An Strategic Planning Tool For Agencies

1101 Words Jul 7th, 2015 5 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 bed room and two bedroom home space are available. There is a unit mix of 66% one bedroom and 34% two bedrooms homes. Property Management Plan. Property analysis
Common area: Common amenities include club house, barbeque grills, swimming pool, laundry facility, breakfast bar and 396 open parking spaces. Tenant space conditions: Unit amenities include wood burning fireplace, dishwashers, walk-in closets, washer/dryer hookups in select units and patios and balconies. Building occupancy: There is a high occupancy in Preston valley which is currently at 95%. Character of tenants: It is a multifamily building. Building to land ratio: There are 20 buildings constructed by Preston valley on a rectangular site comprising approximately 10.17…
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