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A property management agreement is established between a property manager and an owner for one or more properties. Property managers oversee and maintain these properties and, in many states, require a property manager or real estate license to manage residential properties, with only six states (Kansas, Maine, Maryland, Massachusetts, and Vermont) having no such requirements. The duties of a property manager vary based on clients' needs; some owners prefer managers to handle all aspects, while others want to retain some control, like paying utility bills. Common responsibilities include collecting rent and security deposits and efficiently filling vacancies.