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A property management agreement is made between a property manager and property owner(s), outlining the manager's responsibilities, common charges, and contract specifics. Property managers oversee and maintain properties, and many states require them to hold a property management or real estate license; only Kansas, Maine, Maryland, Massachusetts, and Vermont do not have such requirements. The specific duties of a property manager can vary based on the owner's preferences, with some owners choosing to be more involved, such as handling their own utility payments. Typically, property managers are responsible for collecting rent and security deposits and quickly filling vacancies.
