RES 429 Week 1 Complete . Discussion 1. Describe the major responsibilities and tasks associated with professional property management. Why would investors choose to manage their own properties? Discussion 2. Explain the differences between managing your own property and managing a rental property owned by someone else. Discuss specific challenges of managing real estate for yourself and managing property owned by someone else. Assignment Week – 1 The Professional Property Manager Write a two- to three-page paper analyzing the roles, duties, and responsibilities of professional property managers. The research paper should be comprehensive and include specific examples. The paper should be formatted according to APA guidelines and include one scholarly source other than the required readings with paraphrased citations. Please include responses to the following questions within your paper: a. What are the advantages or disadvantages of working as an employee manager as opposed to a third-party manager? b. What are some of the reasons property owners would choose to hire a property manager rather than manage property themselves? c. Why should a property manager be concerned about ethics?