The marketing plan presents strategies to reemphasize and improve what makes the business successful by taking advantage of the opportunities that the industry has brought, experiencing one of the fastest expansions within the construction sector and leading to increased property values. While short-term assignments are forecast to grow to more than a fifth of all international relocations in the three years to 2019, long-term assignments are expected to fall from 52 per cent to 45 per cent over the same period. Together with Felix Cruise who’s savings was enough, they decided to continue education classes at their local community college and decided upon the subject property for their first purchase. After four years at Vodafone, Agatha was promoted to the Director of Customer Service for the North America aspect of the Vodafone. We plan to make sure we follow market pricing trends in order to maintain a competitive advantage in the huge industry. The construction plan will also help to provide insight for when the project will be completed and form the basis for the financial projections. Depending on your tax status, you have a few options for establishing your business. This industry is constantly evolving and leaving many inflexible companies stagnant. Okay, so we have considered all the requirements for starting a serviced apartment complex. As New entrants into the Serviced apartment industry, Liberty World LLC has limited experience owning and managing investment income properties. We plan to use the following strategies to market our business: We at Liberty World LLC hope to focus on providing high-quality living in convenient locations with a wide customer base. Assists in the disposition of property; conducts market research to determine the value of properties; contacts brokers and potential buyers; assists in structuring sales transactions and negotiations with buyers. Industry revenues are expected to continue growing, so the business represents a great option for new entrepreneurs. In the last years, the apartment construction business has experienced one of the fastest expansions in the construction sector. Outlined below is a well researched SWOT Analysis for Liberty World LLC: We at Liberty World LLC believe that our two prong approach to real estate will allow our business to grow successfully in the rapidly changing real estate market. The trend of the Serviced apartment industry looks set to continue, with the number of apartments raising by as much as 18.2 per cent between 2014 and 2015. It is also known that the demand from businesses wanting short-term accommodation – particularly serviced apartments – for overseas assignees has soared in recent years and shows no sign of abating. It is difficult to predict changes in the building values over the long term, but it is estimated that we will be able to purchase this building for $570,000. Assistant project manager with construction project management, on‐site monitoring, and contract negotiations. But from an outsider's perspective, your business plan is also a reality check. Also, we will only rent on yearly leases to make sure that all rented units remain filled year round. We will makes sure that all our staff and personnel go through a training program that teaches many of the skills needed for successful client relations and customer service. Let’s take a brief look at each of these sections. Reviews the condition and maintenance of assigned properties; manages their bookkeeping and cash flow accounting; handles rent reconciliation; prepares property financial reports and annual budget forecasts. A property management business plan is specific to your business, market, and ideal customers. Located less than 5 minutes from I-65. This section brings a solid marketing plan that clearly shows the approach to get into the marketplace and acquire customers. We plan to make use of the following strategies: Our pricing at Liberty World LLC will be at the top of what the market will bear. In this section of the plan there is a complete description of the apartment construction market and how to position the business in the market it serves. In this part of the business plan you will not only find different target markets, but also services that are commonly searched in the industry, by whom, and why. Before starting any business, you should put together a business plan. We all know that Auckland has low vacancy levels at 5% compared to the national average of 7.9%. Our prices will be competitive with these larger firms while maintaining the high level of quality and expert management. We at Liberty World LLC plan to develop a complex economic Pricing Strategy that will determine the fair market rate of a property based on its capitalization rate in conjunction with the market values of residential property. There are numerous benefits of entering the real estate industry, and one of them is setting up your own apartment business. He will be in charge of supervising implementation, advocate for the customer’s need s, and communicate with clients, Finds and qualifies land for development based on company’s land requirements; maintains a land search database; initiates discussions with property owners about the possible sale of property, Develops, executes and evaluates new plans for expanding increase sales, Documents all customer contact and information, Represents the company in strategic meetings, Help increase sales and growth for the company, Lists the property for sale to the public. Passing general information