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BOMI International RPA Capstone Experience Sample Questions:

1. In reviewing the due diligence information, the property manager notices that tenants are on a variety of lease types. Which is the MOST effective approach for the property manager with respect to the current leases?

A) Hire an attorney to write a special lease rider to make leases uniform.
B) Review leases with each tenant and explain that the property now has a triple-net (NNN) lease structure.
C) Adhere to the terms in the current leases.
D) Require each tenant to sign a new lease from the new owner to create conformity.

2. Which of the following is considered a "controllable" operating expense?

A) Energy cost
B) Vendor contracts
C) Property taxes
D) Property insurance

3. A light was reported out of service to the newly assigned property management team in an office building.
Immediately, the new building manager realized there was no systematic way to handle work order requests.
The primary nature of the policy that is needed isBESTcharacterized by which of the following statements?

A) The policy must support timely completion of the service request work orders.
B) The policy must be consistent with the owner's obligations under the lease.
C) The policy must be an approved written policy.
D) The policy must support the tracking of service request work orders.

4. Property managers keep a database of all tenant and property reports. There is a potential tenant looking for a new space in a property manager's building, as well as a current tenant who wants to move into a larger vacant space within the same building. Which reportBESTsupports the property manager's decision based on available square footage, expiration dates, and vacancies?

A) Lease expiration report
B) Rent roll
C) Tenant profile
D) Stepped rent report

5. Which of the following is LEAST likely to be an asset manager's responsibility?

A) Overseeing property managers
B) Making property financing recommendations
C) Developing an asset plan
D) Drafting preventative maintenance schedules

Solutions: