Which of the following is a responsibility of a property manager?

A property manager plays a crucial role in overseeing the day-to-day operations of rental properties, which encompasses a variety of responsibilities. Property maintenance and tenant relations are primary aspects of this role. A property manager is tasked with ensuring that the physical property is well-maintained and that any maintenance issues are promptly addressed. This includes routine inspections, coordinating repairs, and ensuring compliance with local housing codes.

Additionally, maintaining positive tenant relations is vital for tenant retention and the overall success of the property. This involves handling tenant inquiries, resolving disputes, communicating property policies, and fostering a community environment. Effective management in these areas can lead to higher tenant satisfaction and lower turnover rates.

While responsibilities such as setting tax rates, designing marketing strategies, and advising on investment can relate to property management, they often fall outside the typical scope of what a property manager handles directly on a day-to-day basis. Instead, property managers might collaborate with real estate professionals or financial advisors for those specific tasks, which is why property maintenance and tenant relations stand out as a direct responsibility of a property manager.