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Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition.
A property manager or estate manager is a person or firm charged with operating a real estate property for a fee. The property may be individual title owned or owned under the sectional title, share block company owned, and may be registered for residential, commercial office, and retail or industrial use.
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
The Institute of Real Estate Management has different tiers of membership. The organization issues different credentials, including: Certified Property Manager (CPM), Accredited Residential Manager (ARM) Accredited Commercial Manager (ACoM), or Accredited Management Organization (AMO).
JRK Property Holdings is a Los Angeles based real estate holding and property management company. In 2014, JRK was the 15th largest apartment owner in the United States as ranked by the National Multi Housing Council.
In the 1990s, it expanded into various other residential service franchises, in part through its subsidiary The Franchise Company (later renamed FirstService Brands). [3] In 1996, it expanded into the residential property management business with the acquisition of two Florida property-management firms. [2]