Writing A Residential Rental Property Business Plan June 14, by JohnSouerbry A residential rental property business plan is a valuable tool for planning, tracking and improving investment performance of your rental properties.
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 especially attractive since most of the local rental properties that are geared toward students are run down, poor quality units.
The last segment is faculty and staff of the University. 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 within the community.
Future projects may include custom build outs. Following school, Shawn went to work for one of the largest property management companies in the area. After seven years with [name omitted], Shawn had risen up to Vice President of Operations.
It was his time at [name omitted] that provided Shawn with valuable industry insight and experience. Nathan brings different skills sets to the company, coming from a customer service background. At the young age of 21, Nathan had already completed his undergraduate degree and went to work for Voice Stream Wireless.
This experience provided Nathan with incredible customer attention skills that he will leverage for MSN. Gross margin moderate and improving over the span of the plan. Have a crime rate of 0. Our company is dedicated to a hassle free living environment in which our tenants can enjoy all of the benefits of safe, attractive, and inviting units.
Unlike many other realty companies that are solely concerned with turning profits, our primary objective at MSN is to maintain the highest level of customer satisfaction that is achievable. Tenant safety, happiness, and comfort are our main goals.
MSN maintains competitive market prices, while working toward expanding the number of units owned, and increasing total profits earned. Within the company we will strive to work as a cohesive, harmonious unit focused on exemplifying our mission.
That is why the founders of MSN Real Estate believe that employee satisfaction will make the company a success and will be the key to their longevity. Initial focus will be to buy and develop existing apartment complexes.
We will modify and remodel the acquired real estate so as to meet MSN standards and increase long-term assets and income. Housing units will predominantly be located in the University neighborhood targeting both students and professionals.
MSN fosters the ideals of the importance of tenant needs along with healthy and understanding relationships and a professional commitment to satisfaction.
Maintaining open communication between MSN and its customers in order to ensure the highest level of customer satisfaction and long lasting reputation within the community. To continue to expand the number of units owned and maintained, while also increasing the level of profits for both MSN and its investors.
Primary experience and expertise is in the development of high-quality, lower cost living for students and professionals seeking the most up-to-date technologically advanced living environment. An area of intense training and attention is the importance of strong customer service.
The first property purchased by the company is a unit apartment building on the corner of Hilyard and 14th in Eugene. It is relatively close to the University, so will be easily rented to capacity nine months out of the year.Confirmation of Payment Plan/Terms Letter Write this type of letter to confirm payment plan and/or payment terms with another person or company.
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