Mai Property Management Business Plan - 5877 Words

Mai Property Management Business Plan Mai Property Management Business Plan Bachelors Capstone Final Project Mai Thor MT 499-03: Bachelors Capstone in Management Ernest Norris Mai Property Management Business Plan Table of Contents Section 1: Executive Summary on Mai Property Management 3 Section 2: Code of Conduct 7 Section 3: Operations 11 Section 4: Marketing Plan 14 Section 5: Information Technology 19 Section 6: Financial Plan 22 Section 7: Management Summary 23 References 26 Appendix 27 Executive Summary Business Description At Mai Property Management Company is to provide full gross services on managing multi-family apartments for apartment owners. By providing these services to apartment owners who†¦show more content†¦Location of desire is the county of Los Angeles. The estimated population in the city of Los Angeles is 4 million people (WPR), and this is not the only location Mai Property Management is targeting, but also the surrounding areas of Los Angeles that consist of additional 12 million people in these locations of the target. Products and Services The services provided by Mai Property Management is full gross service on managing the property. In other words, the company will manage inventory by purchasing inventory through warehouses or third party vendors. Also, having 24 customer service call center for both Landlord and Tenants to contact the office during business hours or after hours will be essential for both. Competitive Advantage The advantage of hiring property Management Company is to reduce the owner s responsibility. Property Manager is responsible for filling vacancies, screening tenants, responding to maintenance requests, collecting rents and any other duties about the rentals. Also, property managers have their roster of vendors to help maintain an owner s rental or respond to tenant s problems. While these vendors might not be the least expensive on the market and will help eliminate the risk of being cheated or overcharged. Another is property managers takes the time to advertise the rental, show it, and take the proper steps to filling the unit for the owners. Marketing Strategy In the marketing strategy plan at Mai