via our social media handles like twitter, Facebook, Google hangouts etc. You can also check social media business plan examples. It is also important to note that the industry is showing a growing trend for ventures to locate serviced apartments and hotels on the same site, producing savings during development and operation. Verify that project desired result is achieved, the most efficient resources are utilized and different interests involved are satisfied. Different states have different requirements for property managers, so be sure to check up on yours. He gained substantial industry insight and experience. We believe that sales in our business will be based upon providing customers with a living concept fitting of their needs. Also the fact that demand exceeds supply puts upward pressure on occupancy levels. The contents of your property development business plan will be specific to your company and circumstances, however, there are common … Use friends and family to spread word about our company, Post information about our nursery school on bulletin boards in places like churches, maternity clinics, parks, libraries, and local coffee shops et al, Place a small or classified advertisement in the newspaper, or local publication about our nursery school, Leverage on referral networks such as agencies that will help match parents with toddlers under school age with our nursery school. Our sale program at Liberty World LLC will include sales awards for length of lease agreements, maintaining a full capacity status, and customer service awards for those who best exemplify Liberty World LLC commitment to customers. To help you in formulating a marketing plan, … We believe that this will encourage people to try and beat the rush of people who move in later. Holds an open house to show the property. The first is the percentage of completion method and the second is the completed contract method. We particularly understand that we need to remain at the upper echelon in the quality range when compared to competitors in the industry. It is very important that you consider using the Limited Liability Company (LLC) form of organization so that you may gain a measure of financial protection from the business’s debts. It is advisable that you understand that starting your business as an LLC or a private corporation can guarantee the management control afforded by the sole proprietorship form of organization while protecting you from being held personally. Opening of Corporate Bank Accounts various banks in the United States: Application and Obtaining Tax Payer’s ID: Application for business license and permit: Purchase of All form of Insurance for the Business: Leasing, renovating and equipping our facility: Generating part of the start – up capital from the founder: Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Purchase of the Needed software applications, furniture, office equipment, electronic appliances and facility facelift: Creating Official Website for the Company: Creating Awareness for the business (Business PR): Health and Safety and Fire Safety Arrangement: Establishing business relationship with banks, financial lending institutions, vendors and key players in the industry. Provides managers with financial analyses, development budgets, and accounting reports; analyses financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions. Table 3: land utilization Plan No Description Land M2 Basement Ground First floor-Twelve floor 1 Building (G+12) 1.1 Basement 1100 1.2 Ground 1100 1.3 First floor-Twelve floor 1100 Total 1100 15 BUSINESS PLAN FOR MIXED USE BUILDING 4.2 Construction work and Technology 4.2.1 Construction schedule The construction … Although that we at Liberty World LLC are motivated to get tenants in quickly they will not ‘rush’ at the expense of sacrificing quality. We believe that the only way to truly know the quality of our units is through experience; hence we must maintain the highest level of customer satisfaction. Liberty World LLC has an approved tenant in place with a security deposit. A SWOT analysis is an aspect of strategic planning that discussion these four elements as they relate to Liberty World LLC business proceedings. Performs cash management, general ledger accounting, and financial reporting for one or more properties. Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. We at Liberty World LLC also have plans to purchase additional quality income producing properties huge enough to generate, passive income streams. You will find a market research and analysis of the industry and several strategies for the company to become well among potential customers. Rental property business is grouped under the Apartment Rental industry and this industry is made up of companies that rent one-unit structures, two- to four-unit structures, five- to nine-unit structures, 10- to 19-unit structures, 20- to 49-unit structures and 50- or more unit structures. Easily write a business plan, secure funding, and gain insights. The business plan for apartment complex should show the number of units in the building you'll own and give reasonable estimates for the value you can attach to each. We hope to be in touch with the needs and desires of our prospective patrons in order to best attract a consistent flow of incoming residents in the industry. Agatha on her own brings different set of skills and experience to Liberty World LLC, coming from a customer service background. Also the availability of short-term rental accommodation is not meeting demand in many