Property management and real estate are two separate industries with some overlap. Unfortunately, to the outsider, these are confused and lumped together. This mix up often causes potential property managers to forgo a career in that business because of the instability in the housing market.
While both businesses deal with housing, that’s where the similarities mostly end.
Key differences between the two are:
- The real estate industry deals with listings and selling of properties on behalf of property owners, while property management deals with all management aspects of the property on behalf of the property owner including maintenance, repairs, tenant issues and more.
- Real estate is a transactional business versus property management, which is a contractual business. The property manager and property owner enter into a contract where a percentage of the rent collected is paid to the property manager in exchange for management services.
- Most importantly, the property management industry remains a vibrant and thriving business, while the real estate market is often up and down. When the real estate market is in a slump, many property owners will turn to property managers to rent out their homes until the housing market bounces back.
At Scott Properties, our number one priority is to provide the highest level of service possible in the property management industry. We aren’t real estate agents doing property management as a secondary business. We focus 100 percent of our time and effort on property management, offering a full-time, full-service property management system specializing in middle to upper-end residential homes.
Whether our property owners own one home or multiple properties, we take the stress out of being an effective property manager. Because of our dedicated support, maximized the efficiency, effectiveness and the growth of our business, which ultimately allowed us to expand our business and have multiple property management locations.
To learn more on how you can benefit from the Property Management Services we offer, you can visit our website at www.ScottPropertiesSC.com or www.ScottRentsCharleston.com.
