What is property management primarily concerned with?

Property management is primarily focused on overseeing real estate operations and managing tenant relations. This involves a variety of tasks aimed at maintaining rental properties, ensuring tenant satisfaction, and maximizing the properties' income potential. Property managers are responsible for activities such as handling rent collection, addressing tenant complaints, managing maintenance requests, and ensuring compliance with landlord-tenant laws. Their role is vital in ensuring that both the property remains in good condition and that the tenants have a positive living experience.

The other options, while related to real estate, do not encapsulate the core focus of property management. Developing new properties pertains more to real estate development, buying and selling properties is a function of real estate brokerage, and assessing property values is more aligned with appraisal services. Hence, the emphasis on managing existing properties and tenant relationships distinctly characterizes property management.