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BOMI International RPA Capstone Experience Sample Questions:

1. Which of the following isLEASTlikely to be collected by a property manager?

A) Operating expense increases
B) Monthly rent
C) Property tax on tenant fixtures
D) Percentage rent

2. A property manager in a disaster-prone area wants to ensure business continuity during an emergency. What is one of theBESTways for the manager to mitigate downtime if many of the resources inside the disaster zone are not available during the crisis?

A) Develop relationships with buildings outside of the immediate area.
B) Develop relationships with vendors outside of the immediate area.
C) Develop relationships with large contractors in the immediate area.
D) Develop relationships with property management companies in theimmediate area.

3. The property manager has been tasked to prepare next year's budget by the asset manager.
This is the first assignment given since the acquisition, and the only available information is from the due diligence material described.
Which is the MOST appropriate action for the property manager to take?

A) Prepare a draft budget to show knowledge of the local market.
B) Update budgets from prior year.
C) Determine the partnership's goals, including the expected holding period.
D) Obtain the partnership's pro forma budget.

4. 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) Pro forma
D) Delinquency report

5. A real estate services company has just been hired to provide property management services for a high- rise office building. As the property manager assigned to the building, what report should be created that incorporates the owner's objectives into a plan to operate the property?

A) Building commissioning report
B) Asset management plan
C) Narrative appraisal report
D) Pro forma

Solutions: