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Which of the following statements is true?

A. Property owners manage their own property to save time and money.
B. Many owners do not have the temperament to handle the problems and people associated with managing property.
C. The property owner has an understanding of the leasing and rental market and is likely to know how to find good tenants.
D. Owners are always careful to be knowledgeable of tenant-related laws and seek never to violate those laws.

1 Answer

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Final answer:

The true statement about property owners is that many do not have the temperament to handle the problems and people associated with managing property, due to the complexities of property management.

Step-by-step explanation:

The question pertains to the realities of property management and ownership. When examining which statement is true regarding property owners, we should consider practical aspects of owning and managing property based on the given reference material.

The most accurate statement appears to be B. Many owners do not have the temperament to handle the problems and people associated with managing property. This statement acknowledges that not all property owners may be suited for the hands-on management role that comes with dealing with tenants, maintenance, and other associated issues. While some owners may indeed be knowledgeable, vigilant about laws, or prefer to manage their properties to save money, these are not universally true and thus, more likely than option B to be flawed assumptions.

Given the complexities of the property market, including factors like zoning regulations and price ceilings, the task of managing property requires time, patience, and a good grasp of the legal and economic environment. Property owners must also consider opportunity costs when making decisions about their properties.

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