Property management is the practice of managing property, effectively reducing the vacancies and optimizing the earning potential of the properties. Most of the property management professionals today are working for developers, real estate brokers or real estate agents. Industry estimates that by the year 2016, about 375,000 property management professionals will be employed full-time. The current estimated annual salary for a full-time property management professional is $43,000. This figure is set to grow multifold by the year 2016. As the potential of property management as a business and full-time career option grows, there is a strong need for providing quality property management services.