, rent collection, maintenance) and also includes exploitation of opportunities to improve capital and rental values and reduce property overheads.
Overseeing the daily operations of property holdings involves the implementation of processes and systems required to:
- Collect rent
- Cease renewals and reviews
- Maintenance reviews and repairs
- Update reports for properties on their managed interests
- Enforcement of the lease