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Property Management Terms

With a tough housing market, many property owners are turning to property management firms or real estate agencies rather than selling their residential or commercial building. With a property management company or agent, you can rent or lease your building from afar while a professional remains responsible for daily landlord duties. If you're considering this option for your property, familiarize yourself with the following terms first.

  • Lease - If you lease your property, rather than rent it, this gives the tenant the option of using those monthly payments toward the purchase of the home. These agreements can be may allow you to cancel and some may not.
  • Market rate - The market rate is the rent amount that your management company will determine for your property based on current rates. It's calculated based on similarly sized and assessed properties that are currently renting in that area.
  • Asset - Your property is considered a fixed asset, and if you're renting the apartment, house, or condo furnished, those are movable assets. The total of these assets is used to help determine your market rate.
  • Rent schedule - When you prepare your rental agreement with your property managing professional, he or she will help you create a rent schedule. This will allow you to increase your rent over time to allow for appreciation or inflation.
  • Fair Housing Act - There are many legal issues to consider when considering a real estate agent or management agency for your building. However, one of the most important is this act, which prevents you from discriminating against any tenant based on socioeconomic status, age, religion, race, or sexual orientation.
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    Property Management Profile
    Waterbury, CT 06704
    Mulberry Real Estate Management Resource. An affordable, professional alternative resource for all your property management service needs. We list all national & local Property Management Companies in Mulberry within our nationwide property management directory. Mulberry Real Estate Management.
     
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    At Home Real Estate Services of Southwest MO
    520 W University St Ste E, Springfield, MO 65807
    Do you have a rental property but don't have the time to management it correctly? We provide the area with quality property management services. We also help potential renters find their perfect new home or apartment.
    (417) 832-0885
    Kelly Greens Apartments
    4355 S National Ave, Springfield, MO 65810
    (1) Review Write a review
    (417) 887-1200
     
    User Review: "We thought this would be a great place to live when we first saw the floor plan and grounds. After living there for a..."
    Wilhoit Properties Inc
    1730 E Republic Rd Ste F, Springfield, MO 65804
    Wilhoit Properties, Inc., headquartered in Springfield MO, is the leading housing provider in the Midwest. We're dedicated to safe, clean, amenity-rich, accessible and affordable housing for all ages.
    (417) 883-1632
    Mullis Construction
    504 S Broadway St, Franklin, KS 66735
    (620) 249-6922
    Somerset Village Apartments
    101 Somerset Dr, Frontenac, KS 66763
    (620) 231-5670
    Conner Realty
    104 W 4th St, Pittsburg, KS 66762
    (620) 231-7040
    Maple Tree Apartments
    613 W Saint John St, Girard, KS 66743
    (620) 724-8382
    Rental Management
    615 S Broadway St Ste A, Pittsburg, KS 66762
    (620) 231-9503
    Summerfield Apartments
    2609 S Springdale St, Pittsburg, KS 66762
    (620) 231-5656
    Summerfield Apartments
    2601 S Springdale St Apt 104, Pittsburg, KS 66762
    (620) 231-5656
    Pittsburg Board of Realtors
    408 N Locust St, Pittsburg, KS 66762
    (620) 231-7509
    Stilwell Apartments
    707 N Broadway St, Pittsburg, KS 66762
    (620) 232-3707
    Rouse Development LLC
    1904 S Rouse St, Pittsburg, KS 66762
    (620) 875-3730
    Century 21
    4019 Parkview Dr, Pittsburg, KS 66762
    (620) 231-8025
    Lamar Plaza Apartments
    600 E 20th St, Lamar, MO 64759
    (417) 682-2670


    If you’ve ever rented a home or office, chances are you’ve dealt with a property manager. This person is responsible for building and land maintenance. If you lease your property from a residential company, they are responsible for providing you with this service. Whether you live in a housing development, condo or apartment, most of these will offer you grounds services. It is in the best interest of the owner to hire a property manager, because they can make sure the tenants properly care for their accommodations. It is better for the company to offer professional services, such as pipe repair and landscaping, so that they don’t lose money on the real estate if the tenants don’t take care of their home or property. There are also property managers for other types real estate. Commercial and industrial spaces also hire someone to be responsible for the grounds. From software companies to legal firms, companies want to make sure their clients are visiting a well maintained space. These properties are large assets to their organizations, so they must always be in top shape. If you rent a home, building or lease an office space, you should check to see what the maintenance policy is before signing a contract. Most places have these services included in the rent, but many often will charge extra. There are also some properties that don’t offer these services at all. In these cases you will be responsible for maintaining the grounds yourself. Having a property manager is a valuable service, and it’s a service you should look for when deciding on a space for your specific needs.
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