COS Property Management Practices 2

Question 1

Under HUD's Resident Rights provisions, how many days advance written notice must a property manager provide before entering an occupied unit for non-emergency maintenance?

Accepted Answer

24 hours

Answer

HUD guidelines require at least 24 hours advance written notice before entering an occupied unit for non-emergency purposes.

Question 2

A property manager discovers a unit has an unauthorized pet in a no-pet building. What is the correct first step?

Accepted Answer

Send a lease violation notice giving the resident a cure period

Answer

The first step is issuing a written lease violation notice that specifies the infraction and provides a reasonable cure period.

Question 3

Which document establishes the specific roles and responsibilities of a property management company when managing a federally assisted property?

Accepted Answer

Management Plan

Answer

The Management Plan outlines the management company's specific duties, policies, and procedures for operating the assisted property.

Question 4

When a resident's income increases mid-year in a HUD-assisted property, an interim recertification is required if the increase causes the household to exceed what threshold?

Accepted Answer

5% of annual gross income

Answer

HUD requires an interim recertification when a household's annual income increases by $200 per month or more (approximately 5% of annual gross income in most contexts).

Question 5

A property manager must complete a REAC inspection preparation process primarily to ensure what outcome?

Accepted Answer

The property meets HUD's physical condition standards

Answer

REAC (Real Estate Assessment Center) inspections evaluate whether the property meets HUD's physical condition standards for safe and decent housing.

(COS) Certified Occupancy Specialist Practice Test

(COS) Certified Occupancy Specialist Practice Test

COS Property Management Practices 2