Property Management

Property management is the ownership and supervision of real estate, whether residential, industrial or commercial. Ask questions about property management skills and laws here.

674 Questions
Real Estate
Real Estate Investing
Property Management

How do you abandon real estate property?

You leave the property and stop paying the mortgage and taxes. However, be advised that your debts regarding the property will keep accruing. If there is an outstanding mortgage the lender will go after you for the amount you owe and legal costs if it forecloses. If you fail to pay your property taxes the town may eventually take possession of the property and sell it.

While the property is in your name you have liability issues.

111213
Hotel Chains
Property Management

What are the Disadvantage of property management system for guest?

No known risk.

111213
Small Business and Entrepreneurship
1500 Meter run
Luxury Hotels
Property Management

How many employees does it take to run a hotel?

The amount of staff engaged in hotel activity largely depends on the status of the hotel. According to the recommendations of the World Tourist Organization, the optimum number of staff per 10 rooms in a three star hotel is 8 people, in a four star hotel it is 12 people and in a five star hotel it is 20 people.

151617
Academic Writing
Property Management

What is correct property consultants or properties consultants?

10 consultants become property consultants.

if there are 6 different sites and they handle:

if there are 4 different types of consultants [leasing, parking,

capital equipment, maintenance] they are

property's consultants.

91011
Law & Legal Issues
Co-signing
Property Management

Will you be evicted if your cosigner dies?

Probably not - especially if you've been living there long enough to have established your own credit history with your landlord.

Of course, if it was your co-signer who had been paying most of your rent, and you are unable to do so on your own, then there is a good possibility that unless you get another co-signer that they may evict you as a bad payment risk.

91011
Property Management

What do soda mean in property management?

Statement Of Deposit Account

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Property Management

Who regulates property management companies?

In most states, property management companies are unregulated, unlicensed and often unmonitored.

101112
Book Reports
Commercial Insurance
Property Management

Do you write subheadings in a report?

i think so..

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Real Estate
Real Estate Leasing
Property Management

What is the difference between Responsible and accountable?

I have been researching the proper usage for responsible and accountable. Although both appear interchangeable, I'm finding that responsible works better to describe a pre-event and accountable is best used post- event. Also similar to the difference between less and fewer; responsible tends to be used in a general sense where accountable is more measurable.

91011
Property Management

Explain the benefits of using property management system with reference to the guests?

From this system - you will get perfect data regarding clients, staff, property - bungalows, plots, projects etc

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Business and Industry
Real Estate Buying and Selling
Property Management

What does liaising mean?

1. the contact or connection maintained by communications between units of the armed forces or of any other organization in order to ensure concerted action, cooperation, etc. 2. a person who initiates and maintains such a contact or connection. 3. an illicit sexual relationship. 4. Cookery. the process of thickening sauces, soups, etc., as by the addition of eggs, cream, butter, or flour. 5. Phonetics. a speech-sound redistribution, occurring esp. in French, in which an otherwise silent final consonant is articulated as the initial sound of a following syllable that begins with a vowel or with a silent h.

234
Management and Supervision
Property Management

What is the difference between property management and facilities management?

Ask Keith Cattell, he knows

property management means keeping the owners up to date on
tenancy activities.

facilities management focuses on the AC/heating/water/sewer systems
and security.

For industrial and commercial property, property managers HIRE
facility management staff.
345
Property Management

Can you pay for a building permit if you a renter?

You need to clarify your question. Are you a renter who wishes to build or extend on the property you are renting? If so you first need permission from the owner/realtor, then if you are planning on building you need to submit plans to your local council to be approved and then you have to have a qualified builder to build it then it needs to be approved after completion by a building inspector...Hope I have helped Oh and it would most likely have to be the owner of the property who submits the proposed plans :) no just a 12x16 Portable storage shed

789
Property Management

Where do you sell your timeshare?

There are quite a few places or boards where you can sell your timeshare; you want to find one where there are a lot of people. The more people there are, the better deal you will get. If you find a board that isn't too populated chances are it's going to take a long time to sell, if at all - and if it does you won't really get a good deal.

789
Property Management

Are hotels independently owned?

there are only three types;

chains [Hyatt and Motel 6 for example]

and independent.......where there could be a corporation

that owns 1 or 101 but they are not owned by separate franchise

buyers............

and franchise.........with a single person [most often] owning a

"branded" hotel

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Property Management

How many short-term vacation rental condos are there in the US?

skip the adjective "short term" and you can determine this answer.

Figure 1 condo per 100 houses. But if you must, go to recreation

areas like Florida and Hawaii and perhaps 15% are time shared.

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Property Management

Does Bovis Lend Lease offer property management services?

I do not believe Bovis Lend Lease does property management services. I believe they only do construction management services. Looks like after it is built you are on your own.

789
Property Management

Do you have to sign a promissory note from an apartment complex?

if you owe them money and they accept this IN LIEU of evicting you, yes.

789
Property Management

What are the benefits of using property management software?

Good property management software should help you track vacancies, receive and send payments electronically, generate standard forms for letter and emails, and file tax information.

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Painting and Staining
Business and Industry
Property Management

How often should you paint a building?

Only as often as it needs to be. If the previous painter used premium paint on well primed surfaces it may last 16-20 years.

789
Home Buying
Property Management

What is the best property management company in Pasadena California?

Beven & Brock Property Management

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Homeowner's Insurance
Liability Insurance
Property Management

Who is responsible for premises liability the homeowner or property management company?

property owner

789
Bankruptcy Law
Liens
Property Management

Can a property management company file bankruptcy?

Sure.

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Apartments and Home Rentals
Property Management

How do you find a reliable property management company?

Well, it's really hard to obtain a dependable property management company with total dedication. And then browse online & find all the local listing of property management company and notice all the details also. May be this will help you to find a right alternative for purchasing any real estate property.

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Real Estate
Definitions
Property Management

What is property management?

http://www.porterbrauen.com">Property management involves the management of property owned by another entity. The property manager's goal is to maintain and preserve the value of the property while generating income. They maintain the grounds, arrange for repairs when needed, pay municipal services, collect rent, evict tenants when necessary, secure tenants, perform routine cleaning, generally monitor the status of the property and make sure the property complies with laws.

1) Maintain complete accounting records for each property

2) Track tenants, association owners, charges and payments

3) Give property owners and board members online access

4) Receive maintenance requests

5) Accept and issue electronic payments

6) Give residents online account access

7) Give online access to your property management team

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