What is the primary role of a property management company?

The primary role of a property management company is to manage and maintain investment properties for property owners. This includes a variety of tasks aimed at maximizing the value and operational efficiency of the property. Property management companies handle day-to-day operations, which typically involve collecting rent, coordinating maintenance and repairs, screening and finding tenants, and ensuring compliance with local laws and regulations.

The focus of a property management company is on the operational aspects of property ownership rather than the transactional activities involved in buying or selling real estate. They serve as an intermediary between property owners and tenants, ensuring that the property is well-maintained and profitable. This specialization allows property owners to rely on the expertise of property managers, particularly when they own multiple properties or are not able to manage the properties themselves.

In contrast, the other roles mentioned involve different aspects of real estate that do not align with the primary functions of property management. Buying and selling real estate, representing sellers in negotiations, and conducting appraisals are activities focused on transactions rather than ongoing property management and maintenance. Hence, the correct choice reflects the core responsibilities of property management companies in the real estate industry.