PROPERTY MANAGEMENT EXAM 1| COMPLETE QUESTIONS WITH
100% RATED EXPERT SOLUTIONS |2026 LATEST UPDATED
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
, government-assisted housing - (answer)provides housing for low to moderate income
households, if managed properly almost assured of 100% occupancy, more regulations and
paperwork, certificates not always accepted but must be accepted at tax credit properties
project-based assistance - (answer)one form of government assisted housing where everyone
living there receives a subsidy
resident-based assistance - (answer)residential rentals that rent at fair market rates with rental
assistance from the government, privately owned, no new construction today, greatest
construction period during 1970s and 1980s, resident receives a housing voucher or certificate
and government pays a portion of the rent to the management (Section 8 certificate)
Section 236 - (answer)owner received discount on mortgage and, in turn, charges a lower rent
Section 8 - (answer)type of housing built after 1974, but no longer being built today, most
converted into conventional housing
100% RATED EXPERT SOLUTIONS |2026 LATEST UPDATED
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
, government-assisted housing - (answer)provides housing for low to moderate income
households, if managed properly almost assured of 100% occupancy, more regulations and
paperwork, certificates not always accepted but must be accepted at tax credit properties
project-based assistance - (answer)one form of government assisted housing where everyone
living there receives a subsidy
resident-based assistance - (answer)residential rentals that rent at fair market rates with rental
assistance from the government, privately owned, no new construction today, greatest
construction period during 1970s and 1980s, resident receives a housing voucher or certificate
and government pays a portion of the rent to the management (Section 8 certificate)
Section 236 - (answer)owner received discount on mortgage and, in turn, charges a lower rent
Section 8 - (answer)type of housing built after 1974, but no longer being built today, most
converted into conventional housing
