Property management services involve the operation, oversight, and administration of real estate on behalf of the owner, including rent collection, tenant coordination, and property maintenance. They may also cover specialized arrangements such as timeshares or condominium associations.
Main/
Property Management Services
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Code
PS0059
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Name
Property Management Services
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Version
1.0
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Category
Real Estate & Property Services
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Created
2025-03-14
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Modified
2025-04-02
Related Techniques
- Property management firms can falsify or inflate rental income streams, commingling illicit proceeds with legitimate rent.
- Criminals maintain control over properties through third-party management, distancing themselves from direct ownership and scrutiny.
- Oversee rent collection and day-to-day property finances, allowing illicit funds to be mingled with legitimate operational revenue.
- Utilize multiple sub-accounts for vendor payments, diluting the illicit portion and making suspicious spikes in deposits less conspicuous.
- Complicit or negligent property managers can falsify tenancy agreements, process inflated rent payments, and commingle illicit funds with genuine rental proceeds.
- By overseeing rent collection and tenant records, they provide a veneer of legitimacy, allowing criminals to introduce illegal cash into the property’s income stream undetected.