Residential property management services on a fee or contract basis except of time-share ownership properties
CPC v2.1 Code: 72211
About residential property management services on a fee or contract basis except of time-share ownership properties
cpc code 72211 covers the provision of residential property management services on a fee or contract basis, excluding time-share ownership properties. This industry plays a crucial role in the broader real estate and property management sector, ensuring the efficient and effective operation of residential properties on behalf of property owners. By outsourcing property management tasks, owners can focus on other aspects of their investment while maintaining the value and condition of their assets.
Production process
Residential property management services under cpc code 72211 typically involve a range of activities, including tenant screening and selection, rent collection, maintenance and repair coordination, financial accounting, and regulatory compliance. Property managers utilize a combination of administrative, organizational, and communication skills to oversee the day-to-day operations of the properties under their management.
Production inputs
The key inputs required for this industry include skilled property management personnel, administrative support staff, access to property maintenance and repair services, and technological tools for efficient property management, such as property management software and accounting systems. Additionally, property managers may require access to financial resources to handle tenant deposits, rent payments, and property-related expenses on behalf of the owners.
Production outputs
The primary output of the residential property management services industry under cpc code 72211 is the effective and efficient management of residential properties on behalf of owners. This industry's services are consumed by 68100 Real estate activities and 68201 Renting and operating of own or leased residential real estate, as well as individual property owners who seek professional management of their residential assets.
Family tree for residential property management services on a fee or contract basis except of time-share ownership properties
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>"]
D --> E["<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 --> F["<a href='/classifications/cpc/v2-1/72212'>72212: Non-residential property management services on a fee or contract basis</a>"]
D --> G["<a href='/classifications/cpc/v2-1/72213'>72213: Time-share property management services on a fee or contract basis</a>"]
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