Certified Apartment Portfolio Supervisor (CAPS) 2025 – 400 Free Practice Questions to Pass Module 2 Exam

Question: 1 / 400

What benefit does maintaining a professional relationship with local real estate agents provide to property managers?

Increases tenant turnover

Provides referral opportunities and valuable market insights

Maintaining a professional relationship with local real estate agents is beneficial to property managers because it opens up referral opportunities and provides valuable market insights. Real estate agents often have access to a wide network of potential renters, and when they are aware of available units in properties managed by someone they know, they can refer prospective tenants. This can result in reduced vacancies and increased tenant retention.

Additionally, real estate agents are typically well-informed about the local market conditions, including pricing trends, demand levels, and emerging neighborhoods. This information can be invaluable for property managers as they make decisions regarding pricing, marketing strategies, and property improvements. Such insights help property managers stay competitive in a fluctuating market and better meet the needs of both landlords and tenants.

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Offers lower maintenance costs

Enhances property aesthetics

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