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Some of the main responsibilities of a property manager are marketing to fill vacancies, screening tenants, collecting rent, and scheduling maintenance of your property. They handle complaints and emergencies, as well as coordinate move-outs and evictions when they are needed.
The property manager has a primary responsibility to you, the landlord and a secondary responsibility to the tenant. The relationship the property manager has with both the landlord and tenant are crucial in forming the expectations of both parties.
A good property manager will have a thorough knowledge of statewide and national laws regarding the best ways to handle the duties listed in the paragraphs above.