Monday 27 October 2014

RES 431 Week 5 Complete

RES 431 Week 5 complete

DQ 1. Managing Commercial Real Estate.
After reviewing Chapter 15, “Managing Commercial Real Estate,” explain what the benefit of a property manager is and whether you would solicit this type of assistance. In 250 to 300 words, describe your logic. Make sure to address which services you would find most valuable that may be offered by a manager.
 DQ 2. Beating the Average.
After reviewing Chapter 16, “How to Beat the Average,” can you think of any other ways that may help in beating the average? In 250 to 300 words, describe your choices. Make sure to reference the points that have been raised in the text when creating your post.
The final assignment for this course is a Final Paper. The purpose of the Final Paper is to provide an opportunity for students to apply the concepts gleaned from this class and to extend them into a quality research paper. The Final Project represents 25% of the overall course grade.
Focus of the Final Paper
Select one of the following topics to address for your Final Paper: Examine the different valuation options for real estate. Describe the benefits or shortcomings of each option and when they are appropriate (e.g., gross income multiplier, breakeven ratio, IRR, cap rate and NPV).
Examine the different ownership structures for real estate. Describe the benefits and shortcomings of each structure and when they are appropriate (e.g., LLC, Series LLC, C-Corp, S-Corp, LLLP and IRA).
Writing the Final Paper
1. Must be eight to ten double-spaced pages in length, and formatted according to APA style as outlined in the Ashford Writing Center.
2. Must include a title page with the following:
a. Title of paper
b. Student’s name
c. Course name and number
d. Instructor’s name
e. Date submitted
3. Must begin with an introductory paragraph that has a succinct thesis statement.
4. Must address the topic of the paper with critical thought.
5. Must end with a conclusion that reaffirms your thesis and includes an overview of the research conceptualization and a self-reflection.
6. Must use at least five scholarly sources other than the textbook.
7. Must document all sources in APA style.
8. Must include a separate reference page.
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RES 431 Week 4 Complete

RES 431 Week 4 complete

DQ 1. The Logic behind Never Selling.
After reviewing Chapter 20, “Never Sell,” do you agree with the notion of never selling? In 300 to 350 words, describe why you would support or dispute this conclusion. Make sure to reference the points that have been raised in the text when creating your post.
 DQ 2. Thirteen Golden Rules.
After reviewing Chapter 21, “Thirteen Golden Rules of Commercial Real Estate Investment,” which three rules do you consider most significant, and which one do you believe is the least significant? In 300 to 350 words, describe why you have chosen your rules.
The purpose of this assignment is to provide you with an opportunity to create a finance proposal for either the property chosen in Week Three or a newly selected property.
Make sure to address the following in your discussion:
a. Identify your property using Loopnet and contact the listing broker for the presentation package.
b. Follow the format presented in Chapter 13.
 Title Page
 Table of Contents
 Body of Proposal
 Appendices as needed
c. Locate three lenders that you would be able to send this package to and include their contact information in the appendix.
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RES 431 Week 3 complete

RES 431 Week 3 complete

DQ 1. Significance of Due Diligence.
Provide an example of a recent real estate deal in which due diligence was not adequately addressed and the result of not completing it well. In 250 to 300 words, describe a situation that may be unique in your community.
 DQ 2. Time Requirements.
Review the “100:10:3:1 Rule,” which is described in Chapter 10 of your text, and discuss its relevance today. Given the technology and current search methods, discuss whether you think this rule is as relevant today as it has been in the past.
Locate a commercial property and examine the attributes that make it a good investment. Identify your property by using Loopnet.
Make sure to address the following in your paper:
a. Provide the specifics of your property. Details should include use as well as location. You are free to choose commercial, residential or mixed use for your analysis.
b. Analyze the property from an investment perspective.
c. Compare your investment to others and make sure to clearly address why this property is an ideal choice.
d. List the advantages and disadvantages of the parcel and community.
e. Explain how the current economic environment impacted your choice.
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RES 431 Week 2 complete

RES 431 Week 2 complete

DQ 1. Impact of Leverage.
 In 200 to 300 words, explain how leverage impacts your returns on real estate. Do any differences in leverage exist between residential and commercial real estate?
 DQ 2. Attracting Tenants.
In 200 to 300 words, explain the methods covered in your readings that are designed to attract tenants and would lead to the greatest return on your investment as well as those that would result in the lowest return. Provide examples to justify your choices. Would market conditions play a role in your choices?
The purpose of this assignment is to provide an opportunity for you to examine different valuation methods for commercial property and to contrast these with residential valuation.
Make sure to address the following in your discussion:
a. Review two ways in which commercial real estate can be valued.
b. Review two ways in which residential real estate can be valued.
c. Compare methods and discuss the differences in valuation methods.
d. Explain why valuation methods differ for both commercial and residential real estate.
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RES 431 Week 1 complete

