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Related Flashcards
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Cards In This Set
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The demand for professional property management that occured in the late 1800s resulted primarily from:
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Reshaping the urban center by buliding tall buildings with elevators.
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Incubator spaces are most likely to be found in :
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Research parks
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Examples of special purpose propertied include:
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Nursing homes and cemetaries
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Which of the following types of real estate properties utilizes more professional property managers?
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Residential
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The professional property manager formulates plans to:
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Schieve the objectives of the owner
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The construction of multifamily unit ownership housing has been stimulated by:
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Rising land and construction costs
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Income producing properties that offer services are known as:
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Office property and business parks
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The ability of the property manager to assess a market and implement sales promotion is most critical when dealing with:
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Retail property
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Mini storage, unlike many other types of industrial property is:
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Not designed to meet the needs of any particular industry
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Ethics conduct refers to:
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Socially or culturally imposed rules of conduct that go beyond the letter of the law
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In the operating budget what is the name of the expenditure the accounts for money for replacement expenditures?
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Resurve funds
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In the market analysis, the specific goal of the property manager is to identify major economic trends and thier:
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Effect of the value of a specific property at the managers particular market level
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When evaluating the data in a neighborhood market survey, a residential property manager will be most concerned with:
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Trends in population demographics
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What should the manager do if the building is at 100% occupied?
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Consider raising the rent
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After inspecting and analyzing the comparables, a property manager should be able to estimate the routine operating costs for the subject property and :
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Provide the owner with an estimate of capital expenditures required to make the property competitive with similar properties
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