...purpose of this business plan is to raise $1,000,000 for the acquisition of a 20 unit apartment complex while showcasing the expected financials and operations over the next three years. Apartment Complex, Inc. (“the Company”) is a New York based corporation that will provide rental services to customers in its targeted market. The Company was founded by John Doe. 1.1 Products and Services The primary revenue center for the business is acquiring apartment complex properties with the intent to rent the properties to the general public. The business will generate profits from both the ongoing rental income paid to Apartment Complex, Inc. while generating capital appreciation from the long term holding of these properties. Now that that the real estate market has hit come to its bottom, Management expects that the market will have a future growth rate of 5% to 6% per year. The third section of the business plan will further document the residential rental services offered by the business. 1.2 The Financing Mr. Doe is seeking to raise $1,000,000 from an investor. The terms, dividend payouts, and aspects of the deal are to be determined at negotiation. This business plan assumes that an investor will receive 50% of the Company’s stock, a regular stream of dividends, and a seat on the board of directors. The financing will be used for the following: • Financing to acquire the initial Apartment Complex property. • Financing for the first six months of operation. • Capital to purchase...
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...Hoadley English 106 My Apartment A new family moving into the Vista community would have a plethora of housing options. There are just so many flashy ads and advertisements around. It can make finding a place to call home a true chore. But as many families have already found out, there are many reasons as to why the apartments in my neighborhood are some of the most sought after in Vista, CA. Especially in comparison to my previous residences such as Marine Corps barracks, my current apartment has many advantages that would make it a wonderful place any family would be proud to call home. First of all, for its size, the apartment is very affordable. During my 3 months of apartment shopping, I could not find a more sizeable apartment for the price. It costs just as much for two bedrooms and two bathrooms as some other properties charged for a studio or single bedroom unit. Also, the rooms in the apartment are very large. We have a very large master bedroom. Furthermore, the guest bedroom is big enough for my wife and I to store all of our extra belongings as well as a twin bed and a computer workstation. In addition to those, my apartment also has an immense amount of storage space. There are walk-in closets in both bedrooms, extra storage outdoors, and there is even a walk-in pantry in the kitchen. Although, as much of a selling point the size and price were, if not for the great location, we still may have kept searching. Secondly, the apartment is in a great location...
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...Renting an apartment can save you more money and give you less worries than buying a home. When you rent an apartment there are many things that are already paid for. One thing that is already paid for depending on the apartment complex is the water bill; you don’t have to worry about paying for your water bill like you do when you own a home. Water bills can come up very high when you buy a home and use water around your home. In this economy trying to save money is the best thing you can do. Another thing you don’t have to worry about paying is for the repair of your apartment, this means if something goes wrong it gets fixed without you having to pay a dime. This only applies to things that are included with the apartment, for example when you own a home if something goes wrong you have to pay for a repair man or parts you buy yourself to fix it. This not only cost money but hard labor as well that’s if you want to fix it yourself. With an apartment there is no insurance that you need to pay for, with a house you have to get insurance and that can cost you quite a bit of money. Another great thing about renting an apartment is less worries. When you rent you don’t have to worry about something becoming out of order and not being able to fix it because the maintenance people at the apartments take care of it right away. One worry that is very important is safety; there are less chances of someone breaking into your home because there are always people around. Apartments also...
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...Real Estate Management Business Plan MSN Real Estate Executive Summary MSN Real Estate (MSN) is an Oregon-based real estate company that will offer benchmarked rental units for the Eugene, Oregon community. MSN's units will balance safety, cutting edge features, and a positive atmosphere for all tenants. These rentals will be provided with unmatched levels of customer service and attention. Sales are projected to be substantial in year one growing moderately by year three. The Market MSN will target three distinct customer segments. The largest segment that they will service is University of Oregon students. This segment is growing at 7% a year with 18,000 prospective customers. This segment is especially attractive since most of the local rental properties that are geared toward students are run down, poor quality units. The second market segment is local professionals who are increasing at 4% and have 12,000 potential members. The last segment is faculty and staff of the University. This section has a 5% growth rate and 6,000 potential customers. Strategy MSN will initially focus their efforts on buying and developing existing properties. Once the properties are purchased, each unit will be hard wired with Internet access, state-of-the-art amenities will be installed, and safety measures will be implemented ensuring a cutting edge, safe environment. This course of action will be initially pursued as a way to efficiently utilize capital and establish a reputation...
