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My Parents Are Downsizing. What Happens to Their Home? Selling is not always the only option. If your parents want to keep their home and create additional income, a professional property management company may be able to help. The right property manager can help with finding tenants, collecting rent, coordinating maintenance, handling emergencies, and taking care of the day to day responsibilities of the property. For seniors, it is especially important to find someone who is patient, trustworthy, experienced, and understands their unique needs. Before making a decision, explore all of your options as a family. Find property management professionals near you through Seniornicity.com.