Property managers are third party managers who are hired to handle the functioning of a real estate investment. They are investment professionals managing every type of property whether it is residential or office complexes. They make owners of the property tension free and focus on promoting their business. The extent of their responsibilities depends on their salary structure and terms of management contract. Their duties are to work on initial rental fee, rent collection from tenants, investing rent, etc. Being property manager is a tedious job as he is required to have 360 degree knowledge about tenant - manager relation and property owner- manager relation.