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URL:https://www.learndesk.us/class/6697955492888576/lesson/0b8d82a68f15793304eb409464f65d56?ref=outlook-calendar
SUMMARY:Property Management Snapshot Review
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/6697955492888576/lesson/0b8d82a68f15793304eb409464f65d56?ref=outlook-calendar
DESCRIPTION: MANAGEMENT FUNCTIONS
● main manager types: individual broker or firm managing for multiple owners; building manager, employed by the owner or another manager to manage a single property; resident manager, employed by owner, broker, or management firm to live and manage on-site. ● manager is a fiduciary of the principal; duty to act in the principal&rsquo;s best interests; may specialize in a property type ● needed skills: marketing, accounting, finance, construction; financial, physical, and administrative services; specific functions determined by a management agreement
Reporting
● monthly, quarterly, or annually; annual operating budget, cash flow reports, profit and loss statements, budget comparison statements
Budgeting
● operating budget based on expected expenses and revenues; determines rental rates, capital expenditures, reserves, salaries, and wages; projects income based on past performance and current market ● potential gross income: a total of scheduled rents plus...

https://www.learndesk.us/class/6697955492888576/lesson/0b8d82a68f15793304eb409464f65d56?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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