What is the role of a property manager?

The role of a property manager encompasses overseeing and managing rental properties on behalf of property owners, which typically involves tasks such as tenant screening, rent collection, property maintenance, and addressing tenant concerns. This role is crucial in ensuring that the property is maintained to a high standard and that the owner's investment is protected.

In this context, the property manager is recognized as a broker who is engaged in managing properties for a fee. This fee structure compensates them for their expertise in the real estate market and the time they dedicate to managing the property effectively. They provide invaluable support to property owners by taking on the responsibilities and challenges associated with property management, thus allowing owners to benefit from their investments without the burdens of day-to-day management.

While other roles mentioned, such as a real estate agent who sells properties or a homeowner renting their property, are relevant in real estate, they do not capture the specific function and professional responsibilities of a property manager. Therefore, understanding that property managers are brokers who actively manage properties for compensation highlights the professional nature of the role and the services they provide to property owners.