NAA-CAM Certified Apartment Manager Complete
Review 2026 | High-Yield Content
1. Describe the significance of Other Income (OI) in the financial management
of a property.
Other Income (OI) only includes rental income.
Other Income (OI) contributes to the overall revenue and financial
health of a property beyond just rent.
Other Income (OI) is solely derived from property sales.
Other Income (OI) is irrelevant to property management finances.
2. If a property manager increases the fees for amenities, how would this affect
the Other Income (OI) and overall financial performance of the property?
It would increase Other Income (OI) and potentially improve overall
financial performance.
It would have no effect on Other Income (OI) or financial
performance.
It would decrease Other Income (OI) and harm financial performance.
It would only affect rental income, not Other Income (OI).
3. : A manager decides to subtract a 5% vacancy factor, leaving $5,000 per
month income after that subtraction. If there is no miscellaneous income, that
$5,000 amount would be the property's:
potential gross income
effective gross income
net operating income
after-tax cash flow
, 4. Describe the significance of Gross Potential Rent (GPR) in evaluating a
property's financial performance.
GPR is used to calculate the net operating income of a property.
GPR reflects the actual cash flow received from tenants during a
specific period.
GPR is the income after accounting for maintenance and management
costs.
GPR indicates the maximum revenue potential of a property,
serving as a benchmark for assessing actual income.
5. A property manager is asked to report the effective gross income (EGI) on
investment property to the owner. The office building has potential gross
rental income of $250,000 annually. The vacancy rate is 7%. There is an
additional monthly income of $750 from the business center and the vending
machines. What is the EGI?
$240,890
$240,870
$200,870
$140,860
6. The vacancy rate affects income property analysis in which of the following
ways?
> Rising vacancy increases overall investment return.
> Rising vacancy increases market rents.
> Rising vacancy increases total operating expenses.
> Rising vacancy decreases net income.
Review 2026 | High-Yield Content
1. Describe the significance of Other Income (OI) in the financial management
of a property.
Other Income (OI) only includes rental income.
Other Income (OI) contributes to the overall revenue and financial
health of a property beyond just rent.
Other Income (OI) is solely derived from property sales.
Other Income (OI) is irrelevant to property management finances.
2. If a property manager increases the fees for amenities, how would this affect
the Other Income (OI) and overall financial performance of the property?
It would increase Other Income (OI) and potentially improve overall
financial performance.
It would have no effect on Other Income (OI) or financial
performance.
It would decrease Other Income (OI) and harm financial performance.
It would only affect rental income, not Other Income (OI).
3. : A manager decides to subtract a 5% vacancy factor, leaving $5,000 per
month income after that subtraction. If there is no miscellaneous income, that
$5,000 amount would be the property's:
potential gross income
effective gross income
net operating income
after-tax cash flow
, 4. Describe the significance of Gross Potential Rent (GPR) in evaluating a
property's financial performance.
GPR is used to calculate the net operating income of a property.
GPR reflects the actual cash flow received from tenants during a
specific period.
GPR is the income after accounting for maintenance and management
costs.
GPR indicates the maximum revenue potential of a property,
serving as a benchmark for assessing actual income.
5. A property manager is asked to report the effective gross income (EGI) on
investment property to the owner. The office building has potential gross
rental income of $250,000 annually. The vacancy rate is 7%. There is an
additional monthly income of $750 from the business center and the vending
machines. What is the EGI?
$240,890
$240,870
$200,870
$140,860
6. The vacancy rate affects income property analysis in which of the following
ways?
> Rising vacancy increases overall investment return.
> Rising vacancy increases market rents.
> Rising vacancy increases total operating expenses.
> Rising vacancy decreases net income.
