K eepin g as a DC Pr oper ty Man ager
w ith com plete ver ifi ed solu tion s
(Guar an teed Success )
What kind of budget serves two primary purposes: to help
property managers maximize profitability and to avoid unforeseen
major expenses? - answer Operating Budget
What does Section 504 of the Rehabilitation Act of 1973 do? -
answer Protects persons with disabilities from discrimination in
programs that get financial assistance from the federal
government
How does the District Opportunity to Purchase Act promote
affordable housing? - answer By maintaining the affordable status
of existing affordable rental units
Landlord Miguel turned off a tenant's power after the tenant filed
a complaint with the local housing authority. This is ______. -
answer Landlord retaliation
, Steve is a property manager who has gotten rave reviews from his
property owner clients. He has a clear understanding of a
property manager's primary goal, and field-tested methods to
achieve it. What is Steve's primary focus? - answer Producing the
greatest net return for the property owner
Some condominium reserves are inadequate to meet unexpected
expenses. What's a good rule of thumb for reserves? - answer
They should equal 20% of association dues.
When can a condo owner in Washington D.C. avoid foreclosure by
curing a payment default? - answer By paying the full amount at
ANY TIME before the foreclosure date.
Margot owns a small 10-unit apartment complex. She is retiring
and headed to Florida, and plans to sell the building this year.
Margot is _______. - answer Required to give the tenants an
opportunity to purchase the accommodation
In order for a unit to qualify as an accessory dwelling unit under
DC law, what must it have? - answer A separate kitchen and
bathroom facilities