Management of real estate portfolios is crucial because many corporations own large amounts 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. Most systems don't offer a prudent-due-diligence analysis. They don't have a benchmark that can be used to compare client sites with market comps.
These systems don't give corporations the information they need. Large corporations may own hundreds of properties. Each property has its own expenses and unique beginning and ending dates. This can mean that different expenses can escalate at different rates. It can also mean there are many other types of expenses that are not included in the basic expense calculation.
This invention is a tool to enable commercial real-estate managers to optimize their existing portfolios. The invention involves a financial analysis that projects future expenses on individual leased properties. This method takes into account rents, property expenses, as well as other costs associated with leased property over time. When these numbers are compared to the total market value of comparable properties (called market comps), the invention will generate a per-site cost comparison. These results can be used as a benchmark for managers.
Another unique feature of this invention, is the ability optimize a geographical area rather than just a specific city. This invention can also be applied to other real-estate transactions. Instead of relying solely on general metrics, the invention employs eight cycle models to calculate the cyclical impact on key investment variables. Each of these models provides insight into a particular aspect of investment timing and an analytical definition of a cycling.
The invention will not only provide financial analysis methods, but also present the results in a graphic format. The dashboard in FIGS. Large company managers have access to a 50,000-foot view with the dashboard in FIGS. 14A through 14E. To help determine which properties require attention, users can change the threshold limit colors. You can also drill down into each Site and use this dashboard to locate individual properties. This invention can help corporate managers evaluate their commercial real-estate lease portfolios by combining the features mentioned above.
In the end, the invention is based upon an awareness of the fact that prior art systems do not provide sufficient support to commercial real estate managers in properly assessing their portfolios. They tend to assume that the underlying cost of the leased properties is static. This can lead to a failure to optimize.
FAQ
Are handyman services more expensive than general contractors?
Yes! Sometimes a handyman is a cheaper option than a general contractor. This is especially true if you have never had a contractor perform a particular job before. Additionally, a handyman will speed up the job completion because they can complete certain tasks quicker and more efficiently.
How do I find a trusted handyman?
You should always get references before you hire a handyman. Ask friends and family who have used the handyman in the past. Also, look online--there are plenty of review sites where handymen post reviews of themselves.
How many hours is it typical to complete a DIY project of this nature?
The average DIY project takes two to four hours. The length of the project will vary based on its complexity and difficulty.
What are the most frequent handyman repairs that you need to make?
Handymen can repair damaged roofs or windows, doors and gutters. Handymen are available to help homeowners with home improvements and building projects. They can also assist with plumbing, painting, drywall, landscaping, concrete work as well as tiling and decking.
What does the average handyman charge an hour?
A handyman charges between $50-$75 per hour. They have been doing this for many years. On average, they work for around 10 hours. They don't need to advertise; they are well known in the neighborhood.
They develop long-lasting customer relationships and specialize.
The main difference between them, other contractors, is that they are fast, reliable, cheap, and efficient.
Most people are familiar with at least two of these guys and feel confident enough to call them when they need support.
Some people are so successful that they start their own company.
Statistics
- More than 20% of homes in America have outdoor living spaces, including decks and patios. (mrhandyman.com)
- 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)
- 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)
- An estimate was that in 2003, the market for home maintenance and repair spending was up 14% 2001 to 2003. (en.wikipedia.org)
External Links
How To
How to replace a broken window
Repairing broken windows is one the most common home improvement jobs. Repairing damage to glass within your home is the task. This repair will take only 30 minutes. The problem is that you might end up with further damage to your home if the glass pane breaks. This article provides tips for how to replace broken windows.
First, remove the old glass from its frame
First, take out all the screws that are holding the glass in place. Next, remove the lock at the top of the lower section of your window frame. Next, lift the window slightly up so that it is no longer attached the sill plate (the steel bar at the floor). Finally, use a pry tool to carefully loosen the remaining screws until they pop out of their holes. Clean the panes thoroughly after they are taken out.
Second step: Clean the new glass
Use a dry paper towel or cloth to remove any dirt from the glass. If debris is stuck under the glass, try cleaning it with a spray bottle filled with water and rubbing alcohol.
Third Step: Reinstall new glass
Then, attach the window panes back into the frames. Use a screwdriver to push the outermost edge of your pane down. Gently push your pane back into its opening. Next, insert the next pane by pressing it against the first pane. Continue inserting the panes until the entire window is assembled. You can seal the gap between the panes with a silicone caulk gun.
Fourth Step: Repair the affected area
To determine if additional repairs are necessary, inspect the area surrounding the hole before installing the glass. Inspect the area around the window for cracks near the corners. If so, add two small pieces wood to each side. These wooden blocks will give strength to the window and act as spacers between the glass and the weatherproofing material.
Fifth step: Seal the repaired area
After the glass has had to be replaced, apply silicone caulking at the perimeter edges. This will create a seal between the glass frame and the wallboard. Silicone caulking is available at hardware stores as well as online. Be sure to choose a color that matches the existing paint on the walls.
Let the caulking dry overnight. Do not disturb the caulking until it has hardened completely. You may crack the caulking by not waiting long enough.