Unit 19: Property Management Flashcards
A property manager in a _______relationship with the property. Owner could be an independent contractor with great authority and discretion in the management decisions.
General agency
Agreement is also known as a…
Contract
A real estate agent is a…
Special agent
The first step in taking over the management of any property is to enter into a _______, a contract, creating a general agency relationship between the owner and the property manager
Management agreement
Rental rates are influenced primarily by…
Supply and demand
______Includes regularly scheduled activities, such as painting and seasonal servicing of appliances and systems
Preventative maintenance
Repair or ______involves the actual repairs that keep the buildings, equipment, utilities, and amenities functioning.
Corrective maintenance
A property manager also must supervise the _______ of the building.
Routine maintenance
A manager should use the same ____- application for every applicant
Lease
Avoid control transfer, and retain are all…
Risk management techniques