Property Management

Property Management Exam 2, Complete Solution High tenant turnover means increases for the landlord in advertising expenses A record of lease renewal dates should be kept so that the property manager will know when to contact good tenants in an attempt to retain them The establishment of good tenant relations begins with joint inspection of the premises by the manager and tenant before move-in In which property is inspection of the premises with new tenant the most important? residential...

Property Management Exam 2, Complete Solution High tenant turnover means increases for the landlord in advertising expenses A record of lease renewal dates should be kept so that the property manager will know when to contact good tenants in an attempt to retain them The establishment of good tenant relations begins with joint inspection of the premises by the manager and tenant before move-in In which property is inspection of the premises with new tenant the most important? residential...

Cash Flow Report Correct Answer: the single most important financial report. A financial report showing the property's net operating income minus all additional disbursements such as debt service and capital improvements and the amount remitted to the owner. Cash flow Correct Answer: An item in a property's financial operating reports that represents the net operating income minus all additional disbursements such as debt service and capital improvements. Anticipated Revenue-operating e...

Chapter 1 Correct Answer: Goals of the Property Manager Correct Answer: 1. Achieve the objectives of the property owners; 2. Generate income for the owners; 3. Perserve and/or increase the value of the investment property. Development of the Property Management Profession Correct Answer: Steel frame buildings and the electric elevator. Development of the suburban areas. Classification of real property Correct Answer: 1.Residential 2. Commercial 3. Industrial 4. Special-purpos...