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A South Dakota property management agreement is established between a property manager and a property owner. This agreement outlines the manager's responsibilities, which can vary based on the owner's preferences. Property managers typically handle tasks such as collecting rent and security deposits, filling vacancies, negotiating and renewing leases, enforcing lease terms, coordinating maintenance and repairs, managing lawn care and snow removal, and providing monthly and annual financial reports. They may also oversee utility payments and evictions. The extent of a property manager's duties often depends on the owner's level of involvement and control over property management tasks.