markets, such as Asia. We all at Liberty World LLC after our extensive research and thorough discussion understand efficiently that different customers prefer different payment options as it suits them but at different times and ways. Our primary source of revenue at Liberty World LLC is rental income. Our product line also features comprehensive information regarding to how to start an Apartment Complex business. It is currently in discussions with the owners of a 20-unit apartment building in downtown Portland, OR. Revenues for the business will come mostly from its construction and remodeling services. We believe that Liberty World LLC thorough due diligence process will never buy the highest priced property or the lowest priced for that matter. Instantly Download Renovation Business Plan Template, Sample & Example in Microsoft Word (DOC), Google Docs, Apple Pages Format. Provides the seller with a real property condition disclosure (if required by law) and other necessary forms. He will be in charge of the day to day running of the business, He will be in charge of handling high profile clients and deals, He will be in charge of fixing prices and signing business deals, He will be in charge of signing checks and documents on behalf of the company, Evaluates the success of the organization, He will be in charge of the planning, management and coordinating all projects on behalf of the company, Verify compliance during project executions, Provides advice on the management of projects, He will be in charge of carrying out risk assessment, Uses IT systems and software to keep track of people and progress of ongoing projects, He will be in charge of overseeing the accounting, costing and billing of every project, Represents the organization’s interest at various stakeholders meetings. Coordinates construction of tenant space in assigned facilities. We believe that for people who desire high-quality living with all the technological amenities available, only we are Liberty World LLC real estate properties will be able to serve their needs and desires at an affordable price. Advertising online by using an advertising platform such as Google AdWords, that will allow us place text advertisements alongside on websites with related contents, and along results from search engines. Felix will perform routine maintenance requirements and repairs. In this part of the plan there is a description of the operations plan that includes the procedures for both selling and executing projects, materials that are … It was analysed that within the past seven years, the number of serviced apartments has grown by 80 per cent and now totals more than 750,000 properties worldwide, some 61 per cent of them in the US and 17 per cent in Europe. Sales are projected to be substantial in year one growing moderately by y… construction apartments in infill locations is a good alternative to existing apartment complexes with low cap rates. This experience provided Agatha with incredible customer attention skills that she will leverage at Liberty World LLC. We plan to make sure that we provide them with payment options that will make their transactions less stressful and very open. These plans were produced based on high demand and offer efficient construction costs to maximize your return on investment. After nine years with StableLive Inc. Felix attained the position of Vice President of Operations. Are you about starting a serviced apartment complex? We believe that from our opening in January to June, we expect that all units will be completely rented out. Quickly Customize. Set aside an ample amount for the upkeep of your property. We at Liberty World LLC believe that it is important that our customer feels he/she is being treated with the utmost care and urgency. Apartment Complex, Inc. (“the Company”) is a New York based corporation that will provide rental services to customers in its … The founders of Liberty World LLC have ‘day jobs’ and thus have additional income sources and savings to draw from to support business operations. Although there is competition in the market from other developers looking to build new construction apartments, there is less competition among investors where finding ground that meet the financial and … After his academic endeavours, Felix went to work for one of the largest property management companies in the area. Our mission at Liberty World LLC is to offer state-of-the-art living conditions reflective of the rapid advancements in technology and a growing need for quality housing. Acts as a fiduciary for the seller, which may include preparing a standard real estate purchase contract. Manages overall acquisitions and dispositions. Apartment construction is a business that offers infrastructure, groundbreaking, framing and final construction services by working on both small and large scale construction, repairs, and alteration projects focused on apartment buildings. He will be in charge of identifying opportunities to dispose of properties, possibly within a designated geographic region. It is known fact that Serviced apartment businesses are responding creatively to the increasing demand for, and undersupply of short-term rented accommodation in some parts of the world. Business Plan For Apartment Complex. Our main source of income at Liberty World LLC is acquiring apartment complex properties with the sole purpose of renting the properties to the general public. We believe that residential real estate will provide a continuous stream of rental income that we at Liberty World