Property management is a service with a long history and an approach as varied as the rental properties these companies oversee. The simple definition is in the name, property management is foremost the act of managing a property for someone else. While this usually means leasing, maintaining, and operating the property, there are differences between property managers both across geographies and even within specific markets.
To pull the curtain back on the inner workings of property management companies, we’ve done our research. We learned everything we could about property management, interviewed over a dozen property managers with portfolios ranging from a few dozen properties to 10s of thousands. Spoke to investors that loved what property management companies offered them and those that thought it was a waste of their time. We combed through statements, contracts, and reviews to come up with what we know is the most in-depth, insightful, and comprehensive guide to professional property management for investors.