Yes, the property management service is essential. Property management refers to the surveillance and monitoring of residential, commercial, or industrial real estate by a third-party contractor. Property managers take responsibility for daily repairs and ongoing maintenance, safety, and maintenance of properties. They often work for investment property owners such as apartment and condominium complexes, private home communities, shopping malls, and industrial parks. Their job is to manage the routine tasks delegated to them by their owners and to preserve the value of the properties they manage while generating income.