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A property management agreement is established between a property manager and property owner(s). Property managers oversee and maintain properties and often require a license, as mandated by many states; only six states—Kansas, Maine, Maryland, Massachusetts, and Vermont—do not require licensing. Responsibilities of property managers vary based on client needs, with some owners opting for full management while others desire partial control, such as paying utilities themselves. Typically, property managers handle rent and security deposit collection, manage vacancies, and ensure property upkeep, tailoring their services to meet the specific requirements of the property owners.