Real Estate Property Asset Management Practice Test 2025 – Your All-in-One Guide to Exam Success!

Question: 1 / 400

What is typically the first step in addressing deferred maintenance?

Conducting a property inspection

The initial step in addressing deferred maintenance is conducting a property inspection. This critical process allows property managers and owners to identify and assess the specific maintenance issues that have been overlooked or delayed. Through a thorough inspection, an accurate understanding of the property’s condition is gained, including any necessary repairs or improvements that need to be prioritized.

This assessment serves as the foundation for any future maintenance actions. Once the inspection is completed, it can guide decisions regarding contractor assignments, tenant feedback reviews, and the creation of a renovation plan. Each of these subsequent steps relies heavily on the insights gained from the initial inspection, ensuring that resources are allocated effectively and that the most pressing issues are addressed first.

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Assigning contractors to the site

Reviewing tenant feedback

Creating a renovation plan

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