What is a person called who, for a fee, manages a property for someone else?

A person who manages a property for someone else for a fee is referred to as a property manager. This role encompasses a wide range of responsibilities, including overseeing the day-to-day operations of a property, maintaining it, ensuring tenant satisfaction, handling financial aspects like rent collection, and often acting as the point of communication between the property owner and the tenants. Property managers possess specialized knowledge of real estate laws and tenant-landlord relationships, which enables them to effectively manage properties while complying with state and local regulations.

While terms like property supervisor, leasing agent, and facilities manager might describe roles related to property management, they do not encompass the full scope of duties that a property manager typically handles. A property supervisor may focus more on overseeing specific aspects of property management, a leasing agent primarily deals with renting out units, and a facilities manager usually oversees the physical infrastructure and maintenance rather than tenant relations and financial management. Therefore, the title "property manager" accurately captures the comprehensive nature of the role in managing a property on behalf of the owner.