Survey

Minnesota Real Estate Investors Association, Inc.

Survey: August 2020 Main Meeting Trivia Game

All winners will be entered into a Drawing for $50 in REIA Bucks.

A few Random people will win a $25 Gift Card to Texas Road House.

Legal term for removing tenants?

Evacuation
Eviction
Revenge
Estopple

Hint: A lease will outline reasons that a tenant may be evicted.

What does NOI stand for?

Never Over Invest
Net Optional Investment
Net Operating Income
Net Only Investment

Hint: It’s all about the Income.

How do you calculate NOI?

Monthly Rent + Monthly Expenses.
Annual Rent – Annual Expense.
Annual Rent + Annual Expense.
None of the Above

Hint: It’s based annually.

What is ROI?

Really Opinionated Individual
Really Organized Investment
Return On Investment
None of the Above

Hint: It’s all about the returns.

The terms of a lease should include all of the following EXCEPT the?

Amount of the rent and any late fees.
Names of the persons who live next door.
Policies you are expected to follow.
Names of all roommates and the landlord.

Hint: It’s always a good thing to know your neighbors, but not required.

How does the bank handle a Non-Recourse Loan?

The investor is personally responsible to the bank for the loan.
The Investors possessions are held as the bank’s collateral.
The property becomes the bank’s collateral.
None of the Above

Hint: It’s all about the property

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