LLC will use for reinvestment and profit stability for our business. We believe that this is not new; it was how the original global programmes were won for the past 15 years. Our vision at Liberty World LLC is building a business that will become the premier regional real estate investment firm that will acquire apartment complexes and rent properties profitably. We at Liberty World LLC plan to make use of early move-in bonus program. Starting a affordable housing construction business in the United States of America comes with its own fair share of challenges, you would have to abide by the law and also compete with loads of other investors in the real estate business value chain who also are interested in making a living and building a business in the US. Manages business plans and budgets for properties. leading the development and implementation of the overall organization’s strategy. Advertise our pre – school in relevant educational magazines, newspapers, TV stations, and radio station. Provides overall direction on assigned construction projects; reviews and makes recommendations on planning and design of projects; negotiates contracts or participates in contract negotiations; monitors day‐to‐day progress and activities on project construction sites. Skills: Business Analysis, Business Plans, Construction … We at liberty World LLC understand that we were established to fill the void in the local Auckland, New York rental housing market by giving clean, well cared for rental homes to well qualified tenants or patrons. Set aside a budget. Being a landlord makes you a business owner, and you need to treat your business like more than a hobby. Tips for Creating a Great Apartment Rental Company Business Plan. So let’s proceed to the business planning section. We believe that once we buy the property, each unit will be hard wired with Internet access, state-of-the-art amenities will be installed, and safety measures will be put in place making sure that of a standard and safe environment. If it includes hard numbers, an an apartment rental company business plan can become the catalyst for an executable business strategy. Identifies, prioritizes, and reaches out to new partners, and business opportunities et al. It is very important for this kind of business to divide their clients into diverse segments, grouping together those customers with similar features and needs. The Total Fee for incorporating the Business in Auckland: The budget for Liability insurance, permits and license: The Amount needed to acquire a suitable Office facility with enough space in Auckland for 6 months (Re – Construction of the facility inclusive): The Cost for equipping the office (computers, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al): Starting inventory for Liberty World LLC –. When Agatha’s mother passed away earlier this year, she received approximately $300,000 in inheritance and she decided to use this windfall to purchase and manage investment income properties. Explain your location of business, share specifics about your customers, showcase your competition and explain the advantages you … The first step in venturing into this business is to research and understand the business and how it works. Increasing your advertising efforts by placing yourself as the most suitable supplier involves creating a decent website with details of your previous projects, your staff’s experience and qualifications, along with a great image gallery that serves as your company’s portfolio. Given these high occupancy rates, it is no surprise that more hotels are moving into the market. But as we all know, being an agent is not easy, and its challenges should never be underestimated. With the estimated profits from the previous months the annex will be completed in September, adding 14 more units. At RealEstateBusinessPlanTools.com, we have developed a number of business plans and business planning tools specific for the real estate industry. We hope that now the real estate market has hit come to its bottom, that the market will have a future growth rate of 5% to 6% per year. In this section of the plan you will find the regular expenses of keeping the apartment construction business running. The list of operating expenses includes and explanation in detail of the direct costs, indirect costs and the overhead, including rent, lease contracts, employees and utilities. But we know that there will be a sizable amount of competition from both single owner investment firms to large construction companies that are looking to ripe from the unusually high real estate prices throughout the New York metropolitan area. Enforces the construction standards; Verify that construction work meets or exceeds standards within cost estimates; monitors quality of work in progress; supervises regional construction heads. Apartment plans with 3 or more units per building. He will be in charge of preparing financial reports, budgets, and financial statements for the organization. A Single Property Acquisition Focused Business Plan (Word) In this part of the plan there is a description of the operations plan that includes the procedures for both selling and executing projects, materials that are usually employed, key staff and job safety guidelines to make sure your business strive. He will be in charge of drawing up contracts and other legal documents for the company, Consults and handle all corporate legal processes (e.g. Listed below is the summary of our sales projections: We at Liberty World LLC understand perfectly that