What does "contracting out" refer to in property management?

"Contracting out" in property management refers to the practice of hiring external entities to manage property services. This approach allows organizations, including the Coast Guard, to utilize specialized companies or contractors that have expertise in managing specific aspects of property services, such as maintenance, cleaning, or security. By doing so, the organization can focus on its core responsibilities while ensuring that property management tasks are handled by professionals who are often more equipped to handle those specific services efficiently.

This method can lead to cost savings, improved service quality, and access to a wider range of expertise, which are critical factors in effective property management. It enables the organization to remain flexible and responsive to changing needs while leveraging the skills and resources of external providers.