Property Management
A Virginia property manager's duty of care requires them to:
AGuarantee the property generates positive cash flow
BManage the property with reasonable care, diligence, and skill on behalf of the owner✓ Correct
CAlways hire the cheapest contractor
DMake decisions without consulting the owner
Explanation
A Virginia property manager acts as a fiduciary and must exercise reasonable care, skill, and diligence in managing the property and reporting to the owner.
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