What aspect does a property manager NOT typically handle?

A property manager's primary responsibilities center around the day-to-day operations and management of a property, which includes tasks such as tenant relations and communication, overseeing property maintenance and repairs, and handling financial reporting and budgeting. These functions are essential in ensuring that a property operates smoothly and that tenants are satisfied.

However, property sales and acquisitions fall outside the typical scope of property management. While property managers may assess market conditions and work closely with owners regarding potential sales, the actual transactions involving buying and selling properties are usually handled by real estate agents or brokers. Property managers focus on maintaining the property and managing tenants rather than engaging in sales activities. This delineation helps clarify the distinct roles within the real estate industry, emphasizing how property management is primarily concerned with operational aspects rather than transactional ones.