What are five functional Areas of Property Management?

A property manager is a third party hired by a landlord or property investor to manage the day to day operations at a rental property, and their exact responsibilities will change based on the property they are managing, the amount they are getting paid, and the terms of the management contract.

Procurement, or purchasing, plays an essential role in all businesses. An audit revision that the procurement process to reduce fraud and offer suggestions for improvement. The purchasing department is accountable for securing all the resources needed by the company.