What does property management entail in real estate?

Property management in real estate primarily involves the operation, control, and oversight of real estate and physical assets. This encompasses a variety of responsibilities, including coordinating maintenance, managing tenant relations, collecting rent, and ensuring the property complies with relevant laws and regulations. Effective property management is essential for maximizing the value of a property, maintaining tenant satisfaction, and ensuring that the property operates smoothly and efficiently.

The other options, while related to the real estate industry, do not accurately capture the essence of property management. The buying and selling of properties pertains more to real estate sales and brokerage, legal advice relates to the practice of law rather than management, and marketing properties is a distinct activity that falls under sales and leasing, rather than the comprehensive responsibilities involved in property management. Therefore, option B is the most accurate representation of what property management entails.