Certified Apartment Portfolio Supervisor (CAPS) Practice Exam - Module 2

When a property is in receivership, it often indicates financial difficulties or mismanagement, leading to uncertainty about the property's future. This environment can cause dissatisfaction among residents, which may manifest in high turnover rates and occupancy challenges. Residents may feel neglected or concerned about the stability of their living conditions, prompting them to seek housing elsewhere, further exacerbating the property's financial woes. The other potential issues related to rent reductions and maintenance requests can arise, but they are typically symptoms of the broader problem of resident dissatisfaction rather than the primary concern. Additionally, engaging in community events is usually a sign of a healthy and stable living environment, which is often compromised in a receivership situation.