Property Management
Which of the following expenses would typically be included in a property management operating budget?
AThe property manager's personal vehicle
BMortgage principal payments
CMaintenance, insurance, property taxes, and management fees✓ Correct
DThe owner's personal income taxes
Explanation
A property management operating budget includes operating expenses such as maintenance and repairs, insurance premiums, property taxes, utilities, and management fees. Debt service (mortgage) may be shown separately.
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