Brenda's responsibility as an asset manager includes maintaining what aspect of property value?

Prepare for the BOMI Asset Management Test with flashcards and multiple choice questions. Each question includes helpful hints and detailed explanations. Ensure success in your exam!

Brenda's role as an asset manager encompasses both the preservation and creation of property value, making this the correct answer.

Preservation of property value is vital as it ensures that the asset remains in good condition, complies with regulations, and retains its market appeal. This could involve regular maintenance, repairs, and addressing any tenant issues that might diminish the property’s value.

On the other hand, creating value involves making strategic improvements, such as renovations or upgrades, which can enhance the property's marketability and increase rental income or overall resale value. This aspect is equally important as it focuses on actively increasing the asset's worth through thoughtful investments and enhancements.

By managing both preservation and creation, Brenda can ensure that the property is not only maintained but is also positioned for growth, reflecting a comprehensive approach to asset management in the real estate sector.

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