Property Management
A commercial property manager's role in budgeting includes:
ASetting rent based on the owner's desired profit margin only
BPreparing annual operating budgets, capital improvement plans, and reporting actual performance against projections✓ Correct
COnly approving invoices from contractors
DSetting budgets without owner input
Explanation
Effective commercial property management includes preparing comprehensive annual operating budgets, capital improvement plans, and regular variance reports comparing actual performance to budget. These tools help owners make informed investment decisions.
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