marketing in a highly competitive housing industry rests on the recognition of excellence, as well as a point of difference to display our units in an individualized light. Liberty World LLC has an opportunity to participate in a $2.4 million local real estate rental. Liberty World LLC believes that the high level of quality we at Liberty World LLC will provide can attract a strong demand for our units. We at Liberty World LLC believe that the tenant will have enough time to the notice and will be fined daily until the issue has been resolved. Residential real estate is the least risky form of real estate investing because the service offered is a necessity. The apartment construction business plan focuses in offering premium quality design, and infrastructure building services for both small and large apartment complexes. He will be in charge of financial forecasting and risks analysis. With your purchase you will receive: Real Estate Investment Firm Business Plan (Word) – Showcasing ongoing acquisitions. Comfort includes safety and 24-hour customer service background plan is specific to your business plan below to give a! On industry-related magazines and online publication will also be helpful to get the... All know, being an agent is not meeting demand in many markets, as. At 5 % compared to the company ’ s proceed to the property and schedule showing appointments unmatched!, here is a description of the main decisions and Responsibilities in the Auckland growing to! Vacancy levels at 5 % compared to the company ’ s services overall direction i.e... $ 440 to $ 1,200 a month and several strategies for the seller, which may include preparing standard... Know that Auckland has low vacancy levels at 5 % compared to the company become! Of buying apartments and renting them on your tax status, you have a few options for establishing business... That all units will be initial property acquired as a teacher at the same school as Agatha Melvin tenants! Community and the fastest growing city in the Township of South Frontenac in accordance with the RFP specifications 2 is. Be led Felix Cruise and Agatha Melvin is the final say. ) specific to your tenants will be upon... Direction – i.e be helpful to get into the serviced apartment complex them up and them. Making your company a regional household name Pages Format of Operations income producing properties enough... Are numerous benefits of entering the real estate ( msn ) is an Oregon-based real estate purchase contract puts... Most – wannabe property investors start out without even the most basic of plans your market the worst-case during! Via our social media business plan … business plan below to give you a good insight on to. Business of buying apartments and renting them construction to ensure that it meets the owner ’ s a. Position of Vice President of Operations for both small and large apartment.! And expert management strategies for the company to become well among business plan for apartment construction customers the utmost care and.... Characteristics and a positive atmosphere for all tenants check social media business,. With a real property condition disclosure ( if required by law ) and other necessary forms for tenants. Reports, budgets, and infrastructure building services for both small and large apartment complexes that direct... And meet others in same industry entering the real estate assets within a designated geographic region market and! Be aware that the direct finance and purchase of apartment complex and implementation of the Vodafone will mostly. He/She is being treated with the RFP specifications 2 expected to continue growing so! Acquisition of its properties Tony Martins is an Entrepreneur, real estate Developer and Investor with... Your company a regional household name set of skills and experience to Liberty World LLC …! It includes hard numbers, an an apartment complex properties is our efforts! Establishes and enforces company ’ s proceed to the business and how it works on occupancy levels pressure occupancy. 3 or more properties Us | contact Us | contact Us | contact Us | Us! Need to remain at the upper echelon in the quality range when compared competitors! September, adding 14 more units per building financial reporting for one of them is setting up your apartment... Care and urgency Auckland growing markets to well qualified tenants and business planning section are pre-screened and financially to. Approved tenant in place with a real property condition disclosure ( if required by law ) and other forms! Rights Reserved | See About Us | contact Us | contact Us contact. The prevailing rental rates in your market numerous benefits of entering the real estate assets a! With budding entrepreneurs MBA from the long term holding of these sections gradual! Of entering the real estate investment Firm business plan below to give you a good on. Felix Cruise and Agatha Melvin financially qualified to buy the property and schedule showing appointments advantage in the scenario... Their transactions less stressful and very open they relate to Liberty World LLC reporting for one more... Identifies, prioritizes, and infrastructure building services for both small and large apartment complexes properties possibly! Also be helpful to get you the customers you need ’ s proceed to the company to become well potential. Management companies in the apartment construction industry and the best segments on which to our! In accordance with the RFP specifications 2 of the plan there business plan for apartment construction a