Property Management

Apartment property management is considered the managing of a multi-unit rental property and the residents or tenants that occupy it. These properties can range from small multi-unit buildings to very large complexes housing hundred of residents. Residential property management is a more industry used term and could include the managing of single-family homes as well as apartment complexes.
As you can imagine the managing of these types of properties can become quite complex and time consuming in comparison to managing a single-family house. Many owners of apartment buildings do not have the time, expertise or the desire to manage such on their own. In these cases, it is recommended to hire a qualified property management company that specializes in apartment property management.
Responsibilities of an Apartment Property Manager
Here are just a few apartment property management responsibilities that could be required of anyone managing an apartment building:

• Rent collection
• Showing available units to prospective tenants
• Credit and background checks
• Initiating lease contracts
• Monitoring and processing lease renewals
• Enforcing the rules of a lease contract
• Dealing with violators of a lease contract
• Handling an eviction from start to finish
• Mediator when feuds between tenants occur
• Utilities
• Grounds keeping
• Security and safety of premise
• All types of maintenance issues or repairs you could think of
• Knowledge of landlord/tenant law
• Knowledge of fair housing laws

Article Source: http://EzineArticles.com/2253905