Which of the following best describes the function of a property manager?

The function of a property manager is primarily to oversee real estate investments in the absence of the owner. This involves a range of responsibilities including, but not limited to, managing day-to-day operations, handling tenant relations, collecting rents, ensuring the property is maintained, and making strategic decisions that enhance the investment's value. The property manager acts as the owner's representative, ensuring that the property is managed efficiently and effectively.

While minimizing costs and organizing renovation projects are tasks that may fall under a property manager's responsibilities, these are not the core purpose of their role. Selling properties quickly is also outside the typical scope of a property manager's duties, which focus more on the ongoing management and operation of a property rather than the sales process. Thus, overseeing real estate investments, handling various operational aspects, and ensuring the property reaches its financial potential are central to the function of a property manager.