Preview Questions Property Manager | Role Specific Skill

Question 1: What is the purpose of a gross lease compared to a net lease in commercial real estate?

Which action should you take?

Choose only one option

To offer lower rent to attract tenants

To include all property expenses in the rent

To allocate some expenses to the landlord

To pass operational expenses to the tenant

Question 2: How can a property manager improve tenant retention in a high-demand market?

Which action should you take?

Choose only one option

By lowering rent prices

By offering flexible lease terms

By providing personalized services

By ignoring tenant feedback

Question 3: What is the primary benefit of implementing an energy-efficient maintenance strategy in a commercial property?

Which action should you take?

Choose only one option

Reduced energy consumption and operational costs

Improved tenant satisfaction

Reduced maintenance costs

Higher rent charges due to energy efficiency

Question 4: How would you manage upgrading outdated building systems (e.g., HVAC, plumbing) in a historic building to meet modern standards while preserving value?

Which action should you take?

Choose only one option

Replace all systems immediately regardless of building status

Plan for phased upgrades that balance historical preservation and modern functionality

Only address immediate issues without considering long-term upgrades

Postpone any upgrades and focus only on emergency repairs

Question 5: What is the most important element of maintaining tenant confidentiality when handling complaints?

Which action should you take?

Choose only one option

Ensuring that only authorized personnel have access to tenant information

Using email communication for all updates

Documenting all complaints in public records

Sharing tenant concerns with all team members

Question 6: In managing the cash flow of a commercial property, what is the most effective method for ensuring that there is always sufficient liquidity for operating expenses?

Which action should you take?

Choose only one option

Minimize operating expenses by cutting unnecessary costs

Monitor the tenant payment schedule and adjust leasing terms

Implement a strict rent collection policy and increase security deposits

Set aside a reserve fund for unexpected costs and vacancies