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A property management agreement is made between a property manager and the owner of one or more properties. Property managers oversee and maintain properties, with many states requiring a license. Responsibilities vary depending on the client's needs, but commonly include rent collection, filling vacancies, and handling maintenance. It is important to include these responsibilities in a contract. Some owners prefer more control over their properties, while others delegate most tasks to the property manager. Only six states do not require a license for property managers: Kansas, Maine, Maryland, Massachusetts, New Hampshire, and Vermont.
