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(CPI) - ANSWER-the CPI measures inflation and deflation rates
(EGI) effective gross income - ANSWER-effective gross income is the
measurement of all property's income (rent and other income) minus
vacancy and collection allowance. the EGI is an intermediate step for
estimating net operating income (NOI) the formula for the EGI is
GROSS POTENTIAL RENT +OTHER INCOME VACANCY AND BAD DEBT.
(GAR) gross actual rent - ANSWER-gross actual rent is a total of all
current actual rental rates for occupied units and current market rents
for vacant units (multiply that number by 12 for a yearly calculation)
this formula is used to calculate revenue for budgeting purposes
(GPR) gross potential rent - ANSWER-gross potential rent is a total of
all current market rents for each unit. take the total number of unit
,rents and multiply that number by 12 for an annual gross revenue
projection.
3 types of communications - ANSWER-Nonverbal, oral and written.
1988 - ANSWER-1988 fair housing amendments act added families
with children and disable fair housing.
A 24 hour notice is required to enter a resident unit in case of: -
ANSWER-smoke detector maintenance
a building build prior 1978 - ANSWER-are presumed to contain lead
based paint
A coding system , often referred as a "chart of accounts" - ANSWER-is
use to record the type of payment collected
A reasonable accommodation is required when? - ANSWER-a request
for a reasonable accommodation can be made at anytime, from the
initial contact with a prospect to the final stages of the eviction
process.
a reimbursement receipt is not proved of a service request - ANSWER-
a reimbursement receipt is not a prove of a service request
a resident can terminate a lease - ANSWER-a resident can terminate a
lease with the day notice
a standard goal should be? - ANSWER-to convert 75% of all calls to
walk - in traffic.
a thirty day/ sixty day notice of termination can be given when -
ANSWER-in most areas, a thirty day/sixty day notice of termination of
, tenancy can be given to a resident without reason if the resident is in
a month to month rent.
A THREE DAY NOTICE TO PAY RENT OR QUIT - ANSWER-should include
the names of all known occupants, cosigners and all others in
possession. make certain a copy is mailed to the guarantor as well.
ADA - ANSWER-Americans disability act
ADA applies - ANSWER-ADA applies to public accommodations and
readily achievable barrier removal
after a chemical is listed - ANSWER-ones a chemical is listed on prop
65, business have 12 months to comply with the warning
requirements.
air conditioner - ANSWER-an air conditioner not working when the
temperature is 75 degrees would be considered urgent if the
temperature is 95 degrees and the resident is elderly, it would be an
emergency.
all emails - ANSWER-should be responded to immediately (within the
2 hour time frame) prospects communicating email experts a quick
reply.
ancillary income - ANSWER-refers to sources of revenue other than
rents.
Asbestos addendum - ANSWER-is recommended for all rental
property build before 1981
attorney - ANSWER-chose an attorney for the specific issue that needs
to be addressed