What is a "property management company"?

What is a "property management company"?

John Caliendo (Realtor) gives expert video advice on: What are the common reasons for buying a second home?; If I am buying a second home as a rental, what factors should I consider?; If I am buying a second home as a weekend getaway, what should I consider? and more...

A property management company is an entity that would look over your income property for you. In other words, income properties are oftentimes out of the domain of where the buyer may live. In other words, you may have a property out of state. So, instead of having to hop on a flight every other weekend to go check on a property, you hire a management company who does that for you.