Residential Property Management involves overseeing and maintaining residential properties, such as apartments and single-family homes. This includes tasks like finding and screening tenants, collecting rent, and handling maintenance requests. The goal is to ensure that properties are well-kept and that tenants have a positive living experience. Property managers also deal with the financial aspects of the property, including budgeting and accounting. They help owners maximize their investment by keeping occupancy rates high and managing expenses effectively. Overall, Residential Property Management plays a crucial role in the real estate market by bridging the gap between property owners and tenants.