What is the primary role of a property management company?

The primary role of a property management company is to oversee day-to-day operations of real estate assets. This encompasses a wide range of responsibilities that ensure the efficient functioning and maintenance of properties. Property management involves tasks like maintaining the property, collecting rents, managing tenant relations, enforcing lease agreements, and ensuring that the property complies with local laws and regulations. By handling these day-to-day operations, property management companies allow property owners to focus on broader investment strategies while ensuring that their real estate assets are maintained and operated efficiently.

In contrast, the role of buying and selling properties on behalf of investors pertains more closely to real estate sales and brokerage, which is not the primary focus of property management. Acting as a broker in property transactions refers to facilitating sales between buyers and sellers, which is distinct from managing properties. Lastly, financial management is just one component of the broader scope of responsibilities that a property management company handles; therefore, stating that they only handle financial management does not accurately capture the full picture of their role.