Third-Party Property Management

Third-party property management refers to hiring an external company or professional to oversee and manage real estate properties on behalf of the owner. This can include tasks like collecting rent, handling maintenance issues, and ensuring compliance with laws. Property management companies aim to maintain the property’s value and attractiveness to tenants while relieving owners of day-to-day responsibilities. This service is often used by landlords with multiple properties or those who prefer to invest in real estate without being directly involved in its management.