Two questions

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Management Agreements

Explain why you might want a management agreement when you have been hired to manage someone else’s property? What challenges would you face by not having a management agreement?

Guided Response: Review several of your peers’ responses. Respond to at least two of your peers and provide suggestions on how they can overcome the challenges that they have outlined.
Property Performance

How does the property management budget and performance report enable the manager and owner to keep track of property performance? What is meant by lease concessions, and why do you suppose landlords offer these? Give at least two examples of lease concessions