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...time goes by, there has been built an apartment which is has the same function as a house, that is a place to live in. Unlike a house, an apartment usually located at the center of city which is give an extra benefit for business utility. “Your apartment is your home, and you should be able to enjoy it to the fullest” (Ron Leshnower, 2010). Nonetheless, some people think that living in house would give the maximum comfortibility. There are 2 similarities between a house and an apartment. First of all, both of them would make you spend the same living cost. When you decide to live with luxurious life style, wherever you live, you would stay to live with that kind of habit. Second of all, whether it is a house or an apartment, it has a big role as a place to live in. In the other hand, there are 3 differences between living in a house and apartment. Firstly, living in a house would spend more money rather than an apartment. If you think that someday you would buy a house, first thing that you need to purchase is a land. A land is primary requirement to build a house. Thus, it should be really expensive especially if it is close by the city. And next, you need to buy the raw materials and hire someone to build a house. However, if you decide to buy an apartment, all you need to do is be ready for the money. “It is cheaper then living in a traditional house and paying different kinds of fees I am not familiar with.” (IELTS Essay Task 2: Apartment Or House, paragraph 2, http://www.goodatesl...
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...Renting an apartment is a better option than buying a house Home buying is not for everyone in today’s economy renting versus buying depends on many factors such as how much up front money is available to you, how quickly buying or renting will rise, and how long you plan to live there. Inflation has made buying a home more difficult because the credit standards are much higher consequently these circumstances has made renting a better option than buying for the ones that are on their own for the first time, buying a home is a future dream and because there are many cost associated with home purchase, we have to consider which is more beneficial to your bottom line. Weigh the facts with a caveat that something’s are not as great as they sound, and weigh the options so that there are no surprises when that moment comes. Some might see renting as throwing your money away, but realistically speaking, if your credit is near perfect then the best choice for anyone who is not credit worthy, is to rent an apartment. There are a lot of reasons that shows that it might be a better option, but this shows that you have to be effective. Another point to remember is how long the buyer has to save up for the down payment so that they are limited to other investing that could be making large profits. Renting is much easier because you don’t have to all the up front cost or have the best credit, and if you are looking to stay between five to six years then the better option is renting...
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...DREXEL ISCHOOL Apartment Management System Analysis & Design INFO 620 Information Systems Analysis and Design Spring Quarter 2010 Nathan Vasserman Fangwu Wei David Fernandez Andrew Messina Final Report Submission 06/10/2010Fangwu Wei, Andrew Messina, David Fernandez Galende, Nathan Vasserman Group Project Submission 6/10/2010 2 INFO 620: Information Systems Analysis and Design, Spring Quarter 2010 Fangwu Wei, David Fernandez, Nathan Vasserman, Andrew Messina, Project Category: Analysis & Design, Apartment Management System Contents Introduction...................................................................................................................................4 System Analysis............................................................................................................................4 1. Title:......................................................................................................................................4 2. The Problem Statement.........................................................................................................4 3. Requirements.........................................................................................................................5 4. Examples of system input/output, etc. ..................................................................................8 5. Knowledge Acquisition...........................................................................................
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...Apartment Living Vs. Living in a House At some point in everyone’s life they are faced with the decision of choosing where they want to live. This can be a very difficult decision to make. Depending on the lifestyle you have or are wanting, there are many options. The first thing that you need to decide is what type of housing suits your needs and preferences. In the world we live in today you can choose from the convenience of an apartment or the freedom of a house. There are several advantages and disadvantages to both of them. Let us begin with the size of property you are looking for. Apartments can vary in size, they are built to please families and single people. Efficiency apartments are good for those who are not needing a lot of space. They are typically very compact and fit an entire apartment in just one room. If this is not for you and maybe you have a family, you can get an apartment with up to three bedrooms and two bathrooms. On the other hand, if you would prefer a house, they too vary in size. With a house you have more options on the amount of bedrooms you can choose from. There are houses available from only one bedroom and up to as many as you need. The size of the rooms are also a factor that you need to consider. The two main differences between the size of an apartment and the size of a house, are the sizes of the kitchen and the bathrooms. These rooms are much smaller in most apartments than they are in a house. All though they are still just as...
