An Inside Look: A Property Managers Perspective
Gary Miecke has been active
in the Wilshire Center and
surrounding areas as
a businessman, property manager,
contractor and property owner
for over two decades.
Gary G. Miecke
During the Depression, hundreds of lending institutions including banks and savings and loans were foreclosing on real estate properties. The numbers were too large for their existing staff to handle and in reality, the staff had no prior experience which prepared them to cope with the demands of such enormous real estate portfolios. This was the time and also the opportunity for the evolution of the profession. As a result, real estate investors and brokers began to specialize in the little known field of property management
With the passing of six decades, the industry has grown by leaps and bounds into professional companies throughout the world. These companies provide all facets of professional services for office buildings, apartment units, business parks, medical facilities and for most real estate properties.
basic objective of a property management
company is service, a very
specialized service designed to relieve
the investor/owner of all the administrative
burdens of their property while providing
the optimum income and benefits over the
greatest period of time.
property manager becomes a juggler
responsible for maintaining the appropriate
and necessary balance of all the components
required to keep the owner and their tenants
satisfied and to preserve and improve
the value of the property left in his
or her charge.