Strategic thought, technical expertise, and people skills are all necessary for property management. Property managers, whether in charge of residential, commercial, or mixed-use buildings, are essential to the efficient running and financial success of real estate assets. Delivering outstanding value to property owners and tenants while navigating the sector's complexity requires understanding fundamental concepts and best practices. Property managers must be aware of any changes to the law that may affect their business, such as laws governing the environment or rent control.