Oregon 30-Hour Real Estate Law Practice Test

What is required of property managers to keep properties and facilities in good condition?

1. Organize tenant events

2. Maintain and make repairs to the property

3. Conduct regular market analyses

4. Secure insurance for the property

The correct answer is: Maintain and make repairs to the property

Property managers play a crucial role in ensuring that properties and facilities are maintained in a good condition. This involves a range of responsibilities aimed at preserving the physical integrity of the property and providing a safe and comfortable environment for tenants. Maintaining the property and making necessary repairs is fundamental to the property manager's duties. This includes regular upkeep tasks such as cleaning common areas, landscaping, and ensuring that all systems (e.g., plumbing, heating, electrical) are functioning properly. Additionally, property managers must respond promptly to maintenance requests from tenants, which can range from fixing leaks to addressing heating issues. By conducting regular inspections, property managers can identify issues proactively and perform repairs before they escalate, thereby safeguarding the property value and tenant satisfaction. While organizing tenant events, conducting market analyses, and securing insurance are all relevant aspects of property management, they do not directly address the immediate responsibilities associated with the physical upkeep and repair of the property itself. These tasks are important in their own right but are secondary to the primary obligation of ensuring the property is well-maintained and in good repair.