The paper first argues that if one takes current fundamental physics seriously, one gets to a metaphysics of events and relations in contrast to substances and intrinsic properties. Against that background, the paper discusses Heil’s theory of properties being both categorical and dispositional and his rejection of levels of being. I contrast these views with a Humean metaphysics. My concluding claim is that Heil’s account of properties opens up the perspective of a conservative reductionism, which avoids the common reservations against (...) reductionism. (shrink)