Property management is very essential when it comes to handling of properties such as real estates and so on. Owners with multiple units such as office buildings or apartments require a property manager or a real estate agent to help them manage those properties. Remember that property management can be a tough job to run it all by yourself. Ideally, tenants should be in a position to operate and live smoothly as possible without problems. This is the reason why you need a good estate agent or a property manager to help you in property management. The following are the key questions to ask before appointing an estate agent or property manager: 1. How many years has the property manager been working in real estate? Everybody likes to be served by a professional. You should choose an estate agent who has a good experience when it comes to real estate. You should settle for an individual who has adequate knowledge in the field of property management. If you choose an experienced person, you will have some peace of mind and your tenants will be happy to rent your property. An ideal estate agent is supposed to have worked in real estate for several years. 2. What happens if my property needs some urgent maintenance? You will realise that many agencies will have a list of preferred contractors that deal with emergency situations at …show more content…
Without them, you cannot earn revenue through rent. You can end up selling your property if you do not get tenants to rent your property. This is the reason why your property manager should have strategies to market and attract tenants. They should have a database of quality tenants looking for a place to rent. You should ask your agent how many days they are available to shoe the property to interested tenants. In addition, you should know how they are planning to advertise your property. An ideal agent should be available for open-house inspection on the weekends and after business
This case study examines various real estate contracts – the Real Estate Purchase Contract (REPC) and two addendums labeled Addendum No. 1 and Addendum No. 2 – pertaining to the sale of 1234 Cul-de-sac Lane in Orem, Utah. The buyers in this contract are 17 year old Jon D’Man and 21 year old Marsha Mello; the seller is Boren T. Deal. The first contract created was Jon and Marsha’s offer to purchase Boren’s house. This contract was created using the RESC form, which was likely provided by their real estate agent as it is the required form for real estate transactions according to Utah state law. The seller originally listed the house on a Multiple Listing Service (MLS); Jon and Marsha agreed that the asking price was too high for the neighborhood (although we are not given the actual listing price), and agreed to offer two-hundred and seven-thousand dollars ($207,000) and an Earnest Money Deposit of five-thousand dollars ($5,000). Additionally, the buyers requested that the seller pay 3% which includes the title insurance and property taxes. After the REPC form was drafted, the two addendums were created. Addendum No. 1 is from the seller back to the buyer, and Addendum No. 2 is the buyer’s counteroffer to the seller.
Masters Home Improvement is an Australian home improvement chain that started the market in 2011, and it is managed by the joint venture between Woolworths Limited and Lowe’s, USA in order to create an opportunity for Woolworths Limited to expand its market. Bunnings is the market leader in this industry who gains 64% of total market share, followed by Mitre 10 with 13.0%, and Masters with 8.0% of market share (The Australian, 2016). The company’s revenue continuous increased since they started the business in 2011 to 2014, they gained total revenue around $1527 million in 2014 (Woolworths, 2015) but the company still got loss from their operation expenses. Moreover, the sales dropped
Chet Craig is the Central Plant Manager of the Norris Company. He started as an expediter in the company's eastern plant and was quickly promoted to Production Supervisor in three years. After two years, he was promoted to Assistant to the Manager of the Eastern Plant. Five years later, Chet was transferred to the central plant as an Assistant, and after one month, was promoted to his current position.
middle of paper ... ... Works Cited Pbs.com, (n.d.) -. Frontline, Contractors, High Risk Contracting Business, Private Warrior. Retrieved November 7, 2013 from http://www.pbs.com. Web.archive.org.
Evolving since the 1980’s, case management, an essential part of quality assurance programs, promotes excellence and efficiency in consumer health care, while conserving costs for health care organizations. Effective case managers answer the demands of changing health in promoting and facilitating a patient’s progression of care (Scott 2014).