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...Renting an Apartment versus Buying a Home Composition II / 156 March.20, 2011 Outline for my Essay Why should we buy a home vs. rent an apartment? There are a lot of factors to consider for both. There are a lot of steps to finding out what you would want if you buy a home and if you rent an apartment. The factors can be overwhelming and yet very important. So the first thing you need to do is get all of the information that you are looking for and put it down on paper. Then you need to weigh the pros and cons of them. Just to make sure you understand what it is you have gain and give up for each type of dwelling and how you want to own it. You also want to look at the financial part of it as well. Make sure you can afford what you are looking for or look for what you can afford. In the end you will be able to logically decide on what to do with your dilemma. So there are many factors however there are also the benefits and what you want to be responsible for and not be responsible for. So the choice is up to you and only you can make it happen. I am just giving you the information to make an educated decision. I rented for years before my husband and I decided to buy a home. It came years after and when our daughters were elementary age. I enjoy being a homeowner however I also enjoyed renting cause of not having to worry about doing all the stuff the apartment complex had to do because I paid rent. This is just a scratch on the surface of the renting...
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...Evaluation of Security Programs SEC 420 Case Study 1 01/16/2016 Case Study 1 I just won a bid to construct a high-rise residential apartment building. The complex is to be located in an area of the city which borders a high-crime urban area on one side, and industrial facilities on the other. This will present several challenges that will require strategic planning to overcome or reduce the level of risk or threats. The construction will be built with a design that accommodates the needs of the occupants and owners especially those involving security and territorial space. Considering the industrial facilities surrounding the apartment it is important that the building will suit residents that are associated to the industrial facilities in the area. The building will have a modern designed with an attractive complex structure for people who are looking for an apartment. I will consider the following factors that will incorporate the needs of the occupants and owners, which include; territoriality; natural surveillance; design guidelines; territory and personal defense strategies; and confidence restoration strategies. I begin with territoriality of the construction planning. According to Robert A. Gander “Territoriality involves an individual's perception of, and relationship with, the environment. A strong sense of territoriality encourages an individual to take control of his or her environment and defend it against attack.” In order to accomplish...
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...Renting an Apartment is a better option than buying a House (Week 2 Day 7 Assignment) Is renting an apartment a better option than buying a house? My argument is buying a house is a better option than renting an apartment. The point of view will support my topic by including facts, statistics, examples and details. The point of view will include the pros of buying a home versus the cons of renting an apartment, such as buying a house is an investment versus throwing money away, buying a house can be a tax deduction, buying a house is an investment you can live in, having a fixed mortgage rate in buying a house is a better financial option than having to deal with the inflation of rent every lease renewal, last but not least buying a home will allow you to update and upgrade as you wish, inside and outside. My point of view will also include facts and evidence against the opposing position. An argument cannot be one sided. Including evidence such as an apartment is rent and rent is money that is not an investment, you can add up all the rent you have paid in the past twenty –five years and have nothing concrete to show for it versus paying a mortgage for the past twenty-five years and could own the house in another five in most cases. In an apartment you cannot upgrade as you wish, you may risk rent increasing every year upon the lease being renewed and new management can take over and you lose your apartment. With a house, you get a garage, with an apartment you have...
