Apartment property management is considered the managing of a multi-unit rental property plus the residents or tenants that occupy the idea. These properties can range from small multi-unit buildings to substantial complexes housing hundred of residents. Residential property management is a more industry used term and can include the managing of single-family homes and also apartment complexes.
The good news is you can enjoy the many financial benefits of owning most of these properties but not live through the managerial responsibilities of managing these people. Some apartment building investors though may decide to take on certain responsibilities themselves. This is the best way to educate yourself, learn from real life experience the in?s and out?s in the real estate investing business as well as save some money. That being explained, we highly recommend acquiring legal advice or counsel should you be unfamiliar with landlord/tenant and fair housing laws as part of your state and at the federal amount.
Source: http://www.redevelopvalue.com/house-property-management/
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