Online Property Management Certificates: Property management is the operation of commercial, industrial and/or residential real estate. This is much akin to the role of management in any business. Property Management is also the management of personal property, equipment, tooling and physical capital assets that are acquired and used to build, repair and maintain end item deliverables. Property Management involves the processes, systems and manpower required to manage the life cycle of all acquired property as defined above including Acquisition, Control, Accountability, Maintenance, Utilization, and disposition.