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...environment we grew up, unquestionably, the place we live, relax and spend our time with friends and relatives it is extremely important. Although nowadays people choose to live an apartment due to financial reasons, I prefer to live and raise my children in a house. First of all, I grew up in a house, so I think it is very difficult for me to move in an apartment and adapt in a new and completely different way of life. The life in an apartment has many limitations. You cannot have your privacy and you must respect the rest residents. Consequently, you cannot make a lot of noise, (especially during the midnight), invite your friends or relatives anytime you want, watch television or listen to music very loud even make barbeque in your balcony. I really, cannot imagine my life with out these activities. In addition, usually houses are larger and more comfortable than apartments. Moreover, if you live in a house you can spend your time in a garden or backyard, instead in a central park or another public place. This is a very important advantage especially when you have children in the house because they can play safely with out any danger from careless drivers and criminals. Furthermore, people that live in house tend to have better relationships with their neighbours instead of those that live in apartment due to the traditional way of life they adopt. As it was mentioned above, the place that you will choose to live is an extremely important decision. I believe that if you...
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...I know there are advantages to living in a modern apartment, but I'd prefer to live in a traditional house. My reason is that I love traditional design. It's graceful and warm and inviting. I think modern design is very empty and sterile and not very inviting. So, because of the way it looks, I'd choose a traditional house. I recognize the fact that a modern apartment is going to be in much better shape. Being new probably means all the plumbing works, the roof isn't going to leak, the windows are properly sealed, and the kitchen appliances are in working order. A traditional house can't guarantee any of that. In fact, it's likely that things will break down or need replacement, simply because of age. Still, if the appliances are old, so is the wood, and that's a big advantage as far as I'm concerned. Very few new buildings have the kind of woods that were used years ago. It's something that can't be copied. Space is always important to me, too. I need a lot of room for my home office, my clothes, and to display all the knickknacks I've picked up in my travels. I also like to have interesting space. I don't want all the rooms and windows the same size or a boxy design. A modern apartment usually comes in one size and shape. A traditional house is going to have a variety of spaces where I can put a little table or a window seat. And it will have lots of room, from basement to attic. These are all good reasons for me to prefer living in a traditional house. Some people...
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...Apartments Partaking in this simulation was a very interesting and an insightful look on both micro and macro economics. In this simulation we live in Atlantis. There is little traffic, low pollution, well maintained sidewalks, and streets. In Atlantis, the housing is either detached homes or apartments. GoodLife Management is a property management company that manages 7 buildings which consist of 2 bedroom apartments. GoodLife is the only company that rents out apartments, and this considered a monopoly (University of Phoenix, n.d.). In this paper, we will cover two concepts of Micro and Macro, what shifts the supply and demand curve, how it applies to a real-world product, and elasticity. In both micro and macro economics we learn about two concepts, which are supply and demand. Microeconomics which is the study of an individual choice and how the force in the economy has an effect on it and Macroeconomics studies the whole economy and all the factors. According to Colander (2010), “Supply is a schedule of quantities a seller is willing to sell per unit of time at various prices, other things constant. Demand is a schedule of quantities of a good that will be bought per unit of time at various prices, other things constant” (p. 983-984). GoodLife supplies 2-bedroom apartments on a temporary month-to-month lease which according to our survey team is what is in demand at the time. There are many reasons the demand shift moves one reason that has come up is change in preference...
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...• History: Wild Wood Apartments owns 20 different apartment complexes in Washington, Oregon, California, and Idaho. Each apartment complex contains anywhere from 10 to 60 separate apartments of varying sizes. Each manager is expected to send a report to the Wild Wood Apartments company headquarters in San Francisco every quarter. This report summarizes the occupancy rate, the total revenues in rent, the total expenses in maintenance and repairs, etc. Currently managers fill out a paper form and mail it back to headquarters. • Scope: This report summarizes the occupancy rate, the total revenues in rent, the total expenses in maintenance and repairs. The company is proposing the development of a centralized database that the managers can use to track the daily business of their apartment building and to prepare their reports. • Constraints: None • Objectives: Create a database to assist in the apartment managers to keep track of records and create an accurate report to send to headquarters. • Tasks and Timeline: o Gathering Data: Collect information needed for quarterly reports Time allotted: 1 week Deliverable: Gathered all data needed from coordinator o Analyzing Data: Collected data will be reviewed to create the appropriate database Time allotted: 2 weeks Deliverable: Mapped out plan of action given to the coordinator o Normalization: Organizing all data received, disposing of duplicated and unneeded data. Time allotted: 2 weeks Deliverable: Coordinator...
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