What are the primary responsibilities of a property manager?

The primary responsibilities of a property manager encompass managing and operating rental properties. This role is multifaceted and involves a variety of tasks essential for the effective upkeep and administration of properties. Property managers are responsible for both the financial and physical aspects of the properties they oversee. This includes collecting rent, handling maintenance and repairs, ensuring compliance with property laws, and managing tenant relations. By focusing on the overall management and operation of rental properties, they ensure that both the owners’ and tenants' needs are met, contributing to the smooth functioning of the real estate investment.

While overseeing property sales is a function associated with real estate agents, it is not the primary role of property managers. Conducting market analysis, although valuable, is typically part of the broader responsibilities and not the primary focus. Additionally, while tenant relations are crucial, they are just one aspect of the comprehensive management duties property managers undertake. Thus, the correct answer highlights the overall operational scope of property management.