We have a place back home where I am from that collect the rent for the home owner. acting as the landlord. They took a peice of it for doing it, and also oversaw the hiring and work if the place needed upkeep. What are these places called? For example, I buy a house but then move to ....California, thousands of miles away, but still want to keep the property, renting it out in my absence just I had done when i was there. In steps XYZ business to take care of it for me. What is this service called?
2007-02-02 14:19:21 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
They're called Property Management companies. For residential property, most larger real estate firms have a management division. All who serve your area should be able to mail fee schedules and a list of services. Having someone near the property and on standby 24/7 for emergencies if you're so far away is a good idea. The best way to find a property manager is through personal referral by a satisfied landlord or an agent you trust.
You might also be interested to know that many localities and insurers take a different view of managed versus unmanaged property these days what with liability, mold, lead paint, and so on being fertile ground for litigation.
2007-02-02 17:16:16 · answer #1 · answered by njc_flhtc 4 · 0⤊ 0⤋
I don't know what it's called, but many real estate agents could direct u to such agencies. Also, many experienced real estate agents or property managers could do that service for you for a monthly fee.
2007-02-02 22:26:01 · answer #2 · answered by Muga Wa Kabbz 5 · 0⤊ 0⤋
you want a property management company. a lot of realtors are connected with this type of operation.
2007-02-03 00:21:19 · answer #3 · answered by njyogibear 7 · 0⤊ 0⤋