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Property management is a process of supervising the operation and maintenance of real estate to achieve the owners' goals. Sometimes owners manage their own properties, especially small ones, especially when they occupy some space by themselves.

Property management is a process of predicting the operation and maintenance of the actual property and realizing the owner's purpose. Sometimes owners manage their own properties, especially small properties, or owners own some properties themselves.

However, for larger properties or properties where the owners live far away, the management is usually carried out by a paid property management company, which can be a single building rented for a long time. The tenant is responsible for maintaining the building, paying taxes and insurance, and mailing checks to the owners every month.

However, when the scale of the property is large or the owner is far away from the property, this management is usually done by hiring a property management manager, whether it is a personal building that is leased for a long time, maintained by the lessor, paid taxes and insurance, and paid a check to the landlord every month.

But over time, most residential, office, retail and many industrial properties provide services.

In the real estate industry, property management has long been an underestimated function.

However, with the passage of time, most residential, office, retail and many industrialized properties are providing venues and services. Property management is a long-neglected function in the real estate industry.

It was not until the Great Depression of 1930 that the demand for professional management became obvious, when a large number of foreclosures exposed the pattern of management defects. This negligence may seem strange, because managing a large commercial or residential project with hundreds or thousands of people living or working is a challenging task, which requires training, good judgment and various technical skills.

It was not until the 1930s that the need for specialized property management became obvious when numerous forced closures indicated a lack of management. This idea may be strange, because managing a large commercial or residential project with hundreds of people living or working is a very challenging job, which requires training, good judgment and various skills.

However, traditionally, the real estate industry has always focused on the permanent elements of investment-good location, construction and reasonable long-term financing-rather than the daily operation of real estate. Sometimes it seems like an owner who has invested heavily in permanent buildings and thinks that the property will run on its own with minimal supervision.

But traditionally, the real estate industry has always focused on those eternal factors, such as good investment lots, buildings and reasonable long-term returns, while the Ministry focuses on the daily management and operation of the industry. Sometimes it seems that an owner who makes a huge investment in this permanent building will think that the property will be managed by himself with the least supervision.

This concept of property management has changed a lot in the past ten years. In an era of rising costs, owners gradually realize that good property management is the main controllable influence on residual cash flow (that is, the amount of dollars that eventually enter the owner's pocket). It is true that rents and operating expenses are largely determined by market forces, which are beyond the control of any owner (see the sharp rise in energy costs in1970s).

This concept of property management has undergone great changes in the past ten years. In an era of rising costs, good property management is the main controllable influence on the residual cash flow (for example, the money put in the owner's pocket). In fact, rents and management fees are largely influenced by constant forces beyond the control of any owner (for example, the sharp rise in energy costs in the 1970s).

But it is also true that comparable properties in the same geographical area often show significant differences in rental income and operating costs. Why? Careful inspection often reveals that "above average" operating expenses and below average rent levels are caused by improper property management.

However, comparable properties in the same area often have differences in rental income and management costs. Why? Careful observation shows that "above average" management fees and "below average" rent levels are both caused by the lack of property management.

The typical mistake of stock and bond investors entering the real estate market is to underestimate the importance of management. Some investors have a feeling of real estate self-management.

The classic misunderstanding of stock and securities investors has been transferred to the real estate industry, including underestimating management. Some investors feel that real estate will manage itself.