What is a property manager's primary responsibility?

A property manager's primary responsibility is to oversee the operation and management of rental properties. This role encompasses a wide range of tasks that ensure the efficient functioning of residential, commercial, or industrial properties. Responsibilities include ensuring that properties are maintained, handling tenant issues, collecting rent, managing leases, and ensuring compliance with local laws and regulations.

By focusing on the overall management of the property, the property manager acts as a liaison between the property owner and tenants, facilitating effective communication and ensuring that both parties’ needs are met. This comprehensive approach to managing properties is vital for maximizing the return on investment for owners while providing a satisfactory living or working environment for tenants.

The nature of property management is distinct from investing in real estate, marketing properties for sale, or conducting appraisals, which are specialized activities that fall outside the purview of traditional property management. The primary focus remains on the operational aspects, making option B the most accurate representation of a property manager's core duties.