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

Image Description

Question: 1 / 400

What does the term "occupancy rate" refer to in property management?

The number of units available for rent

The percentage of available units that are currently rented or occupied

The term "occupancy rate" in property management refers to the percentage of available units that are currently rented or occupied. This metric is crucial for property managers as it provides insight into the performance of the property. A higher occupancy rate indicates that a larger proportion of the available rental units are being rented out, suggesting effective management and demand for the property. Conversely, a lower occupancy rate may signal potential issues, such as overpricing, inadequate marketing, or unfavorable property conditions, prompting a need for strategic adjustments.

Understanding occupancy rates helps property managers set rental prices accurately, budget for operating expenses, and anticipate cash flow. It serves as a key performance indicator (KPI) that influences decisions regarding marketing strategies, leasing practices, and property maintenance.

Get further explanation with Examzify DeepDiveBeta

The total rent collected in a month

The average rent per unit in the property

Next Question

Report this question

Download Certified Apartment Portfolio Supervisor (CAPS) Practice Exam - Module 2 PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy