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BMS Controls Glossary

Property Management

Property Management: The art and science of effectively managing and maintaining the physical aspects of a property, including utilities, infrastructure, grounds, and safety. It involves a wide range of activities from budget planning and contract negotiations to tenant management and maintenance oversight. Property Management requires an organized approach to facilitate smooth operations and ensure quality service levels for tenants. Through effective Property Management, landlords can improve the value of their assets and maximize their return on investment.