Free CAPS Rental Property Management Question and Answer

Question 1

What are the five most common environmental hazards that we encounter in property management?

Accepted Answer

1. Asbestos
2. Lead
3. Radon
4. Carbon Monoxide (CO)
5. Mold

Answer

1. Air Pollution
2. Water Pollution
3. Soil Contamination
4. Hazardous waste
5. Noise Pollution

Answer

1. Radiation
2. Deforestation
3. Chemical Spill
4. Invasive Species
5. Noise Pollution

Answer

1. Vehicles
2. Generators
3. Gas Stove
4. Heater
5. Appliances

Question 2

What is NOT one of the five most common types of incidents in real property management?

Accepted Answer

Content Creation

Answer

Auto Incidents

Answer

General Liability

Answer

Property Damage or Theft

Question 3

Based on a typical management agreement, which section would address whether site employees are employed by the property or are employed by the property management company?

Accepted Answer

Section 8

Answer

Section 13

Answer

Section 7

Answer

Section 9 - HR Employees

Question 4

Integrating debt collection with property management software can be very successful since it depends on site level interaction.

Accepted Answer

FALSE

Answer

TRUE

Answer

I don't know

Answer

Maybe

Question 5

What is the key advantage for involving property management in the information-gathering portion of new development feasibility?

Accepted Answer

Property management personnel are most likely to best interact with other property management personnel and thus better able to gather and evaluate the necessary information.

Answer

Property management can solely focus on financial projections without considering operational aspects.

Answer

Property management personnel typically have less experience with market trends compared to development teams.

Answer

Property management is primarily responsible for marketing the property, making their input on feasibility unnecessary.