DC Property Managers Study Guide
with complete verified solutions
(Guaranteed Success )
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 property manager's knowledge, identifying resources to
resolve issues, and expanding their business network. - answer Institute
of Real Estate Management (IREM), National Association of Realtors
(NAR), Greater Capital Area Association of Realtors (GCARR), building
Owners & Managers Association (BOMA), National Association of Real
Estate Brokers, International Council of Shopping Centers (ICSC), and
National Property Management Association.
Market Analysis - answer Focuses on regional and neighborhood
evaluations. Includes demographic conditions, geographic features,
governmental prospective, existing real estate supply, future
developments, and tenant/resident demand
,Market Analysis & Competitive Property Analysis helps to..... - answer
Identify the subject property's strengths and weaknesses
The Highest & Best Use - answer When the property manager considers
alternatives to improve the property's weaknesses or further enhance
its strengths to improve overall economic performance.
Analysis of Alternative - answer Looks at the theoretical costs and
corresponding increase in rents by making different improvements,
even property's redevelopment.
When determining the best use of property, alternatives to consider
are......... - answer Rehabilitate without altering its existing use,
Modernize by updating finishes (more efficient equipment), Change the
Use of building (including conversion), or Conversion to a condominium
m ownership structure.
Capital Expenditures - answer Projects that help extend the property's
life.
Physical Obsolescene - answer is characterized as a condition of aging
(i.e. wear & tear) or deferred maintenance. Examples are worn carpet,
peeling paint, a leaking roof, or dead landscaping
, Functional Obsolescene - answer is characterized by old or outdated
designs or building systems.
Economic Obsolesence - answer Represents a loss in value due to
outside forces (i.e. location, market conditions). Examples would be an
office building, locates in a small town, where the major employer
closes.
Investment Value - answer A value generally used by investors
Assessed Value - answer The value used by government tax assessment
offices
Market Value - answer The value that is agreed to between a buyer &
seller
Rules of Ethics for Property Manager - answer Loyalty to client,
confidentiality, accurate accounting & reporting, protection of owner's
funds, conflicts of interest, and compliance with law regulations.
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)
with complete verified solutions
(Guaranteed Success )
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 property manager's knowledge, identifying resources to
resolve issues, and expanding their business network. - answer Institute
of Real Estate Management (IREM), National Association of Realtors
(NAR), Greater Capital Area Association of Realtors (GCARR), building
Owners & Managers Association (BOMA), National Association of Real
Estate Brokers, International Council of Shopping Centers (ICSC), and
National Property Management Association.
Market Analysis - answer Focuses on regional and neighborhood
evaluations. Includes demographic conditions, geographic features,
governmental prospective, existing real estate supply, future
developments, and tenant/resident demand
,Market Analysis & Competitive Property Analysis helps to..... - answer
Identify the subject property's strengths and weaknesses
The Highest & Best Use - answer When the property manager considers
alternatives to improve the property's weaknesses or further enhance
its strengths to improve overall economic performance.
Analysis of Alternative - answer Looks at the theoretical costs and
corresponding increase in rents by making different improvements,
even property's redevelopment.
When determining the best use of property, alternatives to consider
are......... - answer Rehabilitate without altering its existing use,
Modernize by updating finishes (more efficient equipment), Change the
Use of building (including conversion), or Conversion to a condominium
m ownership structure.
Capital Expenditures - answer Projects that help extend the property's
life.
Physical Obsolescene - answer is characterized as a condition of aging
(i.e. wear & tear) or deferred maintenance. Examples are worn carpet,
peeling paint, a leaking roof, or dead landscaping
, Functional Obsolescene - answer is characterized by old or outdated
designs or building systems.
Economic Obsolesence - answer Represents a loss in value due to
outside forces (i.e. location, market conditions). Examples would be an
office building, locates in a small town, where the major employer
closes.
Investment Value - answer A value generally used by investors
Assessed Value - answer The value used by government tax assessment
offices
Market Value - answer The value that is agreed to between a buyer &
seller
Rules of Ethics for Property Manager - answer Loyalty to client,
confidentiality, accurate accounting & reporting, protection of owner's
funds, conflicts of interest, and compliance with law regulations.
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)
