Real estate management is an increasingly essential function for the proper performance of any real estate market, and there should be reasonable knowledge of the structures and segmentation involved. One of the best-known sub-segments of real estate management in Portugal is condominium management. However, many condominium managers are unfamiliar with this sub-area, or with the wider area of real estate management. It is essential to have a deep understanding of the wider role and requirements, and to integrate knowledge of real estate management with condominium management, in order to provide customers with the best possible service. In such a competitive market, managers of condominiums who have a broad perspective on real estate management will gain substantial advantages.