Real Estate Property Management

DC Property Managers Study Guide Questions And Correct Answers| Latest Update Management Plan - ANSWER Assists the owner in meeting their goals while maximizing the property's value and return. The plan describes in detail the subject property's current use along with it's physical condition, fiscal projections, and operational issues (includes an analysis of the market regional & neighborhood). Organizational and educational programs available to assist in enhancing the proper...

Real Estate - Property Management Questions and answers latest update

Property Management Exam One: Quiz Review (Chapters 1-5) Exam with 100% Correct Answers | 2024 Update Property Managers have three goals: - Answer ️️ -1. Maintain/Raise property value 2. Obtain Owner's objectives 3. Raise owner's income Several developments caused demand for effective, professional managers. They are: - Answer ️️ -a. suburban sprawl b. steel building/elevators c. industrial building d. the capital gains of buying and holding property The four (4) major classi...

Leasing and Property Management Exam with Complete & Verified Solutions | Updated 2024 Jeanetta leases an apartment from Quad City Leasing. Jeanetta has filed a complaint with the state real estate licensing division stating that Marissa, Quad City's property manager, breached her fiduciary duty of loyalty to Jeanetta. Which of these statements about this situation is true? A. As a property manager, Marissa doesn't owe fiduciary duties to clients or residents. B. As a property manager, ...

DC Property Management Exam Questions And Correct Answers| Latest Update Management Plan - ANSWER : 1. Current use 2. Current condition 3. Fiscal projections 4. Operational issues Market Analysis - ANSWER : Regional and neighborhood evaluation focusing on: 1. Demographic conditions 2. Geographic features 3. Governmental perspective 4. Existing real estate supply 5. Future developments 6. Tenant demand Analysis of Alternatives - ANSWER : Theoretical costs and potential for re...

National Real Estate Exam: Leases and Property Management-Questions and Answers | 100% Correct | Latest Update 2024 Lease - Answer ️️ -Transfers possession, giving tenant right to exclusive possession of property against all other parties. Both a conveyance and contract. Lease Conveyance - Answer ️️ -It conveys a leasehold estate to a tenant Lease Contract - Answer ️️ -Gives tenant right to exclusive possession including landlord. Quiet Enjoyment - Answer ️️ -use of the pro...

Property Management Exam Questions with Complete Solutions | 100% Correct | Updated 2024 The basic goal of the professional property manager is to 1. maintain the property in as perfect a condition as possible. 2. get the highest possible long-term, net return. 3. obtain tenants who will stay for long periods of time. 4. keep administration costs to a minimum. - Answer ️️ -2. get the highest possible long-term, net return. A property manager working for a property owner owes their cl...

Property Management Progress Exam Questions with 100% Correct Answers | Latest Update 2024 cost, history of vacancy, potential increase in real property taxes. - Answer ️️ -An owner of an apartment building is considering an extensive modernization program. He should put his highest emphasis on: apartments. - Answer ️️ -The term walk-up refers to: The Institute of Real Estate Management. - Answer ️️ -The initials "I.R.E.M." stand for: lessor. - Answer ️️ -Unlawful Detain...

Property Management Exam 1 Questions and Answers | 100% Correct | Latest Update 2024 4 special residential property types - Answer ️️ -affordable housing condo single family housing student housing affordable housing - Answer ️️ -when the government provides subsidies to make housing more affordable; government rent controlled vouchers and tax credit properties are examples challenges of affordable housing - Answer ️️ -may compete with market rate housing paperwork is extens...

Property Management Exam 1 Latest Questions with 100% Accurate Answers 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, assista...