RES 431 Week 1 complete

DQ 1. Critiquing Commercial Real Estate as an Investment.
Given the author’s discussion, explain what the primary disadvantage and advantage of commercial real estate is in your opinion. What stands out as the most significant to you? Do you see any other notable disadvantage or advantage that is not mentioned in your readings?
 DQ 2. Optimal Commercial Real Estate Investment.
Explain which commercial real estate asset you feel would be an ideal investment. Why is this asset type ideal, given the current market?
The purpose of this assignment is to provide you with an opportunity to examine the differences that exist between commercial and residential leases.
Make sure to address the following in your paper:
a. Select both a residential and commercial lease to examine and provide them in the appendix of your paper.
b. Provide a detailed review of each of the leases in your introduction.
c. Present four to six examples of differences that exist between the two leases and examine the significance of these differences.
Guided Response:
Locating a sample commercial and residential lease can be done with a simple Internet search. You are not restricted to which examples you provide and discuss, but you are required to provide the agreements in your appendix.
Once you have located an electronic example of both a commercial and residential lease, you should be able to identify several key differences. Some of these differences will be quite obvious, such as the rental rate payment structure, the level of detail of each document, and the appendices that you may locate. For example, while residential rent is usually paid at a fixed amount on the first of the month, a commercial lease can vary greatly. Similarly, the security deposit for a residential is usually the equivalent of one month’s rent. However, depending on the commercial lease you find, this will be quite different as well. As a final example, the insurance requirement is also usually different and has a fair impact on the cost of the lease. Your examples will differ, since all agreements are unique, but these are some of the most blatant differences.
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RES 429 Week 5 complete

RES 429 Week 5 complete

DQ 1. Explain why you might want a management agreement when you have been hired to manage someone else’s property? What challenges would you face by not having a management agreement?
DQ 2. How does the property management budget and performance report enable the manager and owner to keep track of property performance? What is meant by lease concessions, and why do you suppose landlords offer these? Give at least two examples of lease concessions.
The Property Management Plan should demonstrate understanding of the reading assignments as well as the implications of new knowledge. The eight- to ten-page paper should integrate readings, class discussions, work/life experiences, and what you have learned about property management. The focus of the Property Management Plan requires that you synthesize your learning and reflection in the context of the course outcomes.  
Prepare an eight- to ten-page paper (not including cover page and references) analyzing what you have learned about property management and create a plan for the management of a property that you own and manage. The property can be an apartment building, shopping center, or other commercial property of your choice.
The Property Management Plan, at a minimum, should include:
1. Part I: Introduction and Mission
 Your introduction should summarize the key aspects of the paper and your mission statement should include:
a. Property name and location
b. Company background
c. Name of company
d. Organizational structure (sole proprietor, LLC, corporation, etc.)—optional
 2. Part II: Property Management Plan
 In Weeks Two, Three, and Four you developed the integral parts of a property management plan. These combined papers will serve as Part II of your Final Project and should include:
a. Property Analysis (Week Two Assignment)
b. Maintenance Plan (Week Three Assignment)
c. Competitive Market Analysis (Week Four Assignment)
i. Summary of competitive buildings
ii. Regional analysis
iii. Neighborhood analysis
 3. Part III: Reflections
 Part III will include what you have learned about property management and how you will apply what you've learned professionally. Additionally, to finalize Part III, changes that you want to make and feedback from your instructor should be incorporated into Part II of the paper (Property Analysis, Maintenance Plan and Comparative Market Analysis).
You must use a minimum of seven scholarly sources and one source must be extracted from the following:
1. Journal articles (e.g., Journal of Property Management)
 The Property Management Plan is due on the last day of class and must be written in APA format, be at least eight to ten pages, double spaced, and in 12-point font. The paper must contain a cover page, introduction, and reference page. Do not count the cover page, introduction page, and reference page as part of the eight to ten pages.
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RES 429 Week 4 complete

RES 429 Week 4 complete

DQ 1. Explain the difference between a net lease, a net-net lease, and a net-net-net lease. Give an example of situation in which a ground lease might be used.
 DQ 2. You take a chance on a transitional neighborhood and become a tenant in a residential building. You sign a one- year lease; however, before the lease ends, the owner sells the building and the new owner increases the rent by 50%. Can you terminate your lease? Why or why not? Are any fair housing laws being violated in this scenario? Explain.
 Write a two- to three- page paper detailing your competitive market analysis for your Property Management Plan. Please see the assignment section for resources to assist you with locating a property.
The competitive market analysis should identify and review the rents and occupancies in similar competing buildings. The competitive market analysis should also include the regional analysis and neighborhood analysis outlining the economic base of the metropolitan region and the geographic sector and local neighborhood in which the property is situated.
At a minimum, the comparative market analysis should include:
a. Detailed information about the specific, local area where the property is located.
b. Demographic information on the regional or metropolitan area in which the property is located.
c. Economic information on the regional or metropolitan area in which the property is located.
d. Comparison of rents and occupancies to similar properties in the area.
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RES 429 Week 3 complete

