Real Estate managers administer income-producing commercial and residential properties and manage the communal property and services of condominium and community associations. Real estate managers plan and direct the purchase, development, and disposal of real estate for businesses.

Most of the real estate managers work in the field of property management. When owners of apartments, office buildings, retail and industrial properties, or condos lack the time or expertise to assume the day- to-day management of their real estate investments, they often hire a real estate manager.

Most real estate managers handle several properties simultaneously. Real Estate managers act as the owners' agent and adviser for the property. They market vacant space to prospective tenants, through the use of a leasing agent, advertising, or by other means, and establish rental rates in accordance with prevailing local conditions.
Some of the real estate managers are employed by businesses to locate, acquire, and develop real estate needed for their operations and to dispose of property no longer suited to their uses. These real estate managers locate desirable sites for factories, retail stores, hotels and motels, and other business ventures and arrange to purchase or lease the property.

Real estate managers who work for land development companies acquire land and plan the construction of shopping centers, houses and apartments, office buildings, or industrial parks.

The concept of Real Estate Management is becoming all the more relevant in India today in the face of the booming real estate business in India. Real Estate transactions have been seeing a surge in India due to the ease of availability of loans by banks and the low interest rates.
 

~ Category editor Sakina Kadiwala. copyright data indianchild.com

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