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A property management agreement is a contract between a property manager and the owner of one or multiple properties. Property managers are responsible for property oversight and maintenance, with some states requiring a property manager or real estate license. Responsibilities vary based on client preferences, but typically include rent collection, filling vacancies, and property maintenance. Some owners prefer more control over certain aspects like utility bills. Only six states do not require a property manager or real estate license - Kansas, Maine, Maryland, Massachusetts, and Vermont.
