What does 'Property Management' mean?

Property management refers to the supervision, monitoring, and maintenance of real estate properties by a designated professional known as a property manager. This process involves a wide range of tasks such as rent collection, tenant screening, property maintenance, and financial management, amongst others. The main objective of property management is to ensure that properties are well-maintained and continue to generate income for property owners. One of the key features of property management software is its ability to streamline and automate various aspects of the property management process