FREE CAPS Rental Property Management Question and Answer

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

FALSE

TRUE

I don't know

Maybe

Correct! Wrong!

Successful integration of debt collection with property management software requires a holistic approach that encompasses technology, data management, and effective communication strategies.

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

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

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

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

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.

Correct! Wrong!

Involving property management in the information-gathering phase of new development feasibility is crucial because they possess specialized knowledge and experience that can significantly enhance the evaluation process.

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

Auto Incidents

General Liability

Property Damage or Theft

Content Creation

Correct! Wrong!

The 5 common types of incidents in real property management are:

1. Auto Incidents
2. General Liability
3. Property Damage or Theft
4. Workers Compensation Injuries
5. Miscellaneous incidents such as threats, crimes, environmental or ADA issues

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?

Section 13

Section 7

Section 8

Section 9 - HR Employees

Correct! Wrong!

Section 8 – Property Employees

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

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

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

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

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

Correct! Wrong!

FREE CAPS Rental Property Management Question and Answer

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

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

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

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?

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

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