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BOMI International RPA Capstone Experience Sample Questions:

1. A property manager must prepare the annual budget to review current rents, increases, and lease expiration dates. As the property manager, they want to prepare the budget by looking up tenant names, suite numbers, square footage, and other physical details. Which document should the manager use to compare information with an easy-to-read overview of the property and its tenants?

A) Rent roll
B) Vacancy report
C) Delinquency report
D) Pro forma

2. A property manager is overseeing a tenant improvement project in an older office building. Asbestos insulation was discovered behind the walls. Which type of project change BEST describes this delay?

A) Disruptive
B) Actual
C) Accelerated
D) Constructive

3. A property manager is evaluating the financial performance of their portfolio. There are various ways to evaluate performance, but they will begin with evaluating actual operations and budgeted projections. The property manager requested that any difference greater than $5,000 or 5% of the budgeted amount must be explained. Which standard performance comparisonBESTdescribes this step?

A) Budget comparison and variances
B) Prior year comparisons
C) Industry comparisons
D) Market comparable

4. When developing a marketing plan for a building, which of the followingMOSTlikely determines whether a deal is reached?

A) Establishing the proper rent to quote and accept
B) Identifying which benefits and/or features to emphasize
C) Gathering detailed competitive building data to determine the relative position in the market
D) Assessing the overall economic conditions in the market

5. A property manager is required to administer many types of leases. Which of the following leases requires the tenant to pay theMOSTexpenses?
Options:

A) Double net
B) Industrial gross
C) Absolute net
D) Triple-net (NNN)

Solutions: