Property Management Exam 1 Questions and Answers | 100% Correct | Latest Update 2024

Property Management Exam 1 Questions and Answers | 100% Correct | Latest Update 2024 goal of the resident manager - Answer ️️ -increase net operating income obligation of the manager - Answer ️️ -provide the highest quality of living environment to residents while preserving the property's value and producing a profit for the owner key to success of the resident manager - Answer ️️ -to work effectively with the on-site team site-based positions - Answer ️️ -leasing professional, assistant manager, bookkeeper, maintenance supervisor, maintenance technician, housekeeping, ground workers, door staff and/or concierge, part-time or seasonal workers major responsibilities of the resident manager - Answer ️️ -maintaining the property, managing the staff, managing the occupancy, providing good customer service, marketing the property, risk management administration responsibilities of the resident manager - Answer ️️ -work within guidelines of formal management plan, maintain complete records, maintain system of account payable and receivable, make bank deposits, prepare budget, create a complete operations manual, create a resident handbook, upgrade security and safety procedures, collect rents, issue notices, process evictions, handle move-ins and move-outs, report accidents to regional manager operations responsibilities of the resident manager - Answer ️️ -hire employees, supervise team, coordinate ordering of supplies, obtain cost estimates, set up control system for service requests marketing responsibilities of the resident manager - Answer ️️ -prepare a marketing plan, set up model or rental office, use good salesmanship techniques, qualify prospects and process applications, market within guidelines of fair housing public relations responsibilities of the resident manager - Answer ️️ -communicate to create a good image for the property, resolve problems quickly, stimulate resident pride in property how to be a great manager - Answer ️️ -focus on making life at the property a positive experience for the residents, be responsive to the team, walk the property, cultivate good communication skills conventional properties - Answer ️️ -residential rentals that rent at market rates without government assistance, privately owned