Residential management involves overseeing residential properties, ensuring they are well-maintained and meet the needs of tenants. This includes tasks such as property maintenance, rent collection, and tenant communication. Managers often work with landlords to maximize property value and ensure compliance with local regulations. Additionally, residential management may involve marketing vacant units, screening potential tenants, and handling lease agreements. Effective management helps create a positive living environment, which can lead to higher tenant satisfaction and retention. Overall, it plays a crucial role in the real estate industry, benefiting both property owners and residents.