In real estate, what is the role of a property manager?

A property manager primarily oversees the daily operations of a rental property, which includes the management of rental or lease agreements. This role involves a variety of responsibilities, such as collecting rent, managing tenant relations, enforcing lease terms, and ensuring maintenance and repairs are handled efficiently. By effectively managing these agreements, a property manager helps to maximize the property's profitability while ensuring compliance with local laws and regulations pertaining to leasing.

The other roles mentioned, such as assessing property value, finding buyers, or conducting property appraisals, are typically associated with real estate agents or appraisers rather than property managers. Assessing property value is an important aspect of real estate but is separate from the operational tasks of managing a rental property. Similarly, finding buyers is a function of sales agents, and conducting appraisals is a specialized task requiring specific qualifications. Therefore, focusing on the management of rental agreements underlines the core responsibility that defines a property manager's role in the real estate industry.