FINC 3250 Final Exam Tomlinson Questions and Answers 2024

FINC 3250 Final Exam Tomlinson Questions and Answers 2024 1. Why do you need a property manager?: property managers are needed to find tenants, set rent, and manage your property 2. What are the powers of a property manager: set rents, negotiate leases, make settlements with tenants, collect rent, pay bills, supervise property personnel 3. how do property manager's get paid: take a percentage of gross property income 4. what are the duties of the property manager: administration, marketing/adver- tising, tenant selection, lease negotiation, move-in/out inspection, property mainte- nance, rent collection, security deposits 5. pay bills, generate reports, keep records: administration 6. a clear strategy focused on the type of tenant sought for the property and the property features that will be highlighted to attract those tenants; utilizing the appropriate advertising venue: marketing (advertising) 7. - covers a host of possible topics, mostly aimed at preventing problems in the future - negotiate how much rent is, how long the lease is, etc: lease negotiation 8. the property manager must do this in order to charge the tenant for things they messed up during their tenancy, must be carefully documented: -