A Property Management Company is a business that oversees residential, commercial, or industrial properties on behalf of the owners. Their responsibilities typically include finding and screening tenants, collecting rent, handling maintenance requests, and ensuring compliance with local laws. This allows property owners to enjoy passive income without the day-to-day hassles of managing their properties. These companies often provide services such as property marketing, lease administration, and financial reporting. By utilizing a Property Management Company, property owners can benefit from professional expertise and resources, which can lead to better tenant retention and overall property value enhancement.