Functions of Real Estate Management

Learn of the different real property management functions including property maintenance, purchase, sale, lease contract and more.

A competent real estate manager adds significant value to your property. A property manager basically oversees your property. It handles all the work that needs to be done by the landlord who rents out a property.

Functions of Real Estate Management

There are six main functions in managing real estate. lists these are as follow:


Each state has its own building codes. Those in property management knows all the laws that you have to comply with. He follows them. A company always ensures that your properties are inspected as required by the law. It also ensures compliance with safety standards set by the state.


Property management is one of the most important things that managers do. It is important because it helps to keep the tenants happy at all times. When a manager is in charge of your property, the maintenance cost can be much lower. There must however be proper  procedures in place to guide the operations. This maintenance agreement sample sets out some of the procedures that should be followed.


Malicious renters will not be able to do things that will destroy the value of your property when it is in the care of a property managers. This is because an independent eye keenly watch the properties they are managing. The manager supervises the rental agreements. These can be month-to-month rental and some periodic tenancy. He keeps a keen eye on them. This ensures that your property remains in a reasonably good condition. It also makes sure there is timely payment of rent.


Keeping documents up-to-date for a rental business is important. The landlord can have difficulty keeping these current, is he is busy with other things. A real property manager always ensures that all lease/rental agreements are up-to-date. This lease agreement sample shows what can be agreed upon between landlord and tenant.


If you are planning to sell your property, a property manager can prepare it for the market on your behalf. This will make it easier for you to find a buyer within a short period of time when selling house.


A real property management company helps you find a suitable property to buy. They assist with the purchase also. Their service helps you get value for money when buying house.

Useful Links for property management:

Get a real property management kitKit from amazon to learn more about the topic.

With extensive experience in local real estate market, we have access to the city’s best property listings. Whether it is a beach condo, sea view home, mountain breeze area or city area, we will find you the best deals in Thailand property market. Buy Pranburi resale houses, seaview condos & beach villas for sale by top estate agents in Thailand. We offer an online guide to Hua Hin and the area covering all aspects of visiting and living in Hua Hin including hotels, ideally located in beachfront surrounded by lush tropical gardens. Resort & Spa with a range of luxurious comfort in Thailand.

I know of dozens of families that have used real estate investors and they all have different stories. What it really comes down to is finding a trusted home buyer that is willing to give you a good deal for your house. Keypoint Solutions is one of the better ones in the Indianapolis, Indiana area.
Display of effective real property management functions