List the various local areas impacts that can affect property and LP performance -
answer✔✔Physical location, physical building, curb appeal, gov, education, neighborhood,
access, employment, utilities, climate and medical access
the four typical reasons for utilizing a marketing plane include what areas - answer✔✔critical
need- new property, repositioning- adding new things, problem-solving- budget, sustaining-
review
describe the difference between a marketing objective and a marketing strategy -
answer✔✔marketing objections identify specific goals and define the metrics that will be used to
measure wether the goals have been successfully achieved. marketing strategies- identify the
steps needed to achieve marketing objections
what is achieved with market segmentation - answer✔✔reducing the target market to smaller,
more defined sub-markets
list the factors that affect and help to identify target markets - answer✔✔location, physical
characteristic, unit size, layout ,gov, social, price, economic, demographic characteristics
list four components of a market analysis - answer✔✔regional analysis, neighborhood analysis,
property analysis, competitor analysis
define market rent - answer✔✔rental rate quoted to the public and calculated either manually or
by automated revenue
define effective rent - answer✔✔rental rates reduced by incentives or con applied
define concessions - answer✔✔typically a rated discount applied to market rent
define unit mix - answer✔✔itemized listing of all units at a community, sorted by unit type,
configuration, square footage for each type
define rent schedule - answer✔✔current unit mix reflection the current market rate multiplied to
reflect total market rent for the property
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Brightstars. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.