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A property management agreement is established between a property manager and an owner for one or more properties in Maine. The video outlines the roles and responsibilities of a property manager, which can vary based on client preferences. While some owners want managers to oversee all property aspects, others may choose to retain control over certain tasks like utility payments. Typical responsibilities of property managers include collecting rent and security deposits, filling vacancies, negotiating and renewing leases, enforcing lease terms, coordinating maintenance and repairs, managing lawn care and snow removal, providing monthly and annual profit and loss reports, handling utility payments, evictions, and fulfilling additional requests.
