What is the primary role of a property manager in real estate?
Correct!
Wrong!
A property manager is responsible for the day-to-day management of a property, including maintenance, tenant relations, and financial management.
Which document outlines the responsibilities and rights of both the landlord and tenant?
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Wrong!
A lease agreement is a contract that specifies the terms and conditions under which a tenant rents property from a landlord.
What is a common responsibility of a property manager regarding financial management?
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Wrong!
Property managers are responsible for creating and managing budgets that cover all expenses related to the property, including maintenance, utilities, and staffing.
What is the primary purpose of tenant screening in property management?
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Tenant screening is essential to ensure that tenants are financially responsible and likely to fulfill their lease obligations.
Which of the following is typically a part of routine property maintenance?
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Wrong!
Routine maintenance tasks, such as repairing leaks, help ensure that the property remains in good condition and meets safety standards.