MKL405 Marketing and Leasing Strategies for Multifamily Properties Question and answers rated A+ 2024/2025
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Course
Property management
Institution
Property Management
MKL405 Marketing and Leasing Strategies for Multifamily Properties Question and answers rated A+ 2024/2025 MKL405 Marketing and Leasing Strategies for Multifamily Properties
CPM Role - correct answer Deliver value by thoroughly analyzing market position of the asset and guiding the strategies...
MKL405 Marketing and Leasing
Strategies for Multifamily Properties
CPM Role - correct answer ✔Deliver value by thoroughly analyzing market
position of the asset and guiding the strategies for maximum occupancy and
rental income
CPM, IREM Code of Ethics - correct answer ✔At all times exercise loyalty to
the interests of the client and the employer or firm with whom the MEMBER is
affiliated
Speculation - correct answer ✔the practice of making high-risk investments
with borrowed money in hopes of getting a big return during a relatively short
period; Return is typically achieved at the time of sale from the profit made in
selling the property.
Investment - correct answer ✔Return profit occurs over a loner period of time
"SPLAT" - correct answer ✔Safety, Periodic Return, Leverage, Appreciation
of Capital Appreciation, Tax Shelter
Safety or Capital Preservation - correct answer ✔acquiring high quality real
estate that will hold its value over time. Property may not provide a strong
return but should retain its initial value
Periodic Return or Cash Flow - correct answer ✔owner may purchase real
estate to obtain a steady source of income over a specific period; the cash
flow will provide a rate of return that can be compared to other investments
and is enhanced by the tax shelter effects of real estate, such as depreciation.
, Leverage or Using Borrowed Funds - correct answer ✔the return on the real
estate investment exceeds the cost of borrowed funds
Appreciation of Capital Appreciation (Hedge Against Inflation) - correct
answer ✔during inflationary times, when wages are increasing, residents
expect their rents to increase. This in turn creates a higher rent value and
higher property value
Hedge Against Inflation - correct answer ✔Appreciation of Capital
Appreciation
What distinguishes speculation from investment? - correct answer ✔Cash
flow; A property with negative cash flow could be one used for speculation.
Examples are house flipping.
Four stages of the business cycle - correct answer ✔prosperity, recession,
depression, recovery
Prosperity (stage of the business cycle) - correct answer ✔Production is
increased, banks willing to lend funds, customer demand and prices are high;
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