Property Management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need of real estate to be cared for and monitored, with accountability for and attention to its useful life and condition considered.
Numerous assets are often located within a single property and this sometimes results in mis-matahces when the property register (often maintained by the valuer) is mapped to the asset register (often maintained by Engineers).
Examples of properties typcially containing many assets are:
Nearly all infrastructure assets depreciate over time, but properties often appreciate in value.