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A property management agreement is created between a property manager and the owner of one or multiple properties. Property managers oversee and maintain properties, and usually need a property manager license or real estate license. Responsibilities vary but often include rent collection, filling vacancies, property maintenance, and overseeing tenant requests. Some owners prefer more control over certain aspects, like utility bills. Key points include common management charges and what should be included in a contract. Only six states in the US do not require a license for property managers.