RES 429 Week 3 complete

DQ 1. Provide at least three examples of the type of contractors and/or vendors that would be needed in managing a typical 24-unit apartment building. Describe several ways in which you would go about locating these contractors and/or vendors.
 DQ 2. The successful property manager must be able to function effectively at four different levels of maintenance operations: routine maintenance, preventative maintenance, corrective maintenance, and new construction.
Explain the ways in which routine maintenance and repair affect a property’s performance.
Differentiate between exterior and interior maintenance.
Provide two examples of exterior maintenance and two examples of interior maintenance.
 Write a two- to three- page paper detailing the maintenance plan for your Property Management Plan. The plan must include maintenance for indoor and outdoor goals. The paper should be formatted according to APA guidelines.
At a minimum, the maintenance plan should include:
a. Policies and procedures for routine maintenance.
b. Policies and procedures for preventative maintenance.
c. Policies and procedures for corrective maintenance.
d. Short term goals.
e. Long term goals.
 As you are preparing your maintenance plan and retrieving information from various sources, please keep the following in mind:
a. Determine whether or not you will use on-site maintenance personnel or hire on a contract basis.
b. Will outdoor maintenance be handled by the same personnel that handle inside maintenance?
c. What are your necessary maintenance tasks?
d. How will maintenance tasks be scheduled?
e. How will maintenance records be kept?
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RES 429 Week 2 complete

RES 429 Week 2 complete

DQ 1. Explain why property managers and asset managers must be knowledgeable about market conditions. Provide examples of how you would stay knowledgeable about market conditions as a property manager.
 DQ 2. What are the two common motivations behind rent controls? Explain the pros and
cons of rent control.
For the Final Project, you will be preparing a Property Management Plan for a property of your choice (apartment building, shopping center, or other commercial property). Each week you will complete a component of the Property Management Plan. In Week Two, you will be completing the property analysis section of the Property Management Plan.
Write a three- to four- page paper outlining your property analysis for a property of your choice. Please see the recommended readings section for resources to assist you with locating a property.
The property analysis is a review of the particular property itself: its physical condition and needs, its rent roll and lease structure, and its overall financial performance and condition. The property analysis, at a minimum, should include the following:
a. Building size, location, accessibility
b. Physical condition and age of structure and grounds
c. Common area characteristics and condition
d. Tenant space characteristics and condition
e. Building occupancy and character of tenants
f. Curb appeal: visual impression, style
g. Building-to-land ratio: other possible uses or expansion on the site
h. Compliance status regarding relevant regulations
i. Current management strategy, policy, procedures
j. Current staffing adequacy
k. Financial integrity (including comparison of revenue and expenses with other similar buildings)
 As you are preparing your property analysis and retrieving information from various sources, please keep the following in mind:
a. A useful property analysis includes a thorough description of the property.
b. What is needed to make the property of my choice competitive?
 c. What data will be useful in comparing the financial integrity of the selected property with similar properties in the area?
d. What are your tenant strategies? Who will be the tenants and how will you attract them?
 The paper should be formatted according to APA guidelines.
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RES 429 Week 1 Complete

RES 429 Week 1 complete

DQ 1. Describe the major responsibilities and tasks associated with professional property management. Why would investors choose to manage their own properties?
 DQ 2. Explain the differences between managing your own property and managing a rental property owned by someone else. Discuss specific challenges of managing real estate for yourself and managing property owned by someone else.
Write a two- to three-page paper analyzing the roles, duties, and responsibilities of professional property managers. The research paper should be comprehensive and include specific examples. The paper should be formatted according to APA guidelines and include one scholarly source other than the required readings with paraphrased citations. Please include responses to the following questions within your paper:
 a. What are the advantages or disadvantages of working as an employee manager as opposed to a third-party manager?
b. What are some of the reasons property owners would choose to hire a property manager rather than manage property themselves?c. Why should a property manager be concerned about ethics?
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RES 351 Week 5 complete

 RES 351 Week 5 complete

 Resource: University of Phoenix Material: Understanding Business Research Terms and Concepts: Part 3
Complete the University of Phoenix Material: Understanding Business Research Terms and Concepts: Part 3.
 Build on Preparing to Conduct Business Research: Part 1, completed in Week Three, and Preparing to Conduct Business Research: Part 2, completed in Week Four.
 Develop or select the instruments your team will use to collect data.
 Describe how you will sample the population:
 ·         What is the appropriate sampling method?
·         What sampling frame will be used?
·         What is the appropriate sampling size?
·         How will the sample size be determined?
 Discuss the overall data analysis approach and result reporting:
·         Which statistical test will be used and why?
·         How will the results be displayed?
 Combine the three parts of the Preparing to Conduct Business
Research assignment to develop a cohesive research proposal of no more than 2,450 words.
 Include the following elements:
 ·         Research problem and purpose
·   Significance, scope, magnitude, and feasibility of finding a solution to the issue, opportunity, or problem
·         Research question, hypothesis, and variables
·         Research design
·         Instrument you developed or selected
·         Sampling method
·         Overall data analysis approach
·         Result reporting
·         Ethical considerations
 Support your analysis by citing the course text material and including your course text in your references.
 Format your paper consistent with APA guidelines.
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