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DC PROPERTY MANAGEMENT ACTUAL EXAM NEWEST VERSION QUESTION AND CORRECT DETAILED VERIFIED ANSWERS FROM VERIFIED SOURCES RATED A GRADE.
Management Plan✔✔Correct Answer✔✔This describes in detail the subject
property's current use along with its physical condition, fiscal projections,
and any operational issues. It also includes an analysis of the market (both
regional and neighborhood), the competing properties, as well as potential
improvements or alternative uses for the subject property.
Market Analysis✔✔Correct Answer✔✔This focuses on both a regional and
neighborhood evaluation, which includes the demographic conditions,
geographic features, governmental prospective, existing real estate supply,
potential future developments, and tenant/resident demand.
Analysis of Alternatives✔✔Correct Answer✔✔This looks at the theoretical
costs and corresponding increase in rents by making different
improvements, even the subject property's redevelopment.
Capital Expenditures✔✔Correct Answer✔✔Work performed on properties
that are occupied and operational with the goal of trying to prevent the
property from declining and becoming obsolete.
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