Risk Management Quiz 1. When navigating the purchase of a new property do you follow the same tried and true workflow every single time?* Yes Sometimes No 2. Do you use lawyer-reviewed consistent contracts with every tenant, contractor, employee, and investment partner?* Yes Sometimes No 3. Do you create a detailed report annually of all property improvements necessary and a written timeline for completion?* Yes Sometimes No 4. Do you assess the property quarterly for safety related issues and address them immediately?* Yes Sometimes No 5. Do you use professional property management that provides monthly data on maintenance issues, call response time, & overall property maintenance?* Yes Sometimes No 6. Do you send surveys to your tenants, employees, and investors after all significant interactions AND adjust your business plan based on the responses?* Yes Sometimes No 7. Do provide clear official communication to investors, tenants, and employees at least quarterly?* Yes Sometimes No 8. Do you and all members of your team clearly document all interactions in a secure, timestamped system?* Yes Sometimes No 9. Do you engage your insurance provider to offer a comprehensive review every year of coverage quality and potential gaps?* Yes Sometimes No 10. Do you have a documented risk management strategy that you review and assess quarterly?* Yes Sometimes No 75816 x
