Property Management involves overseeing and managing real estate properties on behalf of owners. This includes tasks such as collecting rent, handling maintenance requests, and ensuring compliance with local laws. Effective property management can enhance the value of a property and improve tenant satisfaction. In addition to residential properties, property management also extends to commercial spaces, where managers must navigate different regulations and tenant needs. Professionals in this field often use software tools to streamline operations and maintain clear communication with both property owners and tenants, ensuring a smooth management process.