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NC Post Licensing 303 Questions and Answers Already Passed CA$14.43   Add to cart
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NC Post Licensing 303 Questions and Answers Already Passed
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NC Post Licensing 303 Questions and Answers Already Passed What is a rent roll in property management? A detailed report of all rental income and tenant information for a property. What are common responsibilities of a property manager regarding tenant screening? Conduct background che...

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  • September 6, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • nc post licensing 303 questions and answers alrea

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  • NC Post Licensing 303
  • NC Post Licensing 303

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NC Post Licensing 303 Questions and
Answers Already Passed
What is a rent roll in property management?


✔✔ A detailed report of all rental income and tenant information for a property.




What are common responsibilities of a property manager regarding tenant screening?


✔✔ Conduct background checks, verify income, and assess creditworthiness of prospective

tenants.




What is an operating budget for a property?


✔✔ A financial plan that outlines expected income and expenses for the property's management.




How should a property manager handle tenant complaints about noise?


✔✔ Investigate the complaint, communicate with the involved parties, and enforce any

applicable lease terms.




What is the purpose of regular property inspections?


✔✔ To ensure the property is being maintained properly and to identify any issues early.


1

, What is an operating reserve in property management?


✔✔ Funds set aside to cover unexpected expenses or emergencies related to property

management.




How should a property manager handle lease renewals?


✔✔ Review the current lease terms, negotiate any changes, and provide tenants with a new lease

agreement if terms are agreed upon.




What is the role of a property manager in handling security deposits?


✔✔ Collect, manage, and return security deposits according to legal requirements and lease

terms.




What is a tenant retention strategy?


✔✔ A plan implemented by property managers to keep current tenants satisfied and encourage

them to renew their leases.




What is the process for handling a tenant’s request for modifications to a rental property?




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