A management company is a type of company that provides management services to other businesses or individuals. This can include managing finances, personnel, and other aspects of a business. For example, a property management company may be hired to manage a rental property on behalf of the owner.
Business management involves coordinating organizational activities to achieve its objectives and goals. This is done through functions such as planning, organizing, directing and controlling various aspects of operations, including finance, marketing and human resources.
Some basic examples of business management skills include managing the progress of a store by monitoring results, selling and marketing to clients, and controlling and preventing issues.
Key steps for Washington include: Obtaining a real estate broker's license from the Washington Department of Licensing. Forming a legal business entity and registering it with the Washington Secretary of State. Establishing policies and procedures for all property management activities.
How to find a property manager Ask for referrals from friends, family or your real estate agent. Check reviews online or with a state or local apartment association. Make a list of a few companies that may fit your needs. Compare the fees of each company. Check each company's licenses and certification.
With over 1.5 million members, NAR is the largest trade association in the United States. Residential and commercial brokers, salespeople, property managers and other real estate professionals belong to one or more of NAR's 1,200 local associations (boards).
1. Greystar Real Estate Partners. Greystar Real Estate Partners retained its position as the largest property management company, managing 726,826 units, an increase from 698,257 units in 2022.
Find out which companies made MHN's annual ranking of industry leaders. RankCompanyPortfolio Occupancy 1 Greystar 93.00% 2 RPM Living 93.00% 3 Willlow Bridge Property Co. (fka Lincoln Property Co.) 93.10% 4 Cushman & Wakefield 93.00%65 more rows •
The largest owner of apartments in the United States was Greystar, an international developer and manager headquartered in Charleston, SC. In 2024, Greystar owned nearly 109,000 units. MAA, a Tennessee-based real estate investment trust, ranked second, with 85,000 apartments owned.