Property Manager – Woodland Hills
Different Types of Residential Property Management
Typically, a residential property may consist of multi-unit rental properties, single family homes, or large apartment complexes with multiple housing units. Large apartment buildings can house several tenants and most rental real estate investors opt to invest in such types. Some apartments offer tenants basic amenities like swimming pool, gym and laundry units while others do not. Furthermore, one can have multi-unit rental properties which may be duplexes, triplexes or fourplexes. Many real estate investors buy one unit for them and choose to rent out the other for generating income.
The final category of residential real estate is the single family home variety.Ã?? This is a private property and can house only a single family unit. It is not attached to other buildings and is, very often, considered the easiest to manage.
It is essential that landlords and property owners/managers study the different types of properties when making a foray in the business of property management. This way; one can have a better understanding of the type of rental properties and how each one works. This can also help buyers make an informed choice and select one based on their abilities.
From: http://www.krsholdings.com/
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