The role of property management is to coordinate and oversee all aspects of a property, which include:

• Managing payments: for insurance, mortgages, utilities, taxes, maintenance fees.

• Coordinating professional maintenance services: repairs, cleaning, etc.

• Providing monthly financial reports and coordinating with the assigned accountant for tax filings and profit and loss statements.

• Managing insurance estimates for floods, accidents, third-party liability, etc.

• Logistical rent management: collection, tracking, potential tenant screening, sending certified notices, payment reminders or contract expiration reminders, and overseeing legal evictions if necessary.