Which of the following is a core duty of a property manager?
Property managers are responsible for managing tenant relations, including handling leases, rent collection, and addressing tenant concerns.
What is the primary goal of property management?
The primary objective of property management is to enhance the property's value and generate the highest possible income for the owner.
Which document outlines the terms and conditions of a tenant's occupancy?
The lease agreement is a legally binding document that specifies the terms of the tenant's occupancy, including rent, duration, and responsibilities.
What should a property manager do if a tenant consistently pays rent late?
A property manager should follow the proper legal procedures by issuing a warning or notice, giving the tenant an opportunity to correct the behavior before taking further action.
Which of the following is a responsibility of a property manager when managing maintenance tasks?
Property managers typically oversee maintenance by hiring and supervising the necessary staff or contractors to ensure the property is well-maintained.