SAE - Property Management (Texas) Latest
Update 2024-2025 200 Questions and 100%
Verified Correct Answers Guaranteed A+
_________ are charged to each client to cover all of the services the property manager
provides. - CORRECT ANSWER: Management fees
__________ is every avenue a business pursues in order to reach out to the public to
be seen. - CORRECT ANSWER: Marketing
A property manager may not charge a late fee unless: - CORRECT ANSWER: It is
clearly stated in the written lease
A solid, written rent collection policy should include: - CORRECT ANSWER: A.
Suggestions for fire safety
*B. When to pay
C. Repair request forms
D. Lease renewal policies
A written facility maintenance policy and procedures manual should include: -
CORRECT ANSWER: A list of supplies and equipment to be kept on premises
A(n) ________ is a person who, for a fee, manages a property for someone else. -
CORRECT ANSWER: Property manager
Angelo is a real estate investor who has purchased multiple residential rental properties
that he has decided to manage himself, for the time being. As an investor-owner
performing property management functions, he will have many experiences, both
negative and positive, and will learn many valuable lessons along the way.
2. Angelo's tenant moves out, and while he is visiting the property to make it ready for
the next one, a neighbor drops by and tells him that he suspects that the former tenant
,may have been running a meth lab on the property. What should Angelo's first order of
business be? - CORRECT ANSWER: Call a company that specializes in testing
properties for contamination to come out and test the home for meth contamination.
Angelo is a real estate investor who has purchased multiple residential rental properties
that he has decided to manage himself, for the time being. As an investor-owner
performing property management functions, he will have many experiences, both
negative and positive, and will learn many valuable lessons along the way.
3. Angelo has good reason to believe that one of his tenants might be utilizing his rental
property as an illegal marijuana grow house. What are some telltale signs that the
tenant is growing illegal marijuana? - CORRECT ANSWER: Excessive water and
electricity bills
Angelo is a real estate investor who has purchased multiple residential rental properties
that he has decided to manage himself, for the time being. As an investor-owner
performing property management functions, he will have many experiences, both
negative and positive, and will learn many valuable lessons along the way.
1. Angelo's personal home was severely damaged by fire the previous year during a
lightning storm. The time and expense it took to clean out and repair his property has
left him a little nervous about the possibility that a similar situation could arise at one of
his rental properties. What type of insurance policy could Angelo take out to help protect
him from the financial hardships associated with restoring a damaged income property?
- CORRECT ANSWER: Business Interruption Insurance
Condominiums are established under laws referred to as ___________ property acts. -
CORRECT ANSWER: Horizontal
Directions: Read the scenario and answer the questions that follow. Investor Mike owns
a 200-unit residential property. For the last two years, rents have stayed the same
because Mike subscribes to the philosophy that 100% occupancy is better than losing
tenants to his competitors. After attending a real estate investment seminar, Mike
realizes that by not raising rents for the last two years he has been missing out on
literally thousands of dollars in profit. He believes that the market will support a rental
increase, yet he is hesitant of raising the rents so much that his good tenants will get
angry and move elsewhere. After doing some research into raising rental rates, Mike is
now motivated and wants to raise the value of his asset, so he calls up his property
manager, Jay, and informs him that he needs to raise the rent on each unit by 5% per
, month in the next 12 months as lease terms expire or units are re-lea - CORRECT
ANSWER: A. $9,000
*B. $540
C. $1,800
D. $5,400
Directions: Read the scenario and answer the questions that follow. Investor Mike owns
a 200-unit residential property. For the last two years, rents have stayed the same
because Mike subscribes to the philosophy that 100% occupancy is better than losing
tenants to his competitors. After attending a real estate investment seminar, Mike
realizes that by not raising rents for the last two years he has been missing out on
literally thousands of dollars in profit. He believes that the market will support a rental
increase, yet he is hesitant of raising the rents so much that his good tenants will get
angry and move elsewhere. After doing some research into raising rental rates, Mike is
now motivated and wants to raise the value of his asset, so he calls up his property
manager, Jay, and informs him that he needs to raise the rent on each unit by 5% per
month in the next 12 months as lease terms expire or units are re-lea - CORRECT
ANSWER: A. $900
*B. $9,000
C. $2,000
D. $200
Directions: Read the scenario and answer the questions that follow. Investor Mike owns
a 200-unit residential property. For the last two years, rents have stayed the same
because Mike subscribes to the philosophy that 100% occupancy is better than losing
tenants to his competitors. After attending a real estate investment seminar, Mike
realizes that by not raising rents for the last two years he has been missing out on
literally thousands of dollars in profit. He believes that the market will support a rental
increase, yet he is hesitant of raising the rents so much that his good tenants will get
angry and move elsewhere. After doing some research into raising rental rates, Mike is
now motivated and wants to raise the value of his asset, so he calls up his property
manager, Jay, and informs him that he needs to raise the rent on each unit by 5% per
month in the next 12 months as lease terms expire or units are re-lea - CORRECT
ANSWER: A. $900,000
B. $9,000
C. $180,000
