What type of properties are generally managed by their owners?

Heavy industrial properties are generally managed by their owners primarily due to the specialized nature of these properties and the expertise required for their operation and maintenance. Owners of heavy industrial properties often have specific knowledge and skills related to the machinery, production processes, and safety regulations that are unique to their industries. Because these factors can greatly affect the operational efficiency and compliance of the facility, owners prefer to manage these properties themselves to ensure they are run properly and meet all necessary legal and operational standards.

In contrast, commercial and residential properties are typically managed by property management companies or individuals who have expertise in the marketing, leasing, and maintenance of those types of properties. Mixed-use properties, which combine various functions such as residential, commercial, and sometimes industrial, also often require professional management to handle the complexities of their diverse tenants and needs. These other property types involve a wide range of tasks where management companies can add value by leveraging their resources and expertise.