Some of your budget items are not realistic.

You will spend more than $100 a month on

groceries, and probably more than $250 on a car payment.
Grade is 90.

Property Manager

Standards: (1) Develop career awareness; (2) Identify abilities and skills associated with various
careers; (3) Identify academic skills needed invarious careers; (4) Apply academic skills in work

situations.

Correlations: Career awareness, math, English, critical thinking

Obey the Lease
As a property manager, you may oversee apartments, shopping malls, officecomplexes, public housing, or

health care facilities. You will collect rents, seethat tenants obey their lease, investigate and solve

tenants problems, and show space to prospective tenants. You will also hire security, janitorial, and

trash removal services; purchase supplies and equipment; contract withroofers, plumbers, and

carpenters; and hire, train, and fire staff. In thespaces below, list specific skills and knowledge that

will help you becomesuccessful as a property manager.

1.___________________________ 4._________________________ 2.
Accounting Good Memory
___________________________ 5._________________________ 3.
Money management Social skills
___________________________ 6._________________________
Basic Management Negotations

1
 Youll Love These Apartments!

Imagine that you have been hired as the property manager for Sandy Acres

Apartments and that you are looking for new tenants. Design an attractive

4 x 6 newspaper advertisement that will entice people to rent the

apartments. If you have access to a computer, create the advertisement on

your computer. If you dont have access to a computer, handwrite your

advertisement in the space on page 4.

Here are a few features of the apartment complex:

Features of the apartment complex

New building 1, 2, or 3 bedrooms

Tennis courts Near major highways

Swimming pool Pets welcome

Weight room $850 to $1325 per month

Nearby park Snow removal in winter

Utilities included Manager on site at all times

Garbage pick up Wireless community

Elevators Good school district

Lake view Scheduled social events

2
 Youll Love These Apartments! (Continued)

Now its time to write the ad. These guidelines will help you get started:

1. Write a headline in large letters at the top of the advertisement.

Capitalize the first letter of each word, except for prepositions

and conjunctions. An example might be: Beautiful Apartments

Convenient to Major Highways

2. From the list of features, choose a few you think will appeal to

people who might read the ad. Dont list all the features, just those

you think are most important.

pool
_______________________
Gym _____________________

_______________________
pets allowed _____________________
Clean

3. Write a few selling words that will motivate renters to want to

live in the apartments.

_Are state of the arch building is customizied to fill you and your family's needs.

The complex consist of a new gym where we have advanced machines and basic equipment.

We have a summer time pool and a heated indoor poor.

All of are complexs have are clean and are pets friendly.

_____Are state of the art buildings are customizied to .ll you and your family's needs. The co

__________________________________________________

__________________________________________________

__________________________________________________
 Youll Love These Apartments! (Continued)

4. Place the headline, the features you chose, and the selling words

within the box on the next page.

5. Add clip art or draw an illustration to encourage potential tenants

to read the ad.

6. Leave plenty of white space around the words and in the margins so

the ad will be easy to read. If you are designing by computer, try a

variety of fonts before deciding on the most attractive one.

Paying the Bills

4
 Paying the Bills

Property managers are paid in one of two ways, either a straight salary or a

commission. Assume you are paid a commission of 15% of the annual rent for each

apartment you fill in one apartment complex.

1. If you fill the following apartments at the monthly rates shown, what will your

total commission be for one year on these apartments only?

Unit 72, one bedroom $ 890

Unit 89, one bedroom on water $1020

Unit 115, two bedrooms on water $1200

Unit 121, three bedrooms $1325 Total $7983

2. What will your annual income be if you bring in the following rental

revenues in one year?

$120,000 ________$18,000____________

$185,000 ________$27,750_____________

$210,000 ________$31,000____________

$275,000 ________$41,250_______

3. If 18 units come available for rent in one year at an average rental of

$1,150 a month, how much can you earn in one year if you rent all the

units? ______ $248400_______________

5
 Paycheck Reality

The middle income for property managers is $39,000. That means half of

property managers earn less and half earn more. Standard categories for living

needs are shown in Column 1. Add other categories needed for your personal

situation, for example, child care. In column 2, show the amount of money you

would need each month for each category. Calculate your annual expenditures.

Rent $600
Electric and heat $200
All telephones $60
Groceries $100
Eating Out $50
Car Payment $250
Gasoline $100
Entertainment $100
Personal Needs (cosmetics, hair cuts, etc.) $50
Income Taxes (Approximately 25% of salary) $812.50
Savings $927.5

Miscellaneous
Total Monthly Budget $3250

Monthly expenses __$_2268.5__________ x 12 = Annual expenses______$_22,470______

How does a property managers salary fit the lifestyle you desire for yourself?

_____________Well i dont really want to be a property manager or anything to do with this._

______________________________________________________________
6