Management
1. List the seven factors that affect rental rates
2. Explain the balancing relationship between
occupancy and rent
3. How do each of the three P's - People,
Product and Promotion - influence a rental
increase.
4. List and describe the four components of revenue loss.
5. Briefly describe the difference between
accounting and bookkeeping.
6. Why can weekly operational reports give you a
lot of information about the property's
financial position?
7. Give two reasons why the monthly operating
statement is so important.
8. How would you be able to identify a financial
that used the accrual accounting method?
9. Why is the General Ledger such an important
tool for analyzing income and expense?
10. Give two unique traits of each of the types of budgets:
1. Lease-up
2. Renovation or Rehab
3. Operating
11. What is the difference between annualization
and extrapolation?
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