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BOMI International CAP-2101-20 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Strategic Decision Making & Leadership20%- Portfolio optimization and improvement planning
  • 1. Value-add strategies
    • 2. Capital improvement prioritization
      - Stakeholder management and reporting
      • 1. Executive summary preparation
        • 2. Performance measurement and KPIs
          Topic 2: Lease Administration & Tenant Relations25%- Tenant communication and conflict resolution
          • 1. Service level agreement management
            • 2. Negotiation strategies
              - Lease document interpretation and compliance
              • 1. Lease abstracting and key term identification
                • 2. Rent escalations and recoveries
                  Topic 3: Operations & Maintenance Strategy20%- Preventive vs corrective maintenance planning
                  • 1. Life-cycle cost analysis
                    • 2. Vendor selection and contract management
                      - Risk management and compliance
                      • 1. Insurance and loss control
                        • 2. Safety and regulatory requirements
                          Topic 4: Property Financial Analysis & Performance35%- Asset valuation and market analysis
                          • 1. Capitalization rate application
                            • 2. Market rent comparison
                              - Financial statement review and interpretation
                              • 1. Return on investment calculation
                                • 2. Cash flow forecasting
                                  • 3. Operating budget analysis

                                    BOMI International RPA Capstone Experience Sample Questions:

                                    1. A property manager needs to select a new vendor for landscaping services for a high-rise office building.
                                    Which of the following should be the property manager's primary criteria when evaluating the vendor?

                                    A) The vendor's history of providing landscaping services to similar buildings.
                                    B) The vendor's ability to provide the lowest cost estimate.
                                    C) The vendor's compliance with the building's sustainability goals.
                                    D) The vendor's willingness to offer discounts for long-term contracts.


                                    2. A property manager must prepare the annual budget to review current rents, increases, and lease expiration dates. As the property manager, they want to prepare the budget by looking up tenant names, suite numbers, square footage, and other physical details. Which document should the manager use to compare information with an easy-to-read overview of the property and its tenants?

                                    A) Rent roll
                                    B) Delinquency report
                                    C) Pro forma
                                    D) Vacancy report


                                    3. A property manager is reviewing the annual operating budget for a commercial office building. The building's budget for energy costs is projected to be $200,000, but actual expenses for the year were $250,000. What action should the property manager take to address this overage?

                                    A) Reduce the property's reserve fund to cover the additional costs.
                                    B) Report the overage in the monthly financial statement and recommend a review of energy efficiency measures.
                                    C) Reallocate the overage from the building's capital improvements budget.
                                    D) Ignore the overage, as it was within the allowable 10% variance.


                                    4. An unexpected elevator repair charge was incurred. Due to the unanticipated change in the budget, the information needed to be written directly on the invoice, but it was coded incorrectly. What step in the process isESSENTIALto ensuring that the correct vendor is paid?

                                    A) Reconfirm the vendor number.
                                    B) Post vendor payments.
                                    C) Use petty cash.
                                    D) Enter the invoice into a pending payable file.


                                    5. A yoga studio rents a space in a building and their lease is coming to an end. Originally, the studio paid base rent covering all charges owed. However, with the installment of their new showering space, the maintenance and bill has increased significantly. The property manager wants to adjust the rent to cover the increased expenses. Which type of lease wouldBESTsuit this change?

                                    A) Single-net lease
                                    B) Gross lease
                                    C) Triple-net (NNN)
                                    D) Modified gross lease


                                    Solutions:

                                    Question # 1
                                    Answer: A
                                    Question # 2
                                    Answer: A
                                    Question # 3
                                    Answer: B
                                    Question # 4
                                    Answer: A
                                    Question # 5
                                    Answer: D

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