What is Property Management ? In property management, some real estate brokers also operate as property managers. For example, a broker in a resort town may provide buyer and seller agent services, as well as property management services. When this is the case, the real estate broker also lists, shows and leases vacation rentals. Property managers help owners create budgets, advertise rental properties, qualify tenants, collect rent, comply with local landlord-tenant and real estate board laws, and maintain properties. Preventive maintenance, interior and exterior cleaning, and construction all fall within the scope of a property management company's responsibilities. Owners pay property managers a fee or a percentage of the rent generated by a property while under management.