Tip of the Month - May 2005


Source: Property Management Handbook

A Practical Guide to Real Estate Management

Edited by Robert F. Cushman & Neal I. Rodin (a Wiley Series)

The primary function of the Property Manager is to insure that investment real estate produces the highest level of return for its investors without jeopardizing the security of the investment. Initially, management seeks to replace chaos with order and control. Successful programs have been established along four primary areas: educating the tenant, collecting the rents, insuring occupancy, and public relations and promotion.

Regardless of whether the property is commercial or residential, these four primary areas are essential starting points to the successful turn around of all types of investment real estate.

(Educating the tenant to follow as Tip of the Month for June 2005)

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This web page was updated on 04/27/05.