Description
Assignment 2:
Checklist:
- Complete study exercises 17, 21, and 22 found in Chapter 9
- Complete study exercises 1-9 in Chapter 10 from your text.
- Download the Sales Comparison Market Data (Excel® spreadsheet) and save to your computer to complete some of the exercises above.
- Submit your responses in a Microsoft Word document along with your Excel spreadsheet to the Assignment Dropbox.
Explanation & Answer
Attached.
Running head: PROPERTY MANAGEMENT
1
Property Management
Student’s name
Institution
Date
PROPERTY MANAGEMENT
2
1. What is the primary objective of a property manager?
In real estate management, the objective of a property manager is to maximize the value of the
property. When hired, the property manager acts as an agent for the property owner with respect
to the leasing, marketing, and overall operation of the property.
2. What are the general functions of a property manager?
The functions of a property manager include: administration, marketing and advertising, tenant
selection, lease negotiation, move-in inspections, property maintenance, rent collection, moveout inspections, and security deposit returns.
3. What is the legal relationship bet...
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