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California law requirements - ANSWER--every rental
housing community with 16 units or more to have an
employee or owner residing on site .
gross potential rent (GPR) - ANSWER--is a total of all
current market rents for each unit and can also be used as
a rent roll . take the total number of units , multiply by the
,market rent rate of each unit and multiply by 12 for annual
gross revenue projection.
gross annual rent (GAR) - ANSWER--is a total of all
current actual rental rates for occupied units and a current
market rent for vacant units (multiply by 12 for a yearly
calculation) this formula is use to calculate revenue for
budgeting purposes .
in order to maximize rental revenues - ANSWER--it is
necessary to set competitive rents
rent per square foot. - ANSWER--is the current rent
divided by the unit square footage. (example : $1050
divided by 800 sq. ft= $1.31 per sq ft.) this formula is use
to compare actual pricing with competitors .
,when applying concessions - ANSWER--is not necessary
to give the discount of the first month's rent discounts can
be given off the last month or as a discounted rental rate
for each month of the tenancy.
ancillary income - ANSWER--refers to sources of revenue
other than rents .
occupancy standards - ANSWER--are highly debated
issues within the industry , since there are mot set laws or
regulations stating how many occupants an owner must
allow in a rental unit.
, if 18 years or older - ANSWER--A separate application
should be required of each adult applicant .
a standard goal should be? - ANSWER--to convert 75% of
all calls to walk - in traffic.
A reasonable accommodation is required when ? -
ANSWER--a request for a reasonable acomodation can
be made a any time , from the initial contact with a
prospect to the final stages of the eviction process.
all emails - ANSWER--should be responded to
immediately ( within the 2 hour time frame ) prospects
communicating email experts a quick reply .