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A property management agreement is established between a property manager and the owner of one or more properties. This document outlines the responsibilities of a property manager, which include overseeing and maintaining the properties. Many states mandate that property managers possess either a property management license or a real estate license, with only Kansas, Maine, Maryland, Massachusetts, and Vermont having no such requirements. The specific duties of a property manager vary based on client needs; some owners prefer full management, while others maintain control over aspects like utility payments. Typically, property managers are tasked with collecting rent and security deposits, and quickly filling vacancies.