The unit that primarily manages property management in the United States is the Property Management Division or Department within a real estate company or property management firm. This unit is responsible for overseeing the day-to-day operations of residential, commercial, or industrial properties, including tenant relations, maintenance, financial management, and legal compliance.

The Property Management Division plays a crucial role in ensuring that properties are well-maintained, occupied, and profitable. According to the National Association of Realtors (NAR), there were approximately 1.3 million property managers in the U.S. as of 2020. These professionals manage a diverse range of properties, from single-family homes to large apartment complexes and commercial buildings.

The Property Management Division is staffed by professionals who have expertise in various aspects of property management. This includes property managers, maintenance technicians, administrative staff, and sometimes legal counsel. The division operates under the broader umbrella of the real estate company or property management firm, which may also handle brokerage, development, and investment services.

The importance of the Property Management Division is underscored by the fact that it directly impacts the value and profitability of the properties under its care. Effective property management can lead to higher occupancy rates, reduced turnover, and increased property values. Conversely, poor management can result in legal issues, financial losses, and a negative reputation for the property owner or management company.

Data from the U.S. Bureau of Labor Statistics (BLS) indicates that the property, real estate, and community association managers industry employed about 1.3 million workers in 2020. The average annual wage for property managers was $61,530, with the highest 10 percent earning more than $105,080. This data highlights the significant role that property management plays in the U.S. economy and the importance of the Property Management Division in managing these properties effectively.