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BOMI International RPA Capstone Experience Sample Questions (Q27-Q32):
NEW QUESTION # 27
Which of the requested renovations is categorized as tenant improvements?
- A. Windows
- B. Restrooms
- C. Lobby
- D. Access control system
Answer: D
Explanation:
From the Scenario:
The scenario mentions:
"The potential occupant will require secured access to their space at all times."
"The potential occupant would like to have the windows restored and two sets of public restrooms totaling
2,000 square feet."
Now let's evaluate:
* A. Access control system-Requested by thetenantfor theirexclusive use. This is a typicaltenant improvement.
Scenario 2
A real estate partnership recently purchased a new property for its portfolio. The property was developed in the 1980s and has not since had a major renovation. It is a200,000 square foot, three-story office building.
When built, it was aClass A suburban office buildingin a strong market in one of the nicer business parks in the city.
The partnership typically purchases buildings that are in need of repairs and upgrades. The partnership is focused onsustainability and energy savings. The partnership staff, including asset management, accounting, and finance, are located1,000 miles away. This is the partnership'sfirst purchase in this marketplace.
During due diligence, the partnership found records were not as complete as expected. There are a variety of lease types, although they all have strong terms and conditions for lease renewals, including exceptions for tenant default. It is the new owner's preference totransition the building to a triple-net (NNN)lease structure. All leases and addenda, past rent rolls, financials, and operating reports are available for inspection and review.
The property is70% occupied, and25% of the building is up for renewal during the next two years. An appraisal report shows thecapitalization ratefor the market for this type of property is6.5%. The property manager has been asked to prepare anincome projectionfor the coming budget year.
The building has many needs in order to return to its former position in the marketplace, which includes energy and sustainability upgradesusing modern technology.
NEW QUESTION # 28
A property manager received a call from their asset manager quest-ioning the completion of the installation, as well as the processing and payment of the invoice, for a chiller rebuild. What is the name of the comprehensive documentation process that the property manager followed?
- A. Financial auditing
- B. Transaction documentation
- C. Audit trail
- D. Project tracking
Answer: C
Explanation:
Anaudit trailis a comprehensive and chronological record that provides documentary evidence of the steps taken in a process-such as installation, invoicing, and payment. It allows verification and traceability of all actionsand transactions related to a project, making it the most accurate term in this scenario.
NEW QUESTION # 29
Property managers keep a database of all tenant and property reports. There is a potential tenant looking for a new space in a property manager's building, as well as a current tenant who wants to move into a larger vacant space within the same building. Which reportBESTsupports the property manager's decision based on available square footage, expiration dates, and vacancies?
- A. Lease expiration report
- B. Tenant profile
- C. Stepped rent report
- D. Rent roll
Answer: D
Explanation:
Arent rollprovides a comprehensive snapshot of a property's leasing status, includingsquare footage, current tenants, lease start and end dates, and vacant units. It is the best tool to support space planning and leasing decisions for both new and existing tenants.
NEW QUESTION # 30
A property manager is determining how much to lease their newly vacant space for. The manager has compiled data from neighboring buildings about their rents, vacancy, amenities, and absorption. The manager should use this data to create what kind of report?
- A. Market comparable
- B. Building analysis
- C. Property assessment
- D. Logistics assessment
Answer: A
Explanation:
Amarket comparablereport (or "comps") analyzes similar properties in the area to determine appropriate rental rates and leasing terms. By comparing rents, vacancy rates, amenities, and absorption, the property manager can make informed decisions based on local market conditions.
NEW QUESTION # 31
A property manager is attempting to balance the use of available resources against a range of capital needs, including mechanical upgrades, physical improvements, and tenant amenities. Which is theMOSTappropriate action the property manager should take?
- A. Gather suggestions from building staff and other service providers.
- B. Prepare and present a list of capital items sorted by costs.
- C. Conduct a survey of tenant preferences.
- D. Develop a payback analysis for each proposed expenditure.
Answer: D
Explanation:
Thepayback analysishelps the property manager assess the return oninvestment (ROI) for each proposed expenditure. This method provides a clear financial understanding of how quickly the investment will pay off, making it the most appropriate action to take when balancing capital needs with available resources.
NEW QUESTION # 32
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