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Exam (elaborations)

Pm2664 Exam 1 Questions With Complete Solutions!!

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PM2664 EXAM 1 QUESTIONS WITH COMPLETE SOLUTIONS!!

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PM2664 EXAM 1 QUESTIONS WITH
COMPLETE SOLUTIONS!!




1 of 67

Definition



tied to property itself; HUD offers rental subsides to owners in the
form of housing assistance payment contract



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Real estate investment trusts Private market rental agreements

, Project based government Commercial property leasing
assisted housing contracts


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2 of 67

Term


Describe a mid-size property management company



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Head of Property
Management:

District Managers, tied to property itself; HUD offers
Accounting/IT, Human rental subsides to owners in the
Resources form of housing assistance payment
contract
Property Managers(under
district managers)




Maintain property
Manage staff
Manage occupancy Amenities are becoming more
Provide good customer popular and play a vital role
service Market Property in marketing properties
Risk Management



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, 3 of 67

Term


The largest line item of a Property's operating budget is typical



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technology labor




money land


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4 of 67

Term


List the property management trade organizations



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, Financial

Risk management

Marketing

Hospitality

Human Resource management

Maintenance management




National Apartment Association (NAA)




National Apartment Association (NAA)

Institute of Real Estate Management (IREM)

National Multi Housing Council (NMHC)

National Affordable Housing Management Association (NAHMA)




Individual investors

Partnerships

Joint ventures

Corporate ownership

Industrial ownership

REITs

Shared interest associations

Government

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