Property management services on a fee or contract basis
CPC v2.1 Code: 7221
About property management services on a fee or contract basis
cpc code 7221 covers the provision of property management services on a fee or contract basis. This industry plays a crucial role in the broader real estate and property services sector, ensuring the efficient and effective management of residential, commercial, and industrial properties on behalf of owners. Property management services are essential for maintaining the value, condition, and profitability of real estate assets, making this industry an integral part of the overall economy.
Production process
The key production techniques in the property management services industry involve the coordination of various activities related to the day-to-day operations of a property. This includes tasks such as rent collection, tenant screening and management, maintenance and repair coordination, financial reporting, and the implementation of property-specific policies and procedures. Property managers utilize a range of tools and technologies, such as property management software, to streamline these processes and ensure the smooth running of the properties under their care.
Production inputs
The main inputs required for the property management services industry include skilled personnel, such as property managers, maintenance workers, and administrative staff, as well as various office supplies and equipment. Additionally, property managers may require access to financial and legal resources, as well as industry-specific software and technology platforms to effectively manage the properties in their portfolio.
Production outputs
The primary output of the property management services industry is the provision of comprehensive property management solutions to real estate owners and investors. These services help to ensure the optimal performance and profitability of 53111 Lessors of Residential Buildings and Dwellings, 53112 (Lessors of Nonresidential Buildings (except Miniwarehouses)), and 53113 Lessors of Miniwarehouses and Self-Storage Units properties, among others.
Family tree for property management services on a fee or contract basis
graph LR
A["<a href='/classifications/cpc/v2-1/7'>7: Financial and related services; real estate services; and rental and leasing services</a>"]
A --> B["<a href='/classifications/cpc/v2-1/72'>72: Real estate services</a>"]
B --> C["<a href='/classifications/cpc/v2-1/722'>722: Real estate services on a fee or contract basis</a>"]
C --> D["<a href='/classifications/cpc/v2-1/7221'>7221: Property management services on a fee or contract basis</a>"]
C --> E["<a href='/classifications/cpc/v2-1/7222'>7222: Building sales on a fee or contract basis</a>"]
C --> F["<a href='/classifications/cpc/v2-1/7223'>7223: Land sales on a fee or contract basis</a>"]
C --> G["<a href='/classifications/cpc/v2-1/7224'>7224: Real estate appraisal services on a fee or contract basis</a>"]
D --> H["<a href='/classifications/cpc/v2-1/72211'>72211: Residential property management services on a fee or contract basis except of time-share ownership properties</a>"]
D --> I["<a href='/classifications/cpc/v2-1/72212'>72212: Non-residential property management services on a fee or contract basis</a>"]
D --> J["<a href='/classifications/cpc/v2-1/72213'>72213: Time-share property management services on a fee or contract basis</a>"]
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%% Apply classes
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class C level3
class D level4
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class F level4
class G level4
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class J level5
class D highlight
%% class A level1
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%% class D highlight