FHCE 3350 Lecture Notes - Lecture 3: Assisted Living, Interest Rate, Baby Boomers

• School: University of Georgia
• Department: Financial Planning, Housing and Consumer Economics
• Course: FHCE 3350
• Professor: Broun

Document Summary

To deliver a high quality service that achieves the objectives of the owner. O(cid:449)(cid:374)e(cid:396)"s goals: periodic return cash flow monthly noi, appreciation maintenance, annual noi, market, diversification product types, affordable housing programs and resources, needs, compliance, always: Leverage financing advising (knowledge: maximize income, minimize expenses, properly maintain the property, serve the customers. Advise the owner and keep the owner informed. Communicate and meet with prospective renters and residents. Explain the lease and the terms of occupancy. Conduct move in and move out inspections. Collect fees and rent and maximize income. Build a sense of community and enforce rules. Inspect all building facilities, including the grounds and equipment. Keep records of rental activity and owner requests. Conflicting interests at times unless focus is on the common goals. Economic contribution: homes for 37 million people. Jobs for 10. 1 million people: . 3 trillion to the national economy.