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

Managing tenant relations is indeed a key responsibility of a property manager because it involves maintaining effective communication and positive relationships with tenants. This role encompasses addressing tenant concerns, ensuring their satisfaction, and fostering a sense of community within the property. By managing these relationships well, property managers can enhance tenant retention and minimize turnover, which is vital for the financial success of the property.

While overseeing local zoning laws and establishing rental prices are also important aspects of property management, they are not primarily centered on the relationship-building aspect that is critical to tenant satisfaction and retention. Furthermore, performing all maintenance tasks personally is not typically a responsibility of property managers as they usually delegate maintenance work to specialized contractors and maintenance staff.