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In this video, the speaker explains the concept of a Property Management Service Agreement (PMA). This agreement is a contract between a property owner (landlord) and a property management company, detailing the terms, authority, duties, and responsibilities of both parties. The speaker emphasizes the necessity of having a PMA to ensure clear expectations and professional management of properties. Additionally, potential property owners are advised to avoid anyone claiming to manage properties without a formal agreement, as it may indicate unprofessionalism. The video is presented by a boutique property management firm specializing in various residential property types.
