Property management is a career profession that is a part of a fast growing property trading business industry. A property manager’s employment can either be directly under the supervision of a real estate property owner, or for a property management company, hired by an owner or legal entity to look after the real estate for sale or for rent over a particular span of time.

A property management company is tasked with the responsibility of managing the multiple aspects which come along with the ownership of real estate. This is akin to the role of management in any business.

One of the important roles property management companies play is that of acting as liaison between the landlord and tenant. Their duties include posing appropriate gross rent, accepting rent, responding to and addressing maintenance issues, advertising vacancies for landlords, and doing credit and background checks on tenants.
In exchange for the service provided, property management companies charge landlords a percentage of the gross rent collected each month, in addition to lease commissions.

In addition to managing income and expense related activity, property managers may also manage construction, development, repair and maintenance on a rental property, or property for sale. The direction of repair and maintenance is quite a large part of a property manager's function. They are also to take part in property insurance and partly their duty is to do everything to sell property profitably for the company and for the owner, of course. According to such numerous duties, the fee for these companies' facilities is also appreciable.