DC Property Management

Question 1

The primary responsibility of a real estate property manager is to understand and implement the owner’s goals and objectives.

Answer 1

In order to accomplish this and to develop a short term and long term “game plan” for the property, the manager needs to formulate a Management Plan.

Question 2

A Market Analysis

Answer 2

focuses on both a regional and neighborhood evaluation, which includes the demographic conditions, geographic features, governmental prospective, existing real estate supply, potential future developments, and tenant/ resident demand.

Question 3

By performing the ? and ? it is easier to identify the subject property’s strengths and weaknesses.

Answer 3

Market Analysis and a Competitive Property Analysis

Question 4

Analysis of Alternatives

Answer 4

it looks at the theoretical costs and corresponding increase in rents by making different improvements, even the subject property’s redevelopment.