When most people think about landlords, their minds tend to go to large real estate companies or individuals who own a building. But with a vast number of properties acquired over many years, cities, counties, and states have become significant landlords themselves, renting out space to businesses and nonprofits. But any good landlord knows the job is largely managerial and goes far beyond just collecting the rent every month. The same should be true of public sector property owners, but a number of recent performance audits have cited problems with lax management practices, including insufficient documentation, a lack of planning, minimal transparency, and inconsistent processes.
- Publication date: October 2024
- Authors: Katherine Barrett and Richard Greene