Property Management

A Rhode Island property manager is asked to manage a distressed property with significant deferred maintenance. What should the manager do first?

ABegin marketing for new tenants immediately
BConduct a thorough property inspection to identify all maintenance needs and prioritize safety and habitability issues✓ Correct
CFire the current maintenance contractor
DIncrease rents to fund repairs

Explanation

Taking on a distressed property management assignment requires a thorough initial inspection to identify and prioritize all maintenance and habitability issues. Safety and habitability deficiencies must be addressed first to comply with law and protect tenants.

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