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a Colorado property management agreement is created between a property manager and the owner of one or multiple properties in the state here well overview what a property manager does property management rules specific to Colorado and what to include in a contract what is a property manager property managers are responsible for the oversight and maintenance of property but duties of a property manager can be different depending on a clients requirements some owners prefer their managers to handle all aspects of the property while others like to have some control such as paying their own utility bills more often than not property managers are responsible for the following rent and security deposit collection filling vacancies negotiation and renewal of leases enforcement of leases timely coordination of all maintenance and repairs with contractors coordination of lawn care and snow removal monthly and annual profit and loss reports utility payments evictions and other duties as reques