PSI Oklahoma Real Estate Practice Test

Which factor can indicate a potential issue in real estate management?

1. Consistent occupancy rates

2. High tenant retention

3. Frequent maintenance requests

4. Abandoned properties

The correct answer is: Abandoned properties

Abandoned properties can be a significant indicator of potential issues in real estate management. When properties are abandoned, it often reflects a failure in various aspects of management, such as inadequate marketing, failure to address tenant concerns, or economic factors that lead tenants to vacate without notice. Abandonment can also raise flags about the overall health of the property market in that area, suggesting that there may be broader economic or community challenges at play. Furthermore, abandoned properties can lead to decreased property values and deter potential tenants or buyers from the surrounding area, making it essential for property managers and owners to address the underlying causes that lead to abandonment. This makes the identification and management of abandoned properties critical to maintaining the integrity and value of real estate investments.