Property management involves overseeing and handling the operations of real estate properties, ensuring they are well-maintained and efficiently run. This includes responsibilities like collecting rent, addressing maintenance issues, and managing tenant relationships to ensure a positive living or working environment. Property managers also handle financial aspects such as budgeting, reporting, and paying bills to keep properties financially stable. They must stay up-to-date with local laws and regulations to ensure compliance and protect property owners from legal issues. Additionally, property managers often market properties to fill vacancies quickly and maintain high occupancy rates.