How real estate investors handle rental properties varies on the type of properties invovled and the type of ownership.
What are the size and the scope of the properties. Is in one building with many units, a group of single family homes/duplexes, or a mix of type of properties.
Are the properties owned by a signle individual, a group of investors, or a corporation?
Typically if a single owner owns one or two properties, they may manage the property themselves. If you have a larger building, there typically will be a resident manager who will be repsonsible for the day to day needs of the tenants and building.
If there is a larger portfolio of properties, then the investor(s) would hire a managment company to deal with the day to day operations.
If a company owns the group of investment properties, they often will have a property managment department that will deal with the day to day operations.
The needs of managment of rental properties varies, and really depends on the scope and scale of the rental properties owned, and by the needs of the owner(s) invovled.
Hope this helps!
Alain Pinel Realtors