In further understanding the differences between the trends in rental v. owner-occupied housing, we can apply economic theory. First and foremost, is supply and demand theory. This is the most basic of economic principles. It explains how prices are set, how and when the market is at equilibrium, and human behavior in the context of a free market economy. (The Law of Supply and Demand, n.d.) The greater the demand for a good, the higher its price. This is what we saw with the build-up of the housing bubble.
Supply is the quantity of goods that sellers are prepared to sell at any given price over a period of time” (ibid). The major factors of demand that affect the housing market are: taste and preferences and income. The major factors of supply that affect the housing market include government policies and price inelasticity of supply (ibid).
Imagine this, you are looking to buy a used car. You go to a car dealership that is very popular. They show you a car that you really like and you tell them that you are very interested, you just want to evaluate the alternatives first. You decide to go to an another car dealership, but this time it is a dealership that just started business. This dealership shows you a car very similar to the car you liked at the other dealership, and on top of that, it is almost $10,000 cheaper. Immediately, you know that the dealership is giving you a good deal and without hesitation you buy the car. A few months later you begin to notice that the transmission is going out in your recently purchased car. You go to the dealership and complain, but they say that’s too bad, you bought the car as is. You are beyond frustrated. You tell your friends to never buy a car from that dealership. If the company continually screws over their customers, the business will be unethical and once others find out about the poor business, it will spread like a wild fire.
A real estate agent is a person who sells and rents out buildings and land for clients. This career is very important if you are buying a house, but you don’t really know what you’re doing. Real estate agents can help to guide you through the process, and answer any questions you have. Real Estate has always been around, it just wasn’t referred to as an actual occupation. Real estate companies didn’t start until around the 1950’s. People could now officially buy and sell houses, and make money from it at the same time.
According to the Case Management Society of America, case management is "a collaborative process of assessment, planning, facilitation, care coordination, evaluation, and advocacy for options and services to meet an individual's and family's comprehensive health needs through communication and available resources to promote quality, cost effective outcomes" (Case Management Society of America [CMSA], 2010). As a method, case management has moved to the forefront of social work practice. The social work profession, along with other fields of study, recognizes the difficulty of locating and accessing comprehensive services to meet needs. Therefore, case managers work with these
Case management refers to when a person or people in need require an environmental intervention. The Conrad Hilton Association defines case management as “one of the primary services offered to individuals and families who face multiple challenges, including severe mental illness, addiction, and homelessness.” Case management often helps those who are struggling or who are in need, however, the term tends to be used very loosely within organizations.
Karen Solazzo is a local small business owner. He founded the company Gatehouse Properties Inc. and their goal is providing high quality property management services with integrity, professionalism and respect for their clients. The company owns 7 houses around Conestoga College (Doon campus - Kitchener) and they rent out the rooms for national and international students. Currently, there are more than 45 tenants and every year this number tends to grows because the company is always reinvesting in their business.
The first step to buying your home is assessing your financial situation. A person must evaluate how much exactly they can afford and borrow. Most people hire a real estate agent to find a home. A real estate agent can help in finding different homes that suit the person’s needs. At the Department of Housing and Urban Development’s website, “You'll want to start searching for a broker as soon as you decide to buy a home. Talk to several and find someone you think you'll be comfortable working closely with”(1) Having a wide range of options is always helpful. An agent can also help in negotiating the price, and showing what the potential buyer needs after finding a home. A buyer might also need the services of a lawyer, a loan officer, insurance agents, and an accountant. In all purchasing your own home is a daunting task if you plan on doing it alone.
There are many papers which argue what market structure real estate agencies fall under. Coiacetto (2006, 1, Online) argues “that it is not necessarily a competitive industry and, in some instances, can be highly oligopolistic.”
As compensation they charge a fee for this agreement. Agent and Brokers also differ from a merchant wholesaler because they do not own goods and services that they buy and sell. Agents works closely with buyers and sellers with more lasting businesses (Kotler & Keller, 2012). An example of an agent with this representation is a real estate agent who enters into a contract to sell a house or business to a consumer. The relationship exists until the need is met and at this point the agent collects a pre-determined