DC Property Managers Study Guide
Questions with Correct Answers
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A Comparison Analysis should include: - Answer -Locational advantages/Accessibility, Curb Appeal,
Interior conditions, quality of finishes, Amenities, Rents per square foot, Operating expenses per square
foot
A landlord may evict a tenant for only one of ten statutory reasons some of those reasons include -
Answer -Nonpayment of rent, Violation of an obligation of tenancy, of which the tenant failed to
correct after notice; Tenant performed as illegal act within the rental unit.
A Management Plan is made up of how many what 7 components? - Answer -Regional Analysis,
Neighborhood Analysis, Property Analysis, Market Analysis, Analysis of Alternatives, Proposed Property
Analysis, Investment Analysis.
A property's foreclosure in not - Answer -A legal basis to evict tenant. Should an eviction occur,
there is no change in tenant's rights.
A request from an owner or tenant must be made in 15 days of the 30 day expiration period allowed -
Answer -for the tenant organization to set a date for an election after coordinating the date with
the Conversion & Sales Regulatory Office.
A tenant organization must set a date of election and notify the owner within - Answer -30-days
Actions that could put management company and owner at risk include: - Answer -Improper
handling of evictions, unlawful rent collections, failure to return security deposit, not maintaining proper
compliance with Rental Accommodations Division (RAD).
All evictions except non-payment of rent must be filed with - Answer -Rental Accommodations
Division (RAD)
Alternatives to consider when making different improvements or when redeveloping a property -
Answer -Rehabilitation without altering existing use, Modernize the property by updating finishes,
Change the use of building, including converting to another property type, or demolishing for new
development, or Conversion to a condo ownership structure.
An example of Functional Obsolescence is - Answer -Equipment that can not be repaired because
parts are no longer manufactured; single pane window systems that waste energy; outdated bathroom
fixtures because of changing design and taste.
, An owner asks the property manager to submit an Offer of Sale under DOPA. The property manager
should submit the offer to: - Answer -The District of Columbia Department of Housing and
Community & Development (DHCD).
An owner can be directly affected by manager's..... - Answer -Improper handling of evictions,
unlawful rent collections, failure to return security deposits, not maintaining proper compliance with the
Rental Accommodations Division (RAD)
An owner of a housing accommodation who wishes to convert shall each tenant and to the Conversion &
Sale Regulatory Office - Answer -A request for election.
Analysis of Alternative - Answer -Looks at the theoretical costs and corresponding increase in rents
by making different improvements, even property's redevelopment.
Another name for Tenants - Answer -Lessee
Assessed Value - Answer -The value used by government tax assessment offices
Asset Management focuses on - Answer -The property's long term planning, leasing and asking
rates, negotiates commercial leases, evaluates mortgages & opportunities to refinance the
loan,considers strategies to maximize value and when to market the property for sale.
Before marketing an available space or unit, - Answer -Be sure that it is clean and presentable and
that the owner has approved all marketing plans.
Capital Expenditures - Answer -Projects that help extend the property's life.
Cash Flow - Answer -is the amount of money that remains after Debt Service is subtracted from
Net Operating Income. Is often used by investors to determine the owner's Return On Investment
Changes in ownership or management and all housing accommodations or rental unit must be filed to
include: rental units built after 1975, federally or District subsidized, rental units that were vacant when
the act took effect, a person who owns no more than 4 rental units. - Answer -with RAD, Rental
Accommodations Division within 30-days.
Chart of Accounts - Answer -is utilized to classify each of the different types of the income and
expenses.
Comparison Analysis - Answer -Helps determine if the subject property's rental rates are
appropriate for the market.
Curative Maintenance involves...... - Answer -Fixing or repairing something after it has already
broken. An example would be fixing a broken sink
Debt Service - Answer -includes both interest and principal reduction and is subtracted from Net
Operating Income.
Deferred Maintenance - Answer -Involves delaying needed repairs and maintenance to save
money.
