Which of the following is a common documentation task for property managers?

Preparing financial reports is indeed a core task for property managers. This involves compiling and analyzing data related to the operation of managed properties, including income, expenses, profit and loss statements, and budgets. These reports are essential for providing property owners with a clear understanding of the financial performance of their investments, enabling informed decision-making and strategic planning.

In contrast, while conducting investment seminars, developing marketing plans for properties, and setting tax rates are relevant to the real estate industry, they are not primarily the responsibility of property managers. Investment seminars typically focus on broader investment strategies rather than day-to-day property management. Marketing plans may be created by marketing specialists or real estate brokers, and tax rates are determined by government entities and not set by property managers. Thus, the correct focus on financial reporting highlights the essential administrative and oversight functions of property management.