Which of the following best describes the duties of a property manager?

• A. Real estate counseling
• B. Property manager responsibilities
• C. Appraiser duties
• D. Mortgage lender duties

Answer: (B)

The main idea is what a property manager does: they oversee the day-to-day operations of an owned property on behalf of the owner. This includes marketing and showing space, screening tenants, collecting rents, coordinating maintenance and repairs, supervising vendors, budgeting, keeping financial records, and enforcing lease terms. Their goal is to keep the property running smoothly and preserve or enhance its value while staying compliant with laws. This is distinct from appraiser duties (valuing a property) or mortgage lender duties (providing financing) or broader real estate counseling, which isn’t about managing the property’s operations.