Property Management
A property manager preparing an annual budget for the owner should include:
AOnly fixed expenses like taxes and insurance
BIncome projections, operating expenses, reserves for replacements, and debt service✓ Correct
COnly the maintenance expense history
DOnly the projected rent increases
Explanation
A comprehensive property management budget includes projected income (rents), all operating expenses (maintenance, taxes, insurance, management fees), debt service, and reserves for capital replacements.
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