What is the primary purpose of property management?

The primary purpose of property management is to manage real estate properties on behalf of owners. This involves various responsibilities, such as overseeing the daily operations of properties, maintaining the physical condition of the property, and ensuring tenant satisfaction. Property managers serve as a crucial link between property owners and tenants, handling tasks like leasing, rent collection, maintenance requests, and enforcing lease agreements.

This role ensures that properties are not only maintained and operated effectively but also that owners can maximize their return on investment while minimizing the time and effort they personally need to dedicate to their properties.

While other options may involve aspects related to real estate—such as purchasing properties, developing projects, or offering tax advice—they do not encompass the primary duties and responsibilities associated with property management, which fundamentally centers on managing and maintaining existing properties for owners.