The management of a real estate portfolio is critical because most corporations have large portfolios of real-estate assets. A portfolio could contain thousands or hundreds of properties. There are a number of ways to manage these assets. These include using various computer database systems. But there are limitations to these methods. Many systems do not offer a prudent due-diligence assessment. A benchmark is also not available to help clients compare their sites with market counterparts.
Another problem with these existing systems is that they do not give corporations what they should be paying for. One example of a large corporation could own hundreds of properties. Each property can have its unique start and end dates for expenses. Different expenses can rise at different rates. It can also mean there are many other types of expenses that are not included in the basic expense calculation.
The invention is a tool for commercial real estate professionals to optimize their current portfolio's costs. The invention consists of a financial analysis method that projects future expenses for individual leased properties. This method calculates the rents, property expenditures and other costs of leased property over time. These numbers can be compared to market comps, which is the total value of comparable properties. This will produce a per-site cost comparison. The managers can use the results to set a benchmark.
Another feature of this invention is the possibility to optimize a geographic area, instead of just a city. It can also be applied in other real estate transactions. The invention relies on eight cycle models rather than generalized metrics to calculate cyclical impacts of key investment variables. Each model gives insight into an aspect of investment timing by providing an analytical definition.
The invention will not only provide financial analysis methods, but also present the results in a graphic format. Using the dashboard shown in FIGS. Managers of large companies can see a 50,000 foot view of their portfolios using FIGS.14A-14E. To help determine which properties require attention, users can change the threshold limit colors. Alternatively, users can drill down into each Site, and use the dashboard to determine the location of individual properties. The invention can be used to assist corporate managers in properly evaluating commercial real estate lease portfolios.
The invention is based in the awareness that prior art systems lack sufficient strength to allow commercial realty managers to correctly assess their portfolios. They instead assume a static, implicit cost of the lease property. This results in failures to optimize.
FAQ
How many hours does it normally take to complete a typical DIY project?
The average DIY project takes anywhere from two to four hours. The project's complexity and difficulty will impact the length.
How do you find a trustworthy handyman to help me?
You should always get references before you hire a handyman. Ask family members and friends who have dealt with them in the past. You can also look online for handymen's reviews.
Do I need a license to become a handyman?
You don't need a license to work as an independent contractor in most states. However, you will still need to meet certain conditions:
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You must be at least 18 years.
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A high school diploma or GED is required.
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Complete a four-week course at a vocational school.
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Complete a background check through your state's Department of Licensing.
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Register annually by paying $20
You will also need business licenses and workers' compensation insurance.
Statistics
- Another estimate was that the market in the United States was $126 billion and was increasing by about 4% annually. (en.wikipedia.org)
- According to the U.S. Bureau of Labor Statistics, in May 2020, there are 1,357,630 handymen employed in the U.S.. (angi.com)
- With a strong housing market, the handyman and general maintenance worker industry are expected to grow by nearly 10% in the next decade. (housecallpro.com)
- A franchise was approximately $110,000 with a franchise fee of $14,900, according to a spokesperson for a national handyman franchise. (en.wikipedia.org)
- Mila keeps a commission of 20% for each completed service performed by Friends and charges various service fees regarding work done by Pros. (appjobs.com)
External Links
How To
How to replace a dead doorknob
The best way to replace something is to make it both functional and beautiful. An attractive door handle could replace a basic doorknob.
It is important to make sure that the product you choose is identical to the original and easy to use.
If there are other shiny finishes around the house, a shiny brass knob might seem too extravagant. If there's no other furniture in the room, you can have it!
Another option is to choose a knob that matches existing hardware but does not match the rest of your home's style. This could be a good choice if you're redoing kitchen cabinetry or adding a new countertop in another part of the house.
You can keep the traditional look going by replacing your knobs with matching handles.