Property Management
In Wyoming, a property manager's duty of care when managing a rental property includes:
AOnly maintaining the property's physical condition
BExercising the level of care that a reasonable property manager would exercise in similar circumstances✓ Correct
CGuaranteeing the property will appreciate in value
DEnsuring the property always has 100% occupancy
Explanation
The standard of care for property managers is that of a reasonable, competent property manager in similar circumstances. This includes proper maintenance, timely repairs, sound tenant screening, accurate accounting, and appropriate risk management.
Related Wyoming Property Management Questions
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