Student housing business plan sample
Our bank account numbers will be made available on our website and promotional materials.
The cost for office remodeling construction of racks and shelves — R7, The student segment needs a quiet safe atmosphere that fosters a quality learning environment.
These rentals will be provided with unmatched levels of customer service and attention.
Property investment business plan sample
Most professionals are on their way to home ownership or movement to a larger city, so they need housing that will let them feel like they are getting the quality that they need. Future projects may include custom build outs. After seven years with [name omitted], Shawn had risen up to Vice President of Operations. Maintaining open communication between MSN and its customers in order to ensure the highest level of customer satisfaction and long lasting reputation within the community. Have a crime rate of 0. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams. We are hard workers who have a solid backing from our developers. Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry. Start-up assets required include short-term assets truck, cell phone, etc. This is achieved through the solid network of contractors, and cutting edge architects who are all dedicated to helping MSN. Housing units will predominantly be located in the University neighborhood targeting both students and professionals. All the papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.
Global economic downturn usually affects spending power and the real estate industry is known to encounter decline in sales and profits during this period. Weakness: As a newbie in the student accommodation rental line of business, we might have some challenges competing with big time realtors and other student accommodation rental companies that have been in the industry for many years; that perhaps is part of our weakness.
Tenant safety, happiness, and comfort are our main goals. Another possible competitive strategy for winning our competitors in this particular industry is to build a robust clientele base and ensure that our student apartments are trendy.
The layout of our publications and advertisements will have a sophisticated and contemporary look without being overly formatted. Our marketing and advertising costs will be low due to simple marketing strategies.
Business plan template
Local professionals are another large segment. This course of action will be initially pursued as a way to efficiently utilize capital and establish a reputation within the community. These students will be the most likely to desire the technological amenities that our company offers. We are set to take the student accommodation rental industry by storm which is why we have made provisions for effective publicity and advertisement of our company. One thing is certain for every student accommodation rental company; if they are hardworking, creative and proactive, they will always generate enough income to meet all their overhead and operational costs, keep their business going without struggle and make reasonable profits from their business deals. Please note that the above projection might be lower and at the same time it might be higher since some factors are beyond our control. We are coming into the student accommodation rental industry with a business concept that will enable us work with local and international students who are interested in renting student apartments at an affordable price. Below are the sources we intend exploring to generate income for R.
These segments are also easily reached through local newspapers and publications, as well frequent open house displays. The last segment is faculty and staff of the University. This segment is especially attractive since most of the local rental properties that are geared toward students are run down, poor quality units.
Financing student accommodation
The first property purchased by the company is a unit apartment building on the corner of Hilyard and 14th in Eugene. Our Target Market As a student accommodation rental company, our target market cuts across students of different classes and cultures. In Year 2 the company will purchase its second facility. Unlike many other realty companies that are solely concerned with turning profits, our primary objective at MSN is to maintain the highest level of customer satisfaction that is achievable. Since we are not directly in control of the pricing system in the real estate industry, we can only abide by what is obtainable when it comes to fixing a price for our accommodations. MSN maintains competitive market prices, while working toward expanding the number of units owned, and increasing total profits earned. We have been able to critically examine the student accommodation rental line of business, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.
It is relatively close to the University, so will be easily rented to capacity nine months out of the year. The professional segment needs a living environment that separates them from the noisy, dirty inconvenience of average apartment living.
Following school, Shawn went to work for one of the largest property management companies in the area. It is essential for MSN patrons to understand that their needs are our priority. Also, we have a team of experts that have cut their teeth in the real estate industry cum student accommodation line of business. The cost for equipping the office computers, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al — R15, Other start-up expenses including stationery and phone and utility deposits R2, Once the properties are purchased, each unit will be hard wired with Internet access, state-of-the-art amenities will be installed, and safety measures will be implemented ensuring a cutting edge, safe environment. These will give the customer a general outline of our units and will explain the benefits of our units. Start-up assets required include short-term assets truck, cell phone, etc.
based on 81 review