REM 300 Lecture 12: FINALEXAMTREVIEWREM300 not including chapters 15/17/18 *refer to powerpoint on D2L

• School: Ryerson University
• Department: Real Estate Management
• Course: REM 300
• Professor: David Scofield

Document Summary

Rem300 - introducion to real estate management: final summary sheet. Property management is the administrative operation and maintenance of property, according to the objectives of ownership. This course will focus on the idea of how property managers require additional knowledge of marketing and leasing techniques; and property finance; basic property valuation and personal and corporate taxation rules. Pm is required to take a longer-range view. Pm should be able to work in a wide-range of services all that will maximize the property owner"s benefit overtime. Pm is basically a financial advisor specializing in property investments. Real estate brokerage is usually involved in property management because of rental activities. There are 5 methods used in budgeting: annual net operating come (noi), monthly noi, annual cash flow budget, monthly cash flow budgets and capital reserve budget. Required to protect both: the building structure and activities surrounding the general management of that building.