MID TERM PROPERTY MANAGEMENT
QUESTIONS AND ANSWERS WITH
VERIFIED SOLUTIONS 2024
Cash flow - ANSWER Income after expenses
Otis Elevator - ANSWER The Otis elevator was the first practical elevator and was powered by electricity.
This invention allow efforts creation of skyscrapers.
General services administration - ANSWER The general services administration is the real estate
management agency for the federal government.
REIT - ANSWER Are publicly traded and, by law, must distribute 90 percent of their gross taxable income
from operation to their shareholders.
Onsite management - ANSWER The greatest number of property managers are onsite managers who live
and/or work exclusively at a property where they have management duties.
Reasons for property management - ANSWER 1. Increased rents
2. Reduced vacant factor
3. Reduced tenant damage
4. Reduced repair costs
5. Reduced expenses
6. Management planning
7. Prolonged economic life
Requirements of renting real property - ANSWER In most states, renting or leasing real property in an
agency capacity for others generally requires a real estate brokers license.
Power of attorney - ANSWER Persons holding an executed power of attorney from an owner of real
property can sell or lease the property under the power of attorney.
QUESTIONS AND ANSWERS WITH
VERIFIED SOLUTIONS 2024
Cash flow - ANSWER Income after expenses
Otis Elevator - ANSWER The Otis elevator was the first practical elevator and was powered by electricity.
This invention allow efforts creation of skyscrapers.
General services administration - ANSWER The general services administration is the real estate
management agency for the federal government.
REIT - ANSWER Are publicly traded and, by law, must distribute 90 percent of their gross taxable income
from operation to their shareholders.
Onsite management - ANSWER The greatest number of property managers are onsite managers who live
and/or work exclusively at a property where they have management duties.
Reasons for property management - ANSWER 1. Increased rents
2. Reduced vacant factor
3. Reduced tenant damage
4. Reduced repair costs
5. Reduced expenses
6. Management planning
7. Prolonged economic life
Requirements of renting real property - ANSWER In most states, renting or leasing real property in an
agency capacity for others generally requires a real estate brokers license.
Power of attorney - ANSWER Persons holding an executed power of attorney from an owner of real
property can sell or lease the property under the power of attorney.
