The relationship between landlords and property managers are different to those between a sales agent and a vendor and the expectations landlords have of their property managers also differ. Explain in your own words at least three (3) unique expectations that landlords would typically have of their property managers (max 400 characters).

Explain in your own words the importance of property managers maintaining positive relationships with their tenants.

Describe in your own words some of the personality characteristics that would assist a property manager in meeting the demands of their work (max 400 characters).

Prepare Landlord ProfileScenario:As the junior property manager at Fantasy Glen Real Estate, Kate has asked you to prepare a profile for a prospective landlord client, Mrs. Kate Brown. The purpose of the profile is to determine Mrs Brown's expectations of property managers, any particular communications styles she prefers, and some basic details of the property, including her expectations of rent she may be able to ask.Details:The fictitious address for this task is 28 Angel Street, Carindale. It is a freestanding house with three bedrooms, one bathroom and a large garage.After speaking to Mrs. Brown on the phone, you have discovered that the reason Mrs. Brown is considering leasing the house is that she is moving interstate for work. Until then, it was her primary residence. It is well kept, and Mrs. Brown expects to move back into the property once she returns to Queensland in two years. It is her only property asset, and she is nervous about the property being rented out. As she is worried about putting her property on the rental market, she wants to be kept informed of everything going on.She understands from her research that similar properties in her area are being rented for around $550 per week, but wants an assessment as to whether this is reasonable.

An agency problem can be alleviated:a.when a firm is a sole proprietorship.b.by compensating managers in such a way that acting in the best interest of shareholders is also in the best interest of managers.c.by asking managers to take on more risk than they are comfortable taking.d.a) and b)e.a), b), and c)

Landlords are stakeholders in a business, what can we be sure about landlords?YOUR ANSWERYour AnswerThey are external stakeholders of a business.They will evict a business that fails to pay its rent on time.They will receive any rent owed if a business fails.They raise rents when a contract comes up for renewal.