Which of the following is a key responsibility of a property manager?

Collecting rent from tenants is indeed a fundamental responsibility of a property manager. This role is crucial because it ensures the property generates the income necessary to cover operational expenses, fulfill financial obligations, and allow for maintenance and renovations. Rent collection also involves tracking payments, sending reminders for late payments, and enforcing lease terms related to rent obligations. Successful management of this responsibility directly impacts the financial health of the property and can influence tenant satisfaction and retention.

In contrast, maintaining property value through renovations is an important aspect of property management but is not as direct and immediate a responsibility as rent collection. Performing all maintenance tasks personally is typically not expected of property managers, as they often delegate these tasks to maintenance personnel or contractors. Finally, negotiating property sales falls outside the typical duties of a property manager, which are more focused on the day-to-day operations and management of rental properties rather than sales transactions.