DC Property Management Samenvattingen, Aantekeningen en Examens

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 rent increase based on decision to: 1. Modernize 2. Rehabilitate 3. Change 4. C...

The primary responsibility of a real estate property manager is to understand and implement the owner's goals and objectives If an apartment building has 20 one bedroom units which rent for $800 per month and 30 two bedroom apartments which rent for $1500 per month, what is the Gross Potential Rental Income per month? Gross Potential Rental Income per month calculation ($800 x 20) + ($1500 x 30) =$61,000 per month Management Plan The plan describes in detail the subject property's intende...

DC Property Management Exam Study Guide with Complete Solutions Management Plan - Correct Answer 1. Current use 2. Current condition 3. Fiscal projections 4. Operational issues Market Analysis - Correct 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 - Correct Answer Theoretical costs and potential ...

Management Plan correct answers 1. Current use 2. Current condition 3. Fiscal projections 4. Operational issues Market Analysis correct answers 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 correct answers Theoretical costs and potential for rent increase based on decision to: 1. Modernize 2. Rehabilit...

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 rent increase based on decision to: 1. Modernize 2. Rehabilitate 3. Change 4. Convert ...

a lease agreement between a tenant a sub-tenant where the original tenant essentially becomes a middle-man between the landlord and the subtenant assumes both landlord duties to the sub-tenant and tenant duties to the landlord - correct answer sublet/sublease agreement describes in detail the subject property''s current use along with its physical condition, fiscal projections and any operational issues - correct answer management plan rehabilitate the property w/out altering its existin...

What does the term "Triple Net" mean when referring to commercial leases - ANSWER refers to commercial tenant paying ALL Operating Expenses including real estate taxes, insurance, roof maintenance, landscaping, etc. This is the most commonly found in industrial leases. Percentage Lease - ANSWER A lease, that requires tenant to pay rent based on a calculation that relates directly to the tenant's gross sales. Usually stipulates a base monthly rental plus a percentage of any gross sales ab...

The demand for professional property management around the end of the nineteenth century resulted primarily from - ANSWER the invention of the high-speed elevator---Also steel framed buildings, development of suburban areas and investment opportunities. What organization awards the designation Certified Property Manager (CPM)? - ANSWER Institute of Real Estate Management (IREM)---IREM offers opportunities for property managers to share ideas and programs to instruct those coming into the bu...

DC Property Managers Study Guide with questions Solved with Verified Answers 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 manage...