What is property management?

Property management is the process that lets you manage your acquired property. This process can also be used to operate commercial, industrial or residential real estate. A good property management company will help you to manage your property in a better way. You can get a reliable tenant and arm yourself with the knowledge of the latest landlord-tenant laws. This will keep you far away from potential law suit. A good property management company involves a time-tested tenant retention policy which ensures a long-term bond with the tenant. You don't need to deal with tenants who wreck your property. The property management company will take care of those tenants.