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Essay / Research Paper Abstract
A 10 page business plan for a new property management company in St. Louis, Missouri. The outlook for property management services in the St. Louis area remains strong for the foreseeable future. The area has a strong rental market weighted toward the region that Coleman Property Management seeks to occupy in terms of monthly rents. It also has need for a greater number of property management companies not directly associated with a specific real estate agent. Bibliography lists 5 sources.
Page Count:
10 pages (~225 words per page)
File: CC6_KSbusPlPropMgt.rtf
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Unformatted sample text from the term paper:
Coleman Property Management is start-up company providing residential property management services to the St. Louis, Missouri, area. The company will provide property management services for any rental property but
prefers residential property renting for more than median rent for the area. The business is a proven one, one that has been documented for years as being successful -
or at least carrying the potential for success. As with any other business, the proof of success is in the bottom line. Management of the business and of
targeting appropriate customer segments can prove to be the defining point of success or failure. We believe we have the management and marketing capabilities are necessary for success in
the St. Louis area. The St. Louis Market There are 1,092,915 housing units in St. Louis, 743,512 of which are detached single-family houses.
There are 266,783 units contained in buildings holding between 2 and more than 50 units (DP-1, 2001), and many of the detached single-family homes are used as rental property.
St. Louis also had more than 46,000 mobile homes in active use in 2000 (DP-1, 2001). It is clear that there is more than enough business in the
St. Louis area for a new property management business to find success. Coleman Property Management will target the higher end of the rental
market, for three reasons: * Property managers are paid a percentage of the rent they collect, and properties commanding only very low rents provide far less income for the property
manager than does management of a higher-rent property. * Those favoring low-rent properties tend to be more mobile and create greater turnover along with the need to find a greater
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