What is the difference between property management and facilities management?
I need detailed information and useful links please. I searched the internet but couldnt find more than definitions on wikipedia
- JoscastaLv 61 decade agoFavorite Answer
Property management deals with the renters.. finding prospects and filling in vacancies.
Facilities management deals with the building, making sure the heat/water is working and any problems with the physical property.
- Anonymous5 years ago
The two occupations are not related. An asset manager is generally a person who manages other peoples money by allocating it into different investment vehicles. These may include real estate, stocks, bonds, cash, or even gold. A facility manager manages a building. You would be in charge of maintenance, house keeping, HVAC, security, and the general operations of a building.
- Ed AtunLv 71 decade ago
There is no legal difference. In everyday usage, a property manager collects the rent for the landlord. A facility manager does the maintenance. So one building might have both positions.
Some property managers order repairs. Some facility managers collect rent..
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