Questions with Correct Answers
Download!!
A Comparison Analysis should include: - Answer -Locational advantages/Accessibility, Curb Appeal,
Interior conditions, quality of finishes, Amenities, Rents per square foot, Operating expenses per square
foot
A landlord may evict a tenant for only one of ten statutory reasons some of those reasons include -
Answer -Nonpayment of rent, Violation of an obligation of tenancy, of which the tenant failed to
correct after notice; Tenant performed as illegal act within the rental unit.
A Management Plan is made up of how many what 7 components? - Answer -Regional Analysis,
Neighborhood Analysis, Property Analysis, Market Analysis, Analysis of Alternatives, Proposed Property
Analysis, Investment Analysis.
A property's foreclosure in not - Answer -A legal basis to evict tenant. Should an eviction occur,
there is no change in tenant's rights.
A request from an owner or tenant must be made in 15 days of the 30 day expiration period allowed -
Answer -for the tenant organization to set a date for an election after coordinating the date with
the Conversion & Sales Regulatory Office.
A tenant organization must set a date of election and notify the owner within - Answer -30-days
Actions that could put management company and owner at risk include: - Answer -Improper
handling of evictions, unlawful rent collections, failure to return security deposit, not maintaining proper
compliance with Rental Accommodations Division (RAD).
All evictions except non-payment of rent must be filed with - Answer -Rental Accommodations
Division (RAD)
Alternatives to consider when making different improvements or when redeveloping a property -
Answer -Rehabilitation without altering existing use, Modernize the property by updating finishes,
Change the use of building, including converting to another property type, or demolishing for new
development, or Conversion to a condo ownership structure.
An example of Functional Obsolescence is - Answer -Equipment that can not be repaired because
parts are no longer manufactured; single pane window systems that waste energy; outdated bathroom
fixtures because of changing design and taste.
, An owner asks the property manager to submit an Offer of Sale under DOPA. The property manager
should submit the offer to: - Answer -The District of Columbia Department of Housing and
Community & Development (DHCD).
An owner can be directly affected by manager's..... - Answer -Improper handling of evictions,
unlawful rent collections, failure to return security deposits, not maintaining proper compliance with the
Rental Accommodations Division (RAD)
An owner of a housing accommodation who wishes to convert shall each tenant and to the Conversion &
Sale Regulatory Office - Answer -A request for election.
Analysis of Alternative - Answer -Looks at the theoretical costs and corresponding increase in rents
by making different improvements, even property's redevelopment.
Another name for Tenants - Answer -Lessee
Assessed Value - Answer -The value used by government tax assessment offices
Asset Management focuses on - Answer -The property's long term planning, leasing and asking
rates, negotiates commercial leases, evaluates mortgages & opportunities to refinance the
loan,considers strategies to maximize value and when to market the property for sale.
Before marketing an available space or unit, - Answer -Be sure that it is clean and presentable and
that the owner has approved all marketing plans.
Capital Expenditures - Answer -Projects that help extend the property's life.
Cash Flow - Answer -is the amount of money that remains after Debt Service is subtracted from
Net Operating Income. Is often used by investors to determine the owner's Return On Investment
Changes in ownership or management and all housing accommodations or rental unit must be filed to
include: rental units built after 1975, federally or District subsidized, rental units that were vacant when
the act took effect, a person who owns no more than 4 rental units. - Answer -with RAD, Rental
Accommodations Division within 30-days.
Chart of Accounts - Answer -is utilized to classify each of the different types of the income and
expenses.
Comparison Analysis - Answer -Helps determine if the subject property's rental rates are
appropriate for the market.
Curative Maintenance involves...... - Answer -Fixing or repairing something after it has already
broken. An example would be fixing a broken sink
Debt Service - Answer -includes both interest and principal reduction and is subtracted from Net
Operating Income.
Deferred Maintenance - Answer -Involves delaying needed repairs and maintenance to save
money.
