At its core, property management involves tasks such as property maintenance, rent collection, and lease administration. This includes ensuring that properties are well-maintained, repairs are promptly addressed, and that rent payments are collected and accounted for. Additionally, property managers are responsible for marketing vacant units, screening prospective tenants, and handling lease agreements and renewals.

Property management also involves financial management, budgeting, and reporting, which are essential for property owners to make informed decisions. Moreover, property managers must stay up-to-date with local laws and regulations to ensure compliance and handle any legal issues that may arise.