Leadership
Shana Hernandez.
How many leads should be in the CRM Queue at the end of the day?
0.
What does GMR and GPR stand for and please explain what they are.
Gross Market Rents and Gross Potential Rents. Gross Market Rent is the total if all units were leased at current market rates. Gross Potential Rent is the total if the property was 100% occupied.
When was Asset Living Founded?
1986.
How often can landlords raise rents?
Once every 12 months.
Which RM/RVP went to school for Risk Management?
Carla Schumacher.
What is AL standard for responding to a new lead?
2 - Hours. It is considered missed after 24 hours.
How do you calculate budgeted vacancy by using an income statement?
Divide Budgeted Vacancy by Budgeted GPR. Multiply this number by 100.
Who is the CEO of Asset Living?
Ryan McGrath.
What is the maximum landlords can charge for late fees?
$50 or 5%, whichever is greater.
Which RM/RVP went to school for Business Management?
Noah Alexander.
At a minimum, how often should your team be completing outreach marketing?
What is a purchase order and why are they important?
It is a place holder for an expense and it is important for good financial management.
What is the Name of our Division President?
Carol Nelson.
By law, what is the minimum balance landlords have to accept for past due accounts?
All base rent charges?
Which RM/RVP has a CO Broker's Liscense?
Sherry Haney.
What are our conversion goals for lead to lease, lead to tour, and tour to applications?
Lead to Lease: 10%
Lead to Tour: 25%
Tour to Application: 50%
What is the difference between an OpEx expense and CapEx expense.
Capital expenditures (CapEx) are long-term investments in assets, while operating expenditures (OpEx) are ongoing costs for day-to-day operations
What are all 4 Asset Living Core Values?
Family, Drive, Honesty, and Impact
When are landlords able to post legal fees?
After being awarded judgement?
Which RM/RVPs wears glasses?
All 4.
What is the prefered method of following up?
Phone Call.
Overlook Apartments places an ad that costs $3200. The ad generates 23 pieces of traffic and 7 move-ins. What is the cost per lease and cost per lead?
Cost per lease: $139.13
Cost per Lead: $457.14
What is Ryan McGrath's daughter's name?
Tessa. Asset spelled backwards.
What is the mininmum income requirement to qualify for an apartment in Colorado?
2 times the rent.