What is the role of the management company in a property management agreement?

The role of the management company in a property management agreement primarily involves overseeing the operations and maintenance of rental property. This includes a variety of responsibilities such as managing the day-to-day activities of the property, ensuring that the property is well maintained, handling tenant communications, collecting rent, and addressing any issues that may arise. The management company acts as an intermediary between the property owner and the tenants, ensuring that all aspects of property management are handled efficiently and effectively.

This answer highlights the comprehensive nature of the management company's role, which goes beyond just performing specific tasks. While marketing the property for sale or providing landscaping and repair services are important aspects of real estate, they do not encapsulate the broader responsibilities assigned to property management firms. Additionally, enforcing legal rights of the seller pertains more to the sale process rather than the ongoing management of rental properties, which is squarely within the purview of a property management agreement.