
Short Term Rental Quiz 1
Authored by Becker 2055
Professional Development
Professional Development
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
Which of these really happened?
Tree rats invaded the attic and ate through the A/C
A leak damaged the condo below and caused the owner to have a heart attack and die
Robbers broke through a wall and stole everything in the house including the cabinets
1,000 African Honey bees nested in the siding creating 20lbs of honey
2.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
What type of property is best for short-term rentals?
Condo
Townhouse
Multi-family home
Single-family home
3.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
How much is a typical down payment on an investment property?
5-10%
10-15%
20-25%
30-35%
4.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
Seller is offering a $10k incentive-which is the better deal?
Seller is offering a $10k incentive-which is the better deal?
Buy down the interest rate
Reduce the price of the house
They are both the same
5.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
How much does it cost to set up your short-term rental?
$10,000
$15,000
$20,000
$25,000
6.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
How many days were booked and how much gross income was generated in 2023?
How many days were booked and how much gross income was generated in 2023?
150 days/$15,000
200 days/$25,000
250 days/$35,000
300 days/$40,000
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