A. The Company
Castillo’s Quality Rentals (“CQR”) is a new business owned by John Castillo and Elda Castillo for reasons of buying and providing quality rentals for the average consumer. CQR provides rental home in San Antonio, Texas housing market by providing clean, well-cared, quality rental homes to qualified tenants. The tenants are well screened to ensure the long term investment of the home is taken care of. CQR believes in providing great rental homes for great customers who are in need of a home.
B. Market Strategy
The strategy is to target middle class consumers who are unqualifiable to purchase a home and newly military personnel who are new to the area. The target tenant is young, under the age of 30 and is likely to have some
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CQR is jointly owned by John and Elda Castillo, husband and wife. John and Elda Castillo, the owners of CQR have been fascinated in finding a means to supplement their income. John’s grandfather had recently left him with approximately $25,000 in inheritance and they decided to use this money to purchase and manage investment income properties. John has obtained his Bachelor Degree in Management and Elda has attended several continuing education classes at their local community college. They decided to apply the inheritance as a down payment on a house to begin their business. The 1,400 SF house is located in the Alamo Ranch neighborhood, which is a fast growing community. The house needs of some cosmetic updates to bring the property to current rental market standards and is primarily contains of new carpet, paint, and laminate …show more content…
On a monthly basis he will replace air filters, inspect the grounds, and make notes of the complete physical condition of the property. The tenant will have sufficient time to remedy the notice and will be fined daily until the issue has been resolved. John will drive by the property frequently for visual inspections of the property and will be readily available in the event the tenant has any repair needs.
Objectives and Goals
CQR objectives are:
• Provide exceptional customer service
• Obtain twenty rental properties over the period of ten years
• Find and select the best qualified tenants for the long term success of the business
CQR main goal is to supplement their income enough to live off of the just the income from the rental properties. If the average income from one rental property is $200 per property and twenty properties produces $4000 a month of income for John and Elda. With $4000 a month being generated each month, John and Elda will be able to live
El Paso has formed The El Paso Affordable Housing CUSO. According to “Affordable Housing Is CUSO Goal,” this program provides “affordable mortgages to low- and moderate-income” (1). The program has students of a local community college build homes so that they can be sold below market price, making home buying easier and cheaper. The involvement of local college students is also another way El Paso gives job opportunities to its young people. There are, however, a series of classes and requirements to qualify for these homes. In addition, El Paso will be remodeling public housing
Cruickshank, Garth& Romano is a startup company, formed by Richard, Chris and Wayne to provide industrial, residential and commercial evaluations, and also consulting services and feasibility analyses in National Capital Region (NCR). Based on the experienced principals who enjoy good reputations, Cruickshank, Garth& Romano is aimed at providing high quality service as NCR’s top four firms which dominate the commercial appraisal market in NCR, but they tend to do business with the owners of smaller properties. Recently, because of the economic regression, to get sufficient revenue, the principals have realized that getting new larger developers is crucial to
Managing unrealistic tenant expectations is an unavoidable challenge that every property management teams will eventually face. The reality is that community managers, leasing staff and office personnel are human, and are subject to the same time and space constraints that tenants and other mortals face. While you cannot expect to always agree with a resident’s point of view, it’s important to at least consider the opposing lens.
These two gentleman have bee in the mortage and radio business for more than ten years now and work hard to build a positive relationship with clients, partnerships that extend past the purchase of the home. In addition, they remain commited
Herein will begin with an overview and introduction from personal knowledge of DixieLands Glory, LLC; a small family owned and operated business for the purpose of owning and managing rental properties. The company was initially operated as Warf’s Rentals; in 2003 the business was renamed and incorporated to become DixieLands Glory, LLC. The business is operated from a small office located in the family’s home, which is located in Linden, Tennessee. DixieLands Glory owns, operate, and manage approximately eighty-five rental units ranging from single-family homes to 4-plexes and mobile home parks. The properties that the company owns are mostly located in the states of Tennessee and Alabama. Of this, about 50 percent are located in the family’s hometown of Linden, Tennessee, with the remainder being located in two other Tennessee counties, and Decatur, Alabama.
MAINTENANCE: All requests by the Lessee for a non-emergency maintenance service by the landlord must be in writing and provide authorization for the landlord to enter the residence.
with 67,000 square feet of rentable space. The building was rented to lawyers, accountants, and small
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With ________ as a target market strategy, the firm concentrates on serving many needs of a particular customer group.
I Write to you in regards of a a Unsatisfactory experience with one of you subsidiary companies Lame Lemon Luxury Rentals.
On behalf of David Bailey, there have been individuals looking into the property located at 795 Atlantic Avenue. As an investor, Bailey is interested in making an offer on the property however he is trying to make his offer look more attractive than the competitors. With thorough research, he has found ways that would improve the building and in turn generate a larger yearly cash flow while still being able to improve the building. Bailey was also considering converting the current office space building into condominium units but that was strictly dependent on the revenue that could be generated from doing so.
Financially, the community is on an upward slope. There are no signs of abandonment and the roads are paved. The residents are primarily Hispanic, Asian, and Caucasian. There are
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BACS anticipates that a majority of our clients will be building owners and property management firms contracting on behalf of building owners. BACS expects that the business’ client base will consist of commercial, industrial, and residential clientele. However, we anticipate that its secondary client base will come from the residential arena (homeowners). As time progresses, BACS may engage more complicated industrial and high-end commercial and industrial installations. The first group to be targeted is the owners of homes that are 12-15 years old and the second group is those that frequent the home improvement and construction supply stores.