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.
To
download the complete paper click RES
429 Week 2 complete
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