What is property management? What does a property manager or property management company do?
Property management is the operation of commercial and/or residential real estate. Property managers or property management companies are often hired to serve as liaisons between a landlord and the tenants. Some manage home owner associations (HOAs). Property managers may also manage property construction, development, repair and maintenance. Their primary duties often include accepting rents, as well as responding to and handling maintenance issues, evicting tenants (if needed) and advertising and filling vacancies which includes screening and selecting tenants.