[1] Typical duties expected of a property manager include finding/evicting, dealing with tenants, and coordinating with the owner's wishes.
In addition, such arrangements may require the property manager to collect rents and pay necessary expenses and taxes, making periodic reports to the owner, or the owner may delegate specific tasks and deal with others directly.
Where a dwelling (vacation home, second home) is only periodically occupied, the property manager might arrange for heightened security monitoring, house-sitting, storage and shipping of goods, and other local sub-contracting necessary to make the property comfortable when the owner is in residence (utilities, systems operating, supplies and staff on hand, etc.).
Some jurisdictions may require a property manager to be licensed to practice the profession.
The relationship the property manager has with the landlord and the tenant is crucial in forming the expectations of both parties to the lease since both parties will seek and expect certain rights and benefits.