The property manager is responsible for these new properties: 14A Glebe Ave, $320 per week 12 Duncan Rd, $440 per week 160 Abbot Dve, $480 per week A). Calculate the transactions for each property and provide an annual total. Note: * means the charge on average once a year B) As part of the agency's business and financial planning, the directors have set a property management team KPI of increasing revenue by 10% over the next 12 months. Fill out the table under part B taking into account once off fees and calculating 100 management, 124 and 148 managements. Ideas for you to think about 1.The company doesn't calculate once of leasing fees in the KPI's is a mistake you have picked up. Add that revenue to the table below at a rate of 20% are new leases and 80% are renewed leases a year 2.What about the four new managements a month. What revenue would come in if that happened 3.Name 3 ways you could promote yourself to grow the number of managements What are three strategies could the team use to achieve this financial KPI? Refer to the fees charged above and the property examples provided in the table in your response. Think about marketing ideas such as call developers and other ideas to promote and grow the business Notes: The attached calculations table below has an example below A. The management fee is the rent x 52 weeks divided by 12 times 5% management fee The admin fee is a flat $12 every month The other fees with an * is charged on average once a year was a management decision The annual fee is the monthly management and admin fees x 12 plus the other fees marked * once a year  

Transcribed Image Text:

A. Calculate the following based on the properties: Charges on average once a year * 14A Glebe Ave, $320 per week 12 Duncan Rd, $440 per week 160 Abbot Dr, $480 per week Monthly Management fee of 5% 832 Monthly admin fee of $12 per month 144 Landlord Lease preparation fee $50* 50 New lease fee equivalent to two weeks rent* 640 Renew a lease fee equivalent to one weeks rent* 320 Total revenue per annum 1986 A. Calculate the following based on the properties: Charges on average once a year * 14A Glebe Ave, $320 per week 12 Duncan Rd, $440 per week 160 Abbot Dr, $480 per week Monthly Management fee of 5% 832 Monthly admin fee of $12 per month 144 Landlord Lease preparation fee $50* 50 New lease fee equivalent to two weeks rent* 640 Renew a lease fee equivalent to one weeks rent* 320 Total revenue per annum 1986

Answer rating: 100% (QA)

A Calculations for Existing Properties Property Weekly Rent Monthly Management Fee Annual Management Fee Monthly Admin Fee Annual Admin Fee Landlord L... View the full answer