In the United States, the management of small property rights is primarily handled by a diverse array of entities, including individual property owners, property management companies, and local government agencies. According to the National Association of Realtors (NAR), approximately 70% of small property owners manage their properties themselves, while the remaining 30% hire professional property management companies. This trend is driven by the increasing complexity of property management, the need for specialized knowledge, and the availability of professional services.

The rise in self-management can be attributed to the growing number of small property owners who prefer the autonomy and potential cost savings associated with managing their own properties. However, this approach requires a significant time commitment and a strong understanding of property laws, maintenance, and tenant relations. For instance, the U.S. Census Bureau reports that the average small property owner spends about 10 hours per week on property management tasks. This self-management trend is particularly evident among homeowners who own a single property or a small portfolio of properties.

On the other hand, property management companies offer a range of services, from tenant screening and rent collection to maintenance and legal compliance. These companies are particularly beneficial for small property owners who lack the time or expertise to manage their properties effectively. According to a study by the National Multi Housing Council (NMHC), hiring a property management company can lead to higher occupancy rates and reduced turnover costs. This is because professional managers have the resources and experience to handle the complexities of property management more efficiently.

Local government agencies also play a role in managing small property rights, particularly in terms of enforcing property codes and regulations. These agencies ensure that properties meet minimum standards for safety, health, and environmental protection. For example, the U.S. Department of Housing and Urban Development (HUD) provides funding and resources to local governments to support affordable housing initiatives and property maintenance programs.

In conclusion, the management of small property rights in the United States is a multifaceted endeavor, involving individual owners, professional management companies, and government agencies. The choice of management approach depends on the property owner's resources, expertise, and preferences. As the real estate market continues to evolve, the importance of effective property management will only grow, necessitating a diverse range of management strategies to meet the needs of small property owners.