What is the primary role of a property manager?

The primary role of a property manager is to oversee the operation and maintenance of rental properties. This involves a range of responsibilities, including ensuring that the property is well-maintained, managing tenant relations, handling rent collection, and coordinating repairs and upkeep. By effectively managing these aspects, a property manager ensures that the property remains attractive to current and prospective tenants, which can lead to higher occupancy rates and increased revenue for the property owner.

The other options do not encapsulate the main duties of a property manager. Advising on real estate investments typically falls under the domain of real estate agents or financial advisors rather than property managers. Providing legal services in property transactions is the responsibility of attorneys who specialize in real estate law, while preparing financial statements for real estate sales is primarily the role of accountants or financial analysts in the real estate sector. Therefore, overseeing the operation and maintenance of rental properties is indeed the core aspect of a property manager's duties.