What is the primary function of a property management company?

The primary function of a property management company is to oversee and manage rental properties on behalf of property owners. This involves a range of responsibilities, including marketing the property to attract tenants, screening applicants to ensure a good fit, and overseeing the day-to-day operations of the property. This may include collecting rent, handling maintenance and repair issues, and ensuring compliance with local laws and regulations regarding rental properties.

The role of a property management company is essential for property owners who may not have the time, expertise, or desire to manage their rental properties themselves. By delegating these responsibilities to a management company, owners can enjoy the benefits of property investment without being bogged down by the operational details.

In contrast, other options describe different roles in real estate. Assisting buyers in property purchases, conducting home inspections for sellers, and negotiating mortgage contracts with lenders do not align with the primary duties of property management, which focus specifically on managing and operating rental properties rather than facilitating sales or financing.