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Property is often cared for by people other than those who own it. In many cases, property management firms are hired to do the work. These are companies that assume responsibilities for tasks such as property maintenance, enforcing property regulations, and collecting payments from homeowners or renters.

Some property owners possess numerous properties, some of which are quite large. Others may not live near the property that they own. There are several reasons why property owners may employ property management firms. In any case, the decision to hire such a company is usually done to relieve the property owner of the burden of day-to-day operations.

Property management firms can be employed to handle the affairs of commercial or residential properties. Where residential properties are concerned, the property management firms that are hired are often real estate agencies. When this is the case, the hired company can perform duties such as selling plots and collecting rents or other payments.

Written By: Felicia Dye on WiseGEEK

Carnahan Property Management services Woodland Hills,West Hills, Calabasas, Canoga Park, Tarzana, Reseda, Topanga, Encino, Northridge, Van Nuys,North Hills,Chatsworth, Sherman Oaks, Studio City, North Hollywood, West Hollywood, San Fernando, Granada Hills, Mission Hills, Simi Valley, West Lake Village, Agoura,Toluca Lake, Valley Village, Burbank

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