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CAM -Certified Apartment Manager (Latest 2024/ 2025 Update) |Qs & As| 100% Correct| Grade A (Verified Answers) $10.99   Add to cart

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CAM -Certified Apartment Manager (Latest 2024/ 2025 Update) |Qs & As| 100% Correct| Grade A (Verified Answers)

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CAM -Certified Apartment Manager (Latest 2024/ 2025 Update) |Qs & As| 100% Correct| Grade A (Verified Answers) Q: As an investor advocate, your primary goals are to Answer: 1. meet financial goals of the investment 2. add value to a property Q: To meet the financial goals of an i...

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  • September 30, 2024
  • 65
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • lien waiver
  • CAM -Certified Apartment Manager
  • CAM -Certified Apartment Manager
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nurse_steph
CAMI-CertifiedIApartmentIManagerI
(LatestI2024/I2025IUpdate)I|QsI&IAs|I100%
ICorrect|IGradeIAI(VerifiedIAnswers)

Q:IAsIanIinvestorIadvocate,IyourIprimaryIgoalsIareIto

Answer:
1.ImeetIfinancialIgoalsIofItheIinvestment
2.IaddIvalueItoIaIproperty




Q:IToImeetItheIfinancialIgoalsIofIanIinvestmentIyouImust:

Answer:
GenerateIandIcollectIincome
minimizeIeconomicIloss
controlIexpenses




Q:IWhatIinformationIdoIyouIneedIinIorderItoIcompleteIaIfinancialIanalysisIonIaIproperty?

Answer:
theIincomeIstatement




Q:IWhenIdoingIaIfinancialIanalysis,IwhyIdoIyouIneedItoIidentifyItheIGPRIfirst?

Answer:
allIotherIincomeI&IexpensesIareImeasuredIandIevaluatedIasIaIpercentageIofIGPR

,Q:IWhatIareItheI3IprimaryItypesIofIincomeIyouIwillIlookIfor/calculate?

Answer:
1.IEGI
2.INOI
3.ICF




Q:IWhatIisIaIchartIofIaccounts

Answer:
aIlistIofIaccountsItoIwhichIrevenueIandIexpensesIareIpostedIandIshowIupIonItheIgeneralIledge
r




Q:IWhatIisIusedItoIgenerateIanIincomeIstatement?

Answer:
entriesIinItheIgeneralIledger




Q:IListIsomeIbenefitsIofIminimizingIfinancialIloss

Answer:
1.IincreasesItheIfinancialIsuccessIofIaIproperty
2.IimprovesIpropertyIperformance
3.IMakesIyourIjobIeasier




Q:IWhatIareItheImainItypesIofIfinancialIlossIyouIshouldIworkItoIprevent?

,Answer:
1.IVacancyILoss
2.IOfflineIandInonrevenueIunits
3.IBadIDebt
4.IConcessionsI&Idiscounts




Q:IDuringItheIrentIcollectionIprocess,IwhatIthingsIshouldIyouIconsiderIbeforeIoccupancy?

Answer:
1.ItheIscreeningIprocess
2.IRentIcollectionIpolicy
3.IinclusionIofItheIpolicyIinItheIlease,IorientationImaterials




Q:IduringItheIrentIcollectionIprocess,IwhatIisItheIpurposeIofIresidentIcommunicationIefforts?

Answer:
ToIfaciliatateItheIrentIcollectionIprocess




Q:IWhyIwouldIyouIwantItoIcreateIaIbufferIforIrentIcollection?

Answer:
1.IToIhelpIyouIremainIonIgoodItermsIwithIresidents
2.IToIensureItimelyIandIcompleteIpayments




Q:IWhatIareIsomeIcharacteristicsIofIvarianbleIexpenses?

Answer:
1.IvaryIasIconditionsIchange

, 2.ImanyIareIassociatedIwithIoccupancy




Q:IWhatIareICapitalIExpenses?

Answer:
CostsIforIlargeIimprovementsIthatIhaveIanIeconomicIusefulIlifeIbeyondI1Iyear




Q:IBidding

Answer:
TypicallyI3Ibids
KeepIbidsIconfidentialI
CheapestIisn'tIalwaysItheIbest




Q:IAwardingItheIcontract

Answer:
AlwaysIcheckIreferencesIbeforeIacceptingIaIbidIorIsigningIaIcontract
CheckIBBB




Q:IContract

Answer:
FormalIandIlegallyIbindingIagreementImadeIinIwritingI

SubjectItoIstateIandIlocalIlaws

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