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PROPERTY MANAGEMENT#1
The operation, control, and oversight of real estate properties, ensuring they are well-maintained and profitable.
TENANT RELATIONS#2
The interactions and communications between property managers and tenants, focusing on satisfaction and conflict resolution.
BUDGETING#3
The process of creating a financial plan that outlines expected income and expenses for property management.
MARKETING STRATEGIES#4
Techniques used to promote properties and attract potential tenants, including online and offline methods.
LEGAL CONSIDERATIONS#5
Understanding laws and regulations that govern property management, including tenant rights and lease agreements.
LEASE AGREEMENT#6
A legal contract between a landlord and tenant outlining the terms of rental, including duration and responsibilities.
TENANT RIGHTS#7
Legal entitlements of tenants regarding their living conditions, privacy, and security in rental properties.
PROPERTY MAINTENANCE#8
Routine tasks necessary to keep a property in good condition, ensuring tenant satisfaction and compliance.
REVENUE GENERATION#9
Strategies to increase income from property, such as rent increases or additional services.
EXPENSE FORECASTING#10
Estimating future costs associated with property management to create accurate budgets.
CONFLICT RESOLUTION#11
Methods and strategies used to resolve disputes between tenants and property managers effectively.
MARKET RESEARCH#12
The process of gathering information about property demand, competition, and tenant preferences.
PROMOTIONAL MATERIALS#13
Marketing tools such as brochures, flyers, and online ads used to attract potential tenants.
CASH FLOW STATEMENT#14
A financial document that summarizes the inflow and outflow of cash within a property management context.
ETHICAL PRACTICES#15
Standards of conduct that ensure fairness, transparency, and respect in property management.
COMMUNICATION SYSTEMS#16
Tools and methods used to facilitate effective communication between property managers and tenants.
CONTINGENCY PLANNING#17
Preparing for unexpected expenses or emergencies in property management.
EXECUTIVE SUMMARY#18
A concise overview of a property management plan, summarizing key points and strategies.
FEEDBACK SYSTEMS#19
Mechanisms for collecting tenant feedback to improve services and satisfaction.
SOCIAL MEDIA MARKETING#20
Using social media platforms to promote properties and engage with potential tenants.
PROPERTY PROMOTION#21
Activities aimed at increasing visibility and attractiveness of a property to prospective tenants.
RENTAL MARKET ANALYSIS#22
Evaluating local rental markets to set competitive pricing and understand tenant demographics.
PROPERTY OWNER#23
An individual or entity that owns real estate and is responsible for its management.
TENANT SATISFACTION#24
The level of contentment tenants feel regarding their living conditions and management services.
REAL ESTATE AGENT#25
A licensed professional who facilitates property transactions and may assist in property management.