A property manager is a person or company that is hired to oversee the daily operations of a real estate unit. Property owners and investors often hire property managers when they don't want or can't manage properties on their own. Property managers offer an ideal solution for investors who don't live near their rental properties or simply don't like dealing with tenants, bathrooms, etc. Less common are vacancy rates or a charge to the landlord for maintaining unrented units or properties.
This type of property manager manages residential properties where a tenant can choose to live for the long term. There are also some states where you must have some other specialized certification before you can legally manage properties. This allows a real estate investor to focus on investing in quality properties instead of managing the property portfolio they currently own. The industrial revolution and subsequent urbanization led to increased demand for property management services as the number of residential and commercial properties grew. As a commercial property manager, you would oversee many different types of non-residential properties.
