Oregon 30-Hour Real Estate Law Practice Test

Which of the following is NOT typically a duty of a property management company?

1. Collecting rent from tenants

2. Maintaining the property

3. Setting property tax rates

4. Managing tenant relations

The correct answer is: Setting property tax rates

The correct answer is that setting property tax rates is not typically a duty of a property management company. Property management companies are primarily responsible for the day-to-day operations of rental properties, which include collecting rent from tenants, maintaining the property, and managing tenant relations. Collecting rent involves ensuring that tenants pay their dues on time and handling any issues related to late payments. Maintaining the property covers a range of tasks from routine maintenance to repairs, ensuring that the property remains in good condition. Managing tenant relations is essential for fostering a positive living environment, addressing tenant concerns, and facilitating communication between tenants and management. In contrast, property tax rates are determined by local governments and involve assessments based on various factors including property value and local tax policies. Property management companies do not have the authority to set or influence these rates, which are governed by state and municipal legislation. This distinction highlights that while property managers play a critical role in the management and operation of properties, they do not engage in tax legislation or assessments.