Property Management Specializations
What are the broad categories of property a property manager can specialize
in? - correct answer ✔1. residential property
2. commercial property
3. industrial property
4. special-purpose property
T/F- When managing residential property, a property manager will be
interacting with tenants on a more personal basis and resolving home-related
issues. They will need to be able to maintain positive relationships with many
tenants simultaneously - correct answer ✔T
What are the most common types of residential properties that a property
manager might work on? - correct answer ✔single family, vacation
properties, multi-family residences, manufactured homes, REO property (real
estate owned)
what is REO? - correct answer ✔this stands for real estate owned - it refers
to bank-owned properties that have been through the foreclosure process.
T/F - In addition to the more popular forms of residential housing we just
discussed, there are even more niches within the world of specialized
residential property management, including subsidized housing and military
housing - correct answer ✔t
Which of the following is a type of residential property?
A. resort
B. vacation property
, c. bed & breakfest
D. mall - correct answer ✔b
All commercial property is income-producing. There are two broad categories
of commercial real estate. What are they? - correct answer ✔1. retail
property (from which goods are sold)
2. office property (where occupants provide services to the public)
All of the below are examples of what?
Stores (grocery, clothing, electronics — you name it!)
Shopping centers
Malls and outlets
Restaurants
Gas stations - correct answer ✔retail properties
All of the below are examples of what?
Physicians
Attorneys
Insurance companies
Real estate brokerages
Accountants and other financial service companies
Corporate offices for a variety of businesses, including retail - correct answer
✔office property
A restaurant can be classified as a type of:
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