The property management is often confused with the caretaker . However, the caretaker is only an employee or service provider of the property management and mainly provides tradesman services.
However, there are also many private owners portugal rcs data who take on the administrative tasks of property management themselves - especially if there are only a few tenants. This saves them the costs of external management.
A property manager is a self-employed person who manages his or her own or other people’s rental properties.
If you own and rent out several properties , it is often advisable to hire a professional property management company. They are usually familiar with the real estate industry and have pre-defined processes for the efficient management of your rental properties. Especially if you use your properties as an investment and have another job full-time, you often don't have the time to look after each property and the needs of the tenants yourself.
In this case, you should consider whether the costs of an external property management company might be worth it: the more tenants you have to look after, the more worthwhile this project is. You can set out in a contract between the property management company and you as the owner exactly which tasks you assign to the company and who coordinates payment reminders, maintenance measures or communication with the tenants. If you feel confident, you can of course also take over the property management completely yourself.