What does "property management" involve?

Property management involves the operation, control, and oversight of real estate properties, which encompasses a wide range of responsibilities. This includes maintaining and improving the property, managing tenant relations, collecting rent, ensuring compliance with regulations, and handling maintenance issues. Property managers act as the intermediary between property owners and tenants, working to maximize the value of the property while ensuring that tenants have a positive living or business experience.

This process is crucial for maintaining the physical and financial health of the property. It ensures that costs are managed effectively, tenants are satisfied, and that the property is kept in good condition, which ultimately leads to increased property value and return on investment for owners.

The other options focus on different aspects of the real estate industry, such as sales strategies, appraisals, and market evaluations, which do not directly pertain to the essential functions of property management.