Can property and real estate managers help me develop property?
Yes. Property and real estate managers who work for homebuilders, real estate developers, and land development companies acquire land and plan construction of shopