What is important about real estate management?

real estate must be managed, in order to maintain the value of the investment.

Homeowners manage their own investments.

Apartment building owners hire property managers. Commercial buildings also require property managers.

Condominium, home owners associations and co-operative buildings hire association managers. Not only do association managers handle maintenance, they handle and guide finances, tenant turnover issues, owner assessments, legal issues, insurance coverage, state laws that govern common interest communities, and so forth.