Property Management
Which of the following is typically the property manager's responsibility under a management agreement?
AGuaranteeing the property will always be occupied
BCollecting rents, maintaining the property, and accounting to the owner✓ Correct
CPurchasing the property if it fails to sell
DSetting property tax rates for the owner
Explanation
A property manager's typical responsibilities include collecting rents, arranging maintenance and repairs, handling tenant relations, and providing regular financial accounting reports to the property owner.
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