Property management is the process of maintaining and managing both the commercial and residential property. A property manager is the one who may be a licensed real estate salesperson and he must be employed under a licensed real estate broker in order to operate his business. These management companies act behalf of the owner and as per the service provided they charge amount. There are a number of services needed for the maintenance of a particular property and the landlord himself is not in a position to do a particular or different task assigned. Thus, there are many property management companies who ease off landlords' burden with just costing extra charge for collecting the rent amount from the tenants, timely maintenance and repair work and advertising the owner's property.