Mai Property Management Business Plan
Mai Property Management Business Plan
Bachelors Capstone Final Project
Mai Thor
MT 499-03: Bachelors Capstone in Management
Ernest Norris
Mai Property Management Business Plan
Table of Contents
Section 1: Executive Summary on Mai Property Management 3
Section 2: Code of Conduct 7
Section 3: Operations 11
Section 4: Marketing Plan 14
Section 5: Information Technology 19
Section 6: Financial Plan 22
Section 7: Management Summary 23
References 26
Appendix 27
Executive Summary
Business Description
At Mai Property Management Company is to provide full gross services on managing multi-family apartments for apartment owners. By providing these services to apartment owners who
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Location of desire is the county of Los Angeles. The estimated population in the city of Los Angeles is 4 million people (WPR), and this is not the only location Mai Property Management is targeting, but also the surrounding areas of Los Angeles that consist of additional 12 million people in these locations of the target.
Products and Services
The services provided by Mai Property Management is full gross service on managing the property. In other words, the company will manage inventory by purchasing inventory through warehouses or third party vendors. Also, having 24 customer service call center for both Landlord and Tenants to contact the office during business hours or after hours will be essential for both.
Competitive Advantage
The advantage of hiring property Management Company is to reduce the owner 's responsibility. Property Manager is responsible for filling vacancies, screening tenants, responding to maintenance requests, collecting rents and any other duties about the rentals. Also, property managers have their roster of vendors to help maintain an owner 's rental or respond to tenant 's problems. While these vendors might not be the least expensive on the market and will help eliminate the risk of being cheated or overcharged. Another is property managers takes the time to advertise the rental, show it, and take the proper steps to filling the unit for the owners.
Marketing Strategy
In the marketing strategy plan at Mai
Hollingsworth St Clair property pty ltd is a property valuation service and provide valuation services for other things such as Market Value for freehold and rental properties, Rental Valuations and Determinations, Compulsory Acquisition, Building Insurance, Mortgage Security, GST purposes, and Special requests. The business was formed in 2000 by directors Neil Hollingsworth and Rob St Clair, both of whom have extensive experience over 30 years in valuing commercial, industrial, retail and residential properties. It is a private company with those 2 directors and is mainly run by both Rob and Neil with some extra staff doing administration things. The interviewed person was Rob St Clair and it was conducted over phone.
The undersigned reader acknowledges that the information provided by North Management Group, LLC in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of North Management Group, LLC.
Our group is planning to incorporate many different innovative energy, park, and transportation solutions into our city. One of these solutions is the Hyperloop, which currently is an experimental travel solution that costs four billion dollars less than the proposed California high-speed electric train plan (10 billion vs. 6 billion). It is also extremely fast, expected to be able to get someone from downtown LA to downtown San Francisco in 30 minutes. It also is powered by solar panels and when there is a lot of daylight it will make more electricity than it uses. Our second innovative solution is that we want to have solar panel roads. These two will add up to be a big source of electricity in the city.
Everyone in a managerial role is responsible for establishing the communication needs of the service users, providing appropriate support and ensuring any equipment needed to communicate is available. The Managerial role is to empower and promote the rights of every person taking into account individual needs, wants and rights.
Offering Rented as a software as a service provides customers with a cheaper option, instead of purchasing the software flat or licensing it. Rented will operate from a subscription service that will be offered on a month-to-month, quarterly, or yearly plan. Through Rented, homeowners and renters will be able to communicate directly. Homeowners will be able to view energy consumption, monitor traffic to the house, update lease information, manage payments, update subscription services for cable, and other needed
For this assignment, I selected a property located in Kill Devil Hills, NC. Built in 1996, this one-story building is used for commercial purposes for a rental and cleaning company, and it combines the functions of an office and a storage-warehouse. The types of office activities carried out in the building include organizing and scheduling deliveries and pickups, preparing reports, ordering supplies, answering the phones and communication with customers. The storage-warehouse operations include organizing the cleaning supplies and rental products and
Mr. Alexander is new to the property management arena and has no experience with multi-family dwellings. Due to our clients limited capital he cannot afford to hire a property manager. Because Mr. Alexander will also be working his normal full-time job, and doing the property management as a ‘side-job’ the ability to manage multiple subcontractors will be highly inefficient and could lead to disgruntled tenants and higher vacancy rates.
United Luxury Housing LLC. (Hereinafter referred to as “ULH” or “the company”) prides itself on being one of the fastest growing property management companies in the United States. ULH owns and or manages luxury apartment communities in
the promotion of products and services. Comparatively, the MGMA centers the work of others in
* The first two assignments (Stages I and II of the project) are worth 100 points each.
Merrill Lynch posses the share of the relocation services market. In arrangement with their vision of growth and diversification, CMI sees an importance in entering the relocation services market. Entry could round out their whole service offering and allow them to better compete with Merrill Lynch. Thus the CMI idea to create a “residential real estate financial services company” (Lewicki 576) was born.
There are (3) reasons why I have chosen energy drinks as my NAB. First off, there is a growing market for energy drinks. Red Bull and Monster Beverage Corporation, together, form over 80% of domestic energy drinks volumes by estimates. Dollar sales for energy drinks grew almost 6% to $6.67 Billion in measured channels in 2013, which propelled sales growth for convenience stores (Team, 2014). A growing thirst for caffeinated “energy” drinks, which include the likes of Red Bull, Monster, and Rock star, has spurred a heart-thumping surge in sales. Globally, the energy drink industry has gone from a $3.8-billion business in 1999, to a $27.5-billion
Our broker offers a mortgage company as well as an escrow company. Each of the departments has an appointed manager. The manager in the real estate side assists the broker support and manages over 100 real estate agents on a day to day basis including marketing. The management style at our office is very traditional. The broker runs the show at the office, the manager carries out the smaller tasks the broker delegates down to him and keeps the agents on track making sure we assist the office meetings, that our licenses are up to date, and assists us in any problem or questions we may have. Since real estate agents are self-employed, we do not have much supervision. However, we do have to assist mandatory weekly meetings and personal one on one coaching with our broker or manager on a weekly basis where our goals and objectives are discussed and analyzed.
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