What is a key feature of property management?

Overseeing tenant relations and property upkeep is a fundamental aspect of property management. This role encompasses not just managing tenants, ensuring their needs are met, and facilitating a positive living environment, but also includes maintaining the physical condition of the property. Property managers serve as liaisons between owners and tenants, handling lease agreements, addressing tenant concerns, and ensuring compliance with property rules and regulations.

In addition to tenant relations, property upkeep involves regular maintenance and repairs to preserve the property's value and appeal. This dual focus on both tenant interactions and property maintenance is essential for maintaining high occupancy rates and maximizing the return on investment for property owners.

While setting property prices is related to the role, it is not as comprehensive as the responsibility for managing tenant relations and property upkeep. Limiting duties to only legal issues neglects the broader responsibilities that property managers hold. Similarly, while investing on behalf of property owners may be part of some property management roles, it is not a defining key feature of property management itself. Thus, the comprehensive nature of overseeing tenant relations and property upkeep is what makes it a key feature of property management.