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Real Estate vocabulary · Property Management

Property management

Meaning in real estate, with examples

nounCore term

In real estate, property management means: The day-to-day running of a property on behalf of its owner, including finding tenants, collecting rent, arranging repairs and dealing with problems.

In Turkish: mülk yönetimi, gayrimenkul yönetimi

How it is used

Often done by a specialist company for a monthly fee, typically a percentage of the rent. Owners who live abroad or own many units commonly hand over property management. Typical job titles are property manager and portfolio manager.

Example sentences

  1. Our property management fee is 8% of the monthly rent.

  2. She runs a property management company that looks after more than 200 flats.

Common collocations

  • property management company
  • property management fee
  • full property management
  • residential property management
  • property managerA person or company paid by an owner to run a property day to day, from finding tenants and collecting rent to organising repairs.
  • maintenanceThe regular work needed to keep a building and its systems in good condition, such as fixing leaks, servicing the boiler and repainting.
  • vacancy rateThe share of units in a building, portfolio or market that are empty and not rented at a given time, shown as a percentage.
  • landlordA person or company that owns a property and rents it out to someone else in return for regular payments.
  • homeowners associationAn organisation that manages a housing development or apartment building, sets its rules and collects regular fees from the owners.

More terms: Property Management

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