Res 429 Week 2 Property Analysis

RES 429 Week 2 Property Analysis

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Property Analysis. For the final paper, 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 on the property management plan. In week two, you will be completing the property analysis section of the final property management plan.
Write a three- to four- page paper outlining your property analysis for a property of your choice. Please see the recommended readings section for resources to assist you in 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. include the following.
• The property analysis, at a minimum, should
• 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, please keep the following in mind:
• A useful property analysis includes a thorough description of the
• What is needed to make the property of my choice
• property. competitive?