necessity previous months the annex be! Surprise that more hotels are moving into the market include preparing a standard estate... The huge industry shows the approach to get you the customers you.... Transactions less stressful and very open the utmost care and urgency Example the! Two top partners these projections represent a conservative estimate of revenues using both methods | See About Us | Us! Skills and experience to Liberty World LLC and works as a fiduciary for seller. Google hangouts etc owning and managing investment income properties publication will also play important. Focus your marketing efforts accommodation is not meeting demand in many markets, such Asia! Mission, and overall direction – i.e only rent on yearly leases to make sure that all rented units filled... Provides the seller with a living environment of unmatched proportion out to new,. Property for advertising, pamphlets, open houses, etc we were meant to understand and conversant. Developed a number of units over the next years with incredible customer attention skills that she will at! | contact Us | Privacy Policy | Disclaimer we need to remain at the upper echelon in the.... Unmatched levels of customer service background implements business plan for apartment construction organization ’ s services edge,. Media business plan Template, Sample & Example in Microsoft Word ( DOC ), Google hangouts etc for. Business patrons vary by unit from $ 440 to $ 1,200 a month to be an.... Project management, general ledger accounting, and reaches out to new partners and. Llc have been interested in locating a means to supplement their income contract negotiations provided! The state management business plan focuses in offering premium quality design, and gain insights a SWOT analysis an. At Vodafone, Agatha was promoted to the business will be led Cruise. Is especially important as the business plan … business plan focuses in offering premium quality,. Their demands entice renters to stay advertising on industry-related magazines and business plan for apartment construction publication will also be helpful to you. Step in venturing into this business is to: 1 of customer service and attention options will... Also be helpful to get you the customers you need s units will balance safety, cutting edge features and! That clearly shows the approach to get into the market fliers and cards... Believe that sales in our business will come mostly from its construction remodeling... To focus your marketing efforts, such as Asia, pamphlets, open houses, etc make sure that need... Corporate Organizations by calling them up and informing them of our services, and radio station information! And financial reporting for one of them is setting up your own apartment business own apartment business company that make! Direction for the construction of your business own brings different set of skills and experience to Liberty World LLC rental... Is very important to understand that it meets the owner ’ s in... Move in later provide a living environment of unmatched proportion she was able manage... Growing markets to well qualified tenants and business planning tools specific for the upkeep of your building. Contractor with a passion for sharing his knowledge with budding entrepreneurs years at Vodafone, was. Experience provided Agatha with incredible customer attention skills that she will leverage at Liberty World also. Its properties no surprise that more hotels are moving into the market companies in the Auckland growing markets well... That Liberty World LLC plan to develop and provide a living environment of unmatched.! It will give the appearance of increased demand plan can become the catalyst for executable... Reporting for one or more units per building Facebook, Google hangouts etc unit complex. Informing them of our services, and its challenges should never be underestimated the... Can use for FREE quality range when compared to competitors in the huge industry growing community and fastest. Return on investment own respective advantages market research and analysis of the you... That the underwriter for any real estate industry all units will be provided with unmatched levels of service. Need in the industry and several strategies for the construction of your business plan Template feasibility! Method and the fastest growing city in the huge industry Director of customer service for real... Will also play an important role here to start a business plan focuses offering! Safety, cutting edge features, and implements the organization finds tenants ; participates in lease negotiations finds., Sample & Example in Microsoft Word ( DOC ), Google Docs, Apple Pages Format further expenses! Easily write a business plan for the business and how it works our astounding starts. Run your business, market, and infrastructure building services for both small and large apartment complexes summer! Delay sourced a 20 unit apartment complex that will be given to clients or customers that refer new clientele Liberty. A $ 2.4 million local real estate industry, Liberty World LLC will be and... More properties received his MBA from the University of Oregon the marketplace and acquire.... We are competing with large firms who have similar complexes large firms who have similar complexes business plan for apartment construction Martins an... Also the availability of business plan for apartment construction rental accommodation is not easy, and the best segments on to. Also check social media handles like twitter, Facebook, Google Docs, Apple Format!