In the United States, property management is typically handled by professional teams. These teams consist of property managers, maintenance staff, administrative personnel, and sometimes legal advisors. The primary reason for this is the complexity and regulatory environment surrounding property ownership and operation. According to the National Association of Realtors (NAR), approximately 60% of residential properties are professionally managed, indicating a significant reliance on professional expertise.

The need for professional property management arises from several factors. Firstly, managing a property involves navigating various legal and regulatory requirements, such as tenant laws, tax obligations, and safety codes. Professional teams are well-versed in these regulations, ensuring compliance and minimizing legal risks. For instance, the U.S. Department of Housing and Urban Development (HUD) enforces fair housing laws, and property managers must be knowledgeable about these to avoid discrimination claims.

Secondly, property management requires a significant time commitment. From marketing the property to handling tenant issues, maintaining the property, and managing finances, the workload can be overwhelming for individual owners. Professional teams can efficiently manage these tasks, allowing property owners to focus on other investments or personal endeavors. According to a study by the National Multi Housing Council (NMHC), property managers spend an average of 40 hours per week on property management activities.

Moreover, professional property managers have access to a network of vendors and contractors, which can be beneficial for maintenance and repairs. This network ensures that issues are addressed promptly and cost-effectively. Additionally, property managers can leverage their expertise to maximize rental income through effective marketing, rent pricing, and tenant retention strategies. The National Apartment Association (NAA) reports that professionally managed properties tend to have higher occupancy rates and lower turnover rates.

Data from the U.S. Census Bureau also supports the trend of professional property management. In 2020, the bureau reported that approximately 36.2 million housing units were owned by individuals, while 18.4 million were rented. Given the large number of rental units, it is evident that professional management is a crucial component of the real estate industry.

In conclusion, property management in the United States is predominantly handled by professional teams due to the complex regulatory environment, time-consuming nature of the job, and the need for specialized expertise. Professional management ensures compliance, efficient operations, and increased profitability for property owners.