The terms “property management” and “real estate” are used interchangeably sometimes, which can be a source of confusion if you don’t know the differences between the two. Let’s take a look at what you might expect from a realtor or a property manager, and get an idea of which service is right for you.
What is Property Management?
Property management is devoted to producing the greatest possible net return from a property over its full economic life. The goal is to completely remove any concerns an owner has regarding his/her income property. It’s a contractual business that focuses on managing and maintaining a property on behalf of the owner, and property managers will act as the point-of-contact between owners and tenants. Property management is focused on the long game, taking charge of the day-to-day operations that go into the maintenance of a property. Their work can be divided into three different functions: 1) finding and servicing tenants, 2) bookkeeping/reporting, and 3) continual maintenance and repair of the property. For this, property managers are paid with a percentage of the monthly rent.
What is Real Estate?
While property management is contractual, real estate is transactional. It’s focused on the buying and selling of a property, with no expectation of long-term assistance. A realtor will work either with a seller marketing a property, or with a buyer looking to purchase a property. To that end, they play a significant role in the process. A realtor will help you stage and present your home to potential buyers, screening applicants and coordinating tours or open houses. For buyers, a realtor will take into account factors like budget as well as the buyer’s wants and needs in order to identify ideal properties, working with them through ensuring that the house is in the right school district, built to code, and more. A realtor only works with a seller or buyer until the final dotted line has been signed.
Why Choose America’s Finest Property Management?
America’s Finest Property Management, Inc. has over 30 years of experience in the commercial and residential property sales and property management arena with an emphasis on South Bay San Diego to include but not limited to South San Diego, Chula Vista, Bonita, National City, San Ysidro, Imperial Beach, Otay Mesa, Naval Base San Diego, Silver Strand, and Coronado, not to mention San Diego.
We are not just a property management company. We are a full-service real estate company. The properties we currently manage rage from 2 bedroom condominiums to 125,000 square foot multi-unit Commercial buildings.
Whether you are buying a home in San Diego, selling a home in San Diego or in need of Property Management Services in San Diego, America’s Finest Property Management can help.
We understand that getting your home ready to sell or shopping for your dream house can be quite the daunting task, but starting sooner rather than later with a licensed and experienced realtor will help make the process less stressful. Whether you’re a first-time homeowner or experienced with frequent moves, an experienced realtor like Hector M. Ruiz and America’s Finest Property Management can help the process run as smoothly as possible.
You can check out our Frequently Asked Questions about buying a home, selling a home and property management here.