Buying, selling, and holding a property strictly depends on a person's personal preference because it can be time-consuming and requires a lot of effort on the part of both the parties. Despite the fact that property management comes with a lot of return on investments while being almost risk-free, there are still people who think that it is not worth the time and effort because this is the least liquid form of asset and requires a lot of time to turn it into hard cash.
On one hand, there are people who put in a lot of effort in order to liquidate their properties and invest a lot of time in doing so too, there are people on the other hand who believe in outsourcing the selling of their property. They hire realtors and offer them commissions in the sales deed in return for getting a suitable buyer for their properties. The book, Property Management, says that people hire property managers when it comes to buying and selling a large number of properties. Those property managers are responsible for designing sales contracts and deeds on behalf of both parties.
One of the most major factors that contribute to the real estate industry being so immensely profitable is that it is highly unregulated especially on the side of the client. There have been a lot of laws and regulations that were made to govern the behaviors of the real estate agents and they somehow manage to make it regulated too but there are less than none rules that have been incorporated to regulate the actions of the clients.
Author Bio:
Kami Zargari is the founder and broker of a full-service real estate company, Triumph Property Management, based in the center of Las Vegas. Triumph has 10 years of experience in dealing with local properties and a specialist concierge service team. The company was founded in 2006 and they used to deal with all aspects of residential real estate in Clark County of Vegas. He graduated from the University of Los Angeles and received the degree of BS in Psychobiology.
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