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 choiceproperty. 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
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