Pillar 1 Lesson 6 Quiz
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Question 1 of 5
1. Question
Use the LuxHomePro Calculator before presenting a prospective deal to a homeowner to make sure your numbers work out.
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Question 2 of 5
2. Question
You are looking at a home with a lease of $5,500. What is the minimum average monthly rental income needed to make this worthwhile?
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Question 3 of 5
3. Question
When you are doing your research, what are the most important pieces of information you need about your area?
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Question 4 of 5
4. Question
You have found two homes in the Paradise Valley area of Scottsdale. You know that the area has an average of 55% occupancy rate. Assuming you have the means to cover the lease in case something happened, which one would be the best one to pursue first.
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Question 5 of 5
5. Question
You have found a property. It will cost you $7,500 per month. Your revenue goal is $90,000. You know the house can demand an average of $925 per night. What average occupancy rate would your area need in order to reach your goal?
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