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Buildings can be homes, stores, or offices to those who use them. To businesses and investors, properly managed real estate is a source of income and profits; to homeowners, it is a way to preserve and enhance mortgages resale values. Property and community association managers maintain and increase the value of investments. Property managers oversee the performance of income-producing commercial or residential properties and ensure that investments achieve their expected revenues.

Community association managers are the ones who manage the mortgage, common property, and services of condos, planned communities, and cooperatives via the community or homeowners' associations when the owners of the apartments, the office buildings, or the industrial or retail properties do not have time or expertise necessary for daily management. The manager is employed directly, either by the owner or else indirectly via a contract with a firm that manages property.

Property managers will take care of the day to day financial operations of the property, such as collecting rent and paying mortgages, property taxes, insurance premiums and repair bills. A community association may have a community association manager whose job it is to collect dues from the property owners. Then there are asset property managers, who prepare financial statements and make regular reports to the owners about the property, tenants, maintenance issues and other matters.

There are a lot of times when mortgage brokers will discuss contracts for janitorial, security, the removal of trash, and other services. At times when contracts are awarded competitively, managers request bids from a number of contractors and give the owners advice on which bid they should choose. They will overlook the performance of contractors as well as investigate and resolve complaints that come from residents and tenents stating their services are not correctly provided. Managers will also buy equipment and supplies for the property so that they can make calls to specialist to fix certain repairs which cannot be done by the regular property maintenance staff.

Routine maintenance of an individual property is the responsibility of an on site property manager. Examples of the types of buildings which utilize on site property managers are numerous and include office buildings, shopping center buildings, community associations and apartment complexes. Their on site managers are responsible for maintenance of the grounds, facilities and equipment on these properties.

Those who work between an on site manager and a property owner are often referred to as property managers, and they work off site. They will advertise empty properties to potential tenants through either a leasing agent or other means, and they will recommend competitive rental rates that reflect the local economy.

Real estate, in form of offices, stores or investment properties, can be a source of income when it is managed properly. Homeowners who manage their land properly will be able to preserve and even increase their mortgages resale values. Hired managers have the job of maintaining and boosting the value of this type of investment. Property managers supervise commercial and residential properties to be sure that they are producing income and expected revenue. It is the responsibility of mortgage brokers to negotiate various contracts for specialist as needed for services that are outside the scope of the maintenance staff.