"Property management is the operation, control, and oversight of real estate as used in its most broad terms. Management indicates a need to be" cared for, monitored and accountability given for its useful life and condition.
Community Association Management... The management and administration of common interest communities or developments (also called CIDs), which are generally town-homes, condominiums, homeowner associations or cooperatives. This is much akin to the role of management in any business.
Property management is also the management of personal property, equipment, tooling and physical capital assets that are acquired and used to build, repair and maintain end item deliverable's. Property management involves the processes, systems and manpower required to manage the life cycle of all acquired property as defined above including acquisition, control, accountability, responsibility, maintenance, utilization and disposition".
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