An Strategic Planning Tool For Agencies

1101 Words5 Pages
Introduction and Mission Property management plans are an important strategic planning tool for agencies. A property management plan should enable the Chief executives to establish that the agency’s property is appropriate for the size and nature of the agency’s existing and future business needs. These plans should consider all short term and long term challenges faced by the property manager. It also considers the long term requirements of the agency. Property: Apartment building. Building name: Preston valley Apartments. Location: Dallas. Address: 5631, Spring Valley road, Dallas, TX 75254. Building size: 218,196 sq. feet. Company background: Preston valley apartments, a community built in 1980 comprising 310 rental units. There are 1…show more content…
Compliance status: There is some compliance regarding regulations of the Preston valley. There is a responsive and maintenance team which works regularly for tenants of the building. Highlights: Diverse unit mix, strong value added opportunities, Proximity to Galleria Mall, AMC Theatres, JC Penney, Argosy University and Bert Fields Park. Current management strategies: Preston valley is conducting prudent and legal screening ofprospective tenants, while improving relations with existing tenant. Managers are dealing independent contractors and employees skillfully. Averting fair housing violations and discrimination claims, and staying in compliance with all federal regulations. We are using technology as a marketing tool to attract new tenants. Staffing adequacy: We have complete staff for security, cleaning, maintenance and other operations. Policies and procedures. The company has made the various policies and procedures for the implementation of the property management plan. The management have made the policies related with Applications and Resident Screenings, Lease Clauses and Enforcement, Leasing Consultants and Contractors, Resident Relations, Move-In, Move-Out Procedures, Security Deposits, Pets, Crime and Security, Maintenance and Repairs, Insurance, Liability, and Risk Management Issues, Marketing and Advertising and Hazards and security etc. Financial integrity of Preston valley. Rent = $45000. Parking charges = $500.
Get Access