Real Estate Analysis
U.S. English is required 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 (excluding the title and reference pages) 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 explain each of the following: ●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, include the following: ●A description of the property. ●An analysis of what is needed to make the chosen property competitive. ●A comparison of what data will be useful in comparing the financial integrity of the selected property with similar properties in the area. ●An explanation of your tenant strategies. Who will be the tenants and how will you attract them?