Real Estate Management
Real estate includes real property consisting of the buildings and land on it, and its accompanying natural resources like water, plants or minerals; immovable property of the nature; a particular interest in it, buildings or houses in general. Real estate also includes personal real property held for sale by the owner, for which the income is obtained from the rents received; and fixed assets such as inventories, financial investments, and repossessed real estate. Real estate includes commercial real estate owned, managed, or leased by a person for the purpose of making profits by the sale, exchange, or leasing of the property.
Real estate includes immovable real property and residential real estate. Immovable real property is not fixed and can’t be repossessed except by order of a court. On the other hand, residential real estate can be repossessed if the homeowner is unable to continue to maintain the dwelling. Real estate also includes commercial real estate owned, managed or leased by a person for the purpose of making profits by the sale, exchange, or leasing of the property.
Real estate and property management companies are engaged in providing property management services to property owners. In order to become qualified for the management service, the property owners have to submit their case study to the property management company. The property management company in turn hires a team of expert property managers to conduct a detailed analysis of the case study and then recommends whether the property owners should obtain financing or not. A large number of real estate and property management companies provide their services to both residential and commercial property owners.