Which of the following is NOT a typical responsibility of property management?

The correct choice identifies conducting property appraisals as a task that typically does not fall under the usual responsibilities of property management. Property management is primarily concerned with the day-to-day operations and maintenance of a property, ensuring tenant satisfaction, overseeing repairs, and managing finances related to the property’s operation.

Tenant relations and complaints handling is a significant responsibility as it involves addressing tenant needs, managing lease agreements, and maintaining a positive living or working environment. Maintenance of property and facilities is also core to property management, involving regular upkeep and repairs necessary to keep the property in good condition. Financial management and budget planning are crucial for maintaining the operational viability of the property, including collecting rents, paying bills, and planning for future expenditures.

Conducting property appraisals, while important in the broader context of real estate transactions and investment analysis, is not typically within the day-to-day duties of property managers. This task is generally more associated with appraisers or real estate professionals specialized in valuing properties and is often performed less frequently compared to the ongoing responsibilities inherent in property management.