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The Assistant Property Manager at Magnolia Property Company plays a crucial role in supporting the property manager in managing assigned communities effectively. This position involves taking on responsibilities in the absence of the property manager, ensuring community objectives are met, and maintaining accurate reports related to rents and deposits. The role is based at 'The Mark at Midtown Park' property in Dallas, Texas, and emphasizes a personal touch in property management, aligning with the company's family-first approach.