What is the main function of a property management company?

The primary role of a property management company is to oversee the daily operations of rental properties. This encompasses a wide range of responsibilities, including managing tenant relations, handling maintenance requests, collecting rent, ensuring compliance with housing laws, and overseeing the overall condition of the property. Property managers serve as a crucial intermediary between landlords and tenants, ensuring that the needs of both parties are met effectively. They also implement strategies to maximize the property's profitability while maintaining a positive living environment for tenants.

In contrast, while selling properties and handling mortgage applications might be part of broader real estate services offered by agents and brokers, these are not the core functions of a property management company. Similarly, providing legal representation is typically the expertise of attorneys, rather than a service directly associated with property management.