Question

Which of the following steps is vital for Gayle, a new property manager, during the preparation of her first market rental survey?

A) Analyzing historical rental income of the property.
B) Conducting a thorough property maintenance assessment.
C) Identifying potential tenants and conducting credit checks.
D) Negotiating property purchase prices with sellers.

Answer 1

Identifying potential tenants and conducting credit checks is vital for a property manager during the preparation of a market rental survey.

Step-by-step explanation:

The vital step for Gayle, a new property manager, during the preparation of her first market rental survey is identifying potential tenants and conducting credit checks. This process is crucial in order to find qualified and reliable tenants for the rental property.