Which term describes a professional who manages rental properties for a fee?

The term that describes a professional who manages rental properties for a fee is property manager. This role involves overseeing the day-to-day operations of rental properties, ensuring that they are well-maintained, managing tenant relationships, and handling financial aspects such as rent collection and budgeting. Property managers typically work on behalf of property owners, allowing owners to invest in real estate without the burden of managing the properties themselves.

In contrast, a real estate agent primarily focuses on helping clients buy, sell, or lease properties and does not have the specific responsibility of managing rental properties. A property consultant provides advice on property investment decisions and strategies but does not typically manage properties directly. A real estate investor is someone who purchases properties with the intention of earning a return on investment, rather than managing those properties professionally. Thus, the role of a property manager is distinct and essential within the real estate industry.