Please help residential property investment nz it or discuss these issues on the talk page. The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. This article needs additional citations for verification. Property management is the operation, control, and oversight of real estate as used in its most broad terms.
Management indicates a need to be cared for, monitored and accountability given for its useful life and condition. This is much akin to the role of management in any business. Property management is also the management of personal property, equipment, tooling, and physical capital assets that are acquired and used to build, repair, and maintain end item deliverables. There are many facets to this profession, including managing the accounts and finances of the real estate properties, and participating in or initiating litigation with tenants, contractors and insurance agencies. Litigation is at times considered a separate function, set aside for trained attorneys.