# Property Management

*Real Estate — Finicade finance glossary*

Property management handles tenants, rent collection, maintenance and compliance on an owner's behalf, typically for 8–12% of collected rent plus a letting fee. Whether it pays depends on scale and distance: it converts a second job into an investment, and it must be modelled in NOI from the start rather than treated as optional, because self-management is unpaid labour, not a saving.

**Also known as:** letting agent, managing agent, property manager

**Related terms:** [Rental Property](https://finicade.com/glossary/rental-property), [Net Operating Income](https://finicade.com/glossary/net-operating-income), [Lease Agreement](https://finicade.com/glossary/lease-agreement), [Security Deposit](https://finicade.com/glossary/security-deposit), [Vacancy Rate](https://finicade.com/glossary/vacancy-rate)

Source: https://finicade.com/glossary/property-management