Lesson 12: Property Management Flashcards
1
Q
regional analysis
A
occupancy rates, market rental rates, general employment levels.
and for residential property, family size, and life-style
2
Q
technical oversupply
A
There is a technical oversupply of property when there are more units than potential tenants.
When there are enough potential tenants, but not enough who are able to pay the current rent, then it’s called an economic oversupply.
3
Q
technical shortage
A
On the other hand, there may be a technical shortage of units (more potential tenants than units) or an economic shortage of units (more able-to-pay tenants than units)
4
Q
unlawful detainer action
A
The legal eviction process is called an unlawful detainer action.
