What Is Property Management?
Property management is the operation, oversight, and maintenance of real estate on behalf of its owner. A property manager handles the day-to-day responsibilities of a rental or investment property — finding and screening tenants, collecting rent, arranging repairs, and ensuring legal compliance — so the owner does not have to.
What Property Managers Do
- Marketing and leasing — advertising, screening tenants, and signing leases
- Rent collection and financial reporting to the owner
- Maintenance and repairs, and coordinating vendors
- Compliance with landlord-tenant law, including notices and the eviction process
Licensing and Legal Issues in Florida
In Florida, a person who manages rentals for others for compensation — including leasing and negotiating — generally must hold a real estate license, with limited exceptions (for example, certain salaried on-site apartment managers, or an owner managing their own property). Property managers must follow the Florida Residential Landlord and Tenant Act (Chapter 83), handle security deposits properly, and serve the correct notices before eviction. Community association management is separately regulated. A clear written management agreement defining authority, fees, and responsibilities protects both owner and manager.
Related Terms
- Lease Agreement — Central to property management
- 3-Day Notice — Used in managing non-payment
- Broker — Often required for paid management
Barnes Walker Real Estate
Barnes Walker's attorneys advise Florida owners and managers on landlord-tenant compliance, leases, and evictions. Request a legal inquiry for assistance.
Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC