RE-160 Chapter Notes - Chapter 19: Asset Management, Income Property, Personal Property

• School: Diablo Valley College
• Department: Business Accounting/Management/Marketing/Real Estate
• Course: RE-160
• Professor: Langager

Document Summary

Chapter 19: property management - part 1: the manager"s role, agreement, and. A property manager is responsible for leasing, managing, marketing, and maintaining an owner"s property. You may want to live rent free. Or, when your income increases, you may consider investing in real estate. Or, you may consider a career in property management. Whether you manage your own properties, choose a career in management, or hire a company to manage your properties . Act as an agent for the property owner. To achieve the highest return for the owner. A property manager is also a people manager and relationships are important, especially when dealing with tenants frustration"s regarding parking, other tenants, etc. Help set rental rates // negotiate and sign leases // collect rent and deposits // power to spend money (limits set)// authority to hire and fire. Comply with housing laws and fiduciary responsibilities //