Who manages the property in the United States is a multifaceted question that encompasses various entities and professionals. Primarily, property management is handled by property management companies, real estate agents, and sometimes the property owners themselves. According to the National Association of Realtors (NAR), approximately 70% of residential properties are managed by professional property management companies. These companies employ property managers who are responsible for overseeing the daily operations, maintenance, and financial aspects of the properties they manage.

The reason for the prevalence of property management companies lies in the complexities of managing rental properties. Property managers handle tasks such as tenant screening, lease agreements, rent collection, maintenance coordination, and legal compliance. This expertise ensures that properties are well-maintained and that owners receive a steady income. According to a report by the National Multi Housing Council (NMHC), the property management industry has seen consistent growth, with the number of properties under management increasing by 5.5% annually from 2010 to 2019.

Additionally, real estate agents play a crucial role in property management, particularly in the initial stages of acquiring and selling properties. They assist owners in marketing their properties, negotiating deals, and handling the legal paperwork. The NAR reports that there are over 1.4 million active real estate agents in the United States, making them an essential part of the property management ecosystem.

In some cases, property owners may choose to manage their properties themselves, especially if they own a single-family home or a small number of units. This approach allows owners to maintain direct control over their investments and potentially save on management fees. However, this option requires a significant time commitment and a thorough understanding of property management best practices.

In conclusion, the management of property in the United States is primarily handled by property management companies, real estate agents, and sometimes the property owners themselves. The choice of management approach depends on the scale of the property, the owner's expertise, and the desired level of involvement. The growth of the property management industry, as evidenced by the increasing number of properties under management and the active presence of real estate agents, underscores the importance of professional property management in the U.S. real estate market.