Truth & Lies
Hey! Get off of there.
Decisions, Decisions.
Anything Goes!
Using Protection
100
Property Management is a process of maintaining & creating value in real property, which is consistent with the owner's objectives.
What is TRUE?
100
_________ Plays a major role in a successful encroachment management plan, as well as any good management plan.
What is Periodic Inspections
100
Transfer of property related liability, Immediate receipt of monies
What are the advantages of choosing to Sell?
100
The type of value most often sought after.
What is Market Value?
100
The control of loss, which potentially or actually threatens the organization and its real estate holdings.
What is Risk Management?
200
"Usually", a license can be transferred to another party.
What is FALSE?
200
A ________ use occurs when 2 or more agencies jointly acquire property, and share to costs and responsibilities.
What is Joint Use?
200
Direct Sale, Bid, Abandonment & Vacation
What are methods to dispose of surplus property?
200
1. Project inception, 2. Feasibility Analysis, 3. Leasehold Marketing, 4. Leasehold Development & 5. Leasehold Administration
What are the steps to a successful leasing program?
200
__________ is the principal method to share or transfer risk.
What is Insurance?
300
Usually, with commercial property, minor maintenance and repairs are the responsibility of the tenant.
What is TRUE?
300
You can either Removal or Legalize the Encroachment.
What are the two most effective methods to handle encroachments?
300
Future Flexibility for use of property, Maximum control of property and Value Appreciation of property
What are benefits of deciding to hold a property?
300
Be user friendly, Increase Staff Efficiency, Be compatible with existing systems and Be cost effective
What is an effective property inventory system?
300
Self Insure, Contract Insurance or Require occupier to carry insurance.
What are ways an organization can protect against risk or how can they insure?
400
Vacation and Abandonment of property are the same.
What is FALSE?
400
Conservation of land and resources, reduction in potential environmental damage, reduced construction difficulty and time, shared and easier maintenance of property and more effective property management.
What are advantages of secondary and joint uses?
400
Receipt of regular payments for use of property, Appreciation in Value of property and Flexibility for future use of property
What are advantages of a decision to lease a property?
400
________ is the right of a person to entity to use the land of another in a particular line.
What is Right of Way?
400
Type of Insurance that protects against 3rd party claims.
What is Liability Insurance?
500
The Management of the agencies assets is the most important aspect of the Right of Way Industry.
What is TRUE!
500
Regular and systematic property inspections by the agency are the ____-_____ of defense against most encroachments.
What is first-line
500
Organization's Mission, Purpose of Acquisition, Current use, Future use & Cost to keep
What must a Property Manager consider when deciding whether to lease, sell or hold a property?
500
Appraiser, Attorney, Engineer, and Property Manager
What are members of a Property Management Team?
500
Regular Inspections, Evaluation of proposed uses, Elimination of attractive nuisances and Adherence to safety policies.
What are ways to control or reduce risk?
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