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Understanding the Three Main Types of Property Management

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Property management is an essential service for real estate investors and community associations, ensuring that properties are well-maintained, tenants are satisfied, and legal and financial responsibilities are met. While the overarching goal of property management is to oversee and coordinate the day-to-day operations of real estate assets, the field is divided into three main branches: regular rental management, community association management, and short-term rental management. Each type caters to specific needs and involves unique challenges and responsibilities. 1. Regular Rental Management Regular rental management, also known as residential or commercial property management, focuses on managing properties that are leased to...
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