Property Management
A property manager's primary duty is to:
AMaximize occupancy at all costs
BManage the property to achieve the owner's investment objectives✓ Correct
CNegotiate on behalf of tenants
DEnforce zoning regulations
Explanation
A property manager acts as an agent of the property owner and has a fiduciary duty to manage the property in accordance with the owner's investment goals.
Related Indiana Property Management Questions
- The net operating income of an Indiana property is $60,000. If the debt service (mortgage payments) total $45,000 annually, the debt coverage ratio (DCR) is:
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