Final answer:
A professional property manager is typically a salaried employee of the property owner and is responsible for the day-to-day operations of a property. They do not need to reside on the premises and the fees for their services can vary.
Step-by-step explanation:
A professional property manager is typically a salaried employee of the property owner. They are responsible for the day-to-day operations of a property, including managing tenant relationships, handling maintenance issues, and collecting rent. While a real estate license is not always required, it can be beneficial for property managers who are involved in leasing and selling properties.
It is important to note that property managers do not need to reside on the premises. They can oversee multiple properties and work from a central office. Lastly, not all property managers charge the same amount for their services. The fees can vary depending on factors such as the size and location of the property, the scope of responsibilities, and the level of experience and expertise of the property manager.