Preview Questions Property Manager | Role Specific Skill

Question 1: How do you maintain a comprehensive service contract for ongoing maintenance of a commercial real estate portfolio?

Which action should you take?

Choose only one option

Ignore contract renewals as long as maintenance is handled

Review and update service contracts annually to align with evolving needs

Allow service contracts to lapse, focusing on ad-hoc repairs

Hire contractors for individual tasks as needed without contracts

Question 2: When should a Property Manager consider offering incentives (e.g., rent discounts) to tenants for renewing their lease?

Which action should you take?

Choose only one option

When market conditions favor tenant retention and property vacancies

When rent arrears have been resolved

Only when tenant complaints are frequent

When the property has high vacancy rates

Question 3: What must a property manager verify before executing a lease renewal with an existing tenant?

Which action should you take?

Choose only one option

Current market rent rates

Tenant's maintenance history

Compliance with building regulations

Tenant's credit score

Question 4: When a tenant submits an improvement request that conflicts with property policy, what steps should you take to ensure satisfaction while adhering to policies?

Which action should you take?

Choose only one option

Deny the request outright without any explanation

Allow the request and make an exception to the policy

Evaluate the request and provide alternatives that align with policy

Suggest tenants make the improvement on their own at their cost

Question 5: In a property budget review meeting, how do you best present the variance between actual expenses and the approved budget to senior stakeholders?

Which action should you take?

Choose only one option

Provide a detailed analysis of all variances without suggesting actions

Highlight key variances and suggest corrective actions

Avoid detailed variance analysis, focusing on overall financial health

Only address the largest discrepancies to minimize discussion

Question 6: Which federal law requires property managers to ensure accessibility for people with disabilities in rental properties?

Which action should you take?

Choose only one option

Americans with Disabilities Act (ADA)

Civil Rights Act of 1964

Fair Housing Act

Rehabilitation Act of 1973