In the landlord/professional manager dynamic, attorneys are characterized as:

In the context of the landlord/professional manager dynamic, attorneys play a vital role that encompasses both trustors and trustees. This classification is grounded in their functions and the responsibilities they undertake within property management and legal processes.

As trustors, attorneys are responsible for establishing a trust by conveying an interest in property to a trustee while retaining some rights. This action initiates a legal relationship where the attorney represents the interests of the landlord or property owner, establishing fiduciary duties meant to protect those interests. This is crucial as it ensures the property is managed according to the landlord's preferences and legal requirements.

On the other hand, as trustees, attorneys have the duty to manage the property, adhering to the terms set out by the trust. This includes acting on behalf of the trust’s beneficiaries and ensuring that management practices comply with relevant laws and regulations. The dual role ensures that the attorney is equipped to handle both the legal and practical aspects of property management effectively.

Understanding this dual responsibility clarifies why attorneys are characterized in this manner—they act in both capacities, ensuring that the interests of the landlord are protected while managing properties in accordance with their legal duties.