What is the primary function of a property manager?

The primary function of a property manager is to oversee the operation and maintenance of rental properties. This role includes a wide range of responsibilities, such as finding and screening tenants, managing lease agreements, maintaining the property, ensuring compliance with local laws, collecting rents, and addressing tenant concerns. By managing these aspects effectively, property managers help property owners maximize their investment while providing a safe and well-maintained environment for tenants.

This focus on operation and maintenance as the core responsibility differentiates property management from sales or appraisal roles. While selling properties and negotiating sales contracts are crucial functions in real estate, they fall within the scope of real estate agents and brokers rather than property managers. Similarly, conducting property appraisals is a specialized task typically undertaken by appraisers or professionals with specific training in valuation, making it separate from the everyday responsibilities of a property manager.