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Property Management
RES 429 Week 1 Assignment The
Professional Property Manager
The Professional
Property Manager. Write a two- to-three page paper (excluding the title and
reference pages) 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 reference two scholarly sources other than the text. Include
responses to the following within your paper:
Summarize the
advantages or disadvantages of working as an employee manager as opposed to a
third- party manager.
Describe the reasons
property owners would choose to hire a property manager rather than manage
property themselves.
Explain why a property
manager should be concerned about ethics.
RES 429 Week 2 Property
Analysis
Property Analysis. For
the final paper, 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 on the property
management plan. In week two, you will be completing the property analysis
section of the final 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
in 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. include the following.
·
The
property analysis, at a minimum, should
·
Building
size, location, accessibility
·
Physical
condition and age of structure and grounds
·
Common
area characteristics and condition
·
Tenant
space characteristics and condition
·
Building
occupancy and character of tenants
·
Curb
appeal: visual impression, style
·
Building-to-land
ratio: other possible uses or expansion on the site
·
Compliance
status regarding relevant regulations
·
Current
management strategy, policy, procedures
·
Current
staffing adequacy
·
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
useful property analysis includes a thorough description of the
·
What
is needed to make the property of my choice
·
property.
competitive?
RES 429 Week 3 Assignment
Maintenance Plan
Maintenance Plan.
Write a two-to-three page paper (excluding the title and reference pages)
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.
The maintenance plan
should summarize:
Short term goals.
Long term goals.
Policies and
procedures for routine maintenance.
Policies and
procedures for preventative maintenance.
Policies and
procedures for corrective maintenance.
As you are preparing
your maintenance plan and retrieving information from various sources, be sure
to include the following:
Explain whether or not
you will use on-site maintenance personnel or hire on a contract basis.
Explain whether
outdoor maintenance be handled by the same personnel that handle inside
maintenance.
Explain the necessary
maintenance tasks.
Describe how the
maintenance tasks will be kept and scheduled.
The paper should be
formatted according to APA guidelines and reference two scholarly sources in
addition the textbook
RES 429 Week 4 Assignment
Competitive Market Analysis
Competitive Market Analysis.
Write a two-to-three page paper (excluding the title and reference pages)
detailing the competitive market analysis for your Property Management Plan. In
the competitive market analysis, you must compare the rents and occupancies of
similar competing properties with your selected property. The competitive
market analysis must also include a regional analysis and neighborhood analysis
in which you outline the economic base of the metropolitan region, the
geographic sector, and the local neighborhood in which the property is
situated.
The paper must be
formatted according to APA guidelines and reference two scholarly sources in
addition the textbook.
RES 429 Week 5 Assignment Final
Project Property Management Plan
Focus of the Final
Project
Property Management
Plan—Putting It All Together
The Property
Management Plan should demonstrate your understanding of the reading
assignments as well as implications of your newly acquired knowledge. You
should integrate readings, class discussions, work/life experiences, and what
you have learned about property management. The Property Management Plan
requires that you synthesize and reflect upon your learning in the context of
the course outcomes.
Prepare an eight-
to-ten page paper (excluding title page and references page) in which you
analyze 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:
Part I: Introduction
and Mission
Your introduction
should summarize the key aspects of the paper. You should create a mission
statement to include:
Property name and
location
Company background
Name of company
Organizational
structure (sole proprietor, LLC, corporation, etc.)—optional
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:
Property Analysis
(Week Two Assignment)
Maintenance Plan (Week
Three Assignment)
Competitive Market
Analysis (Week Four Assignment)
o
Summaryofcompetitivebuildings o Regionalanalysis
o Neighborhood analysis
Part III: Reflections
You should include
what you have learned about property management and how you will apply what
you’ve learned professionally.
You must use a minimum
of seven scholarly sources, including the textbook. The Property Management Plan
is due on the last day of class and must be written according to APA style
guidelines
