Here is a VERY SHORT LIST of what property management companies can do: 

• Determine what to repair and assist in carrying out the repair. 
• Determine the rental rates to ensure the property is rented quickly. 
• Help find correct rental rates. These help with the advertisement and financial responsibilities that relates to tenants. 
• Handle rent collection and eviction of tenants. A good property management company ensures that evictions are based on a mutual agreement. 
• Carry out frequent visits and inspections of the property to stay up to date on the state of the property.