What are the primary responsibilities of real estate management?

Processes for commercial and residential units management

Department contracts

financial management

Billing and service charges

Asset Protection

Communicate with customers and tenants

• Handle financial operations of the property.
• Collect rent.
• Send out notices if rent is delinquent.
• Prepare and maintain financial statements.
• Update owners on status of property.
• Inform owners about occupancy rates, expiration dates of leases, and other issues.
• Advise owners on how much to charge for rent.
• Collect association and/or HOA fees.
• Pay for services such as playgrounds and swimming pools.
• Negotiate contracts for janitorial, security, landscaping, trash removal, and other services.

Thanks for the invite, I apologize for the answer, I do not know, I leave the answer to the specialists.

Thanks for invitation

I am apologies to answer this question because it's not my specialist field 

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In real estate property management, the property manager or management company has four major areas of responsibility:

• Marketing and Financial
• Tenant and Occupancy
• Facility
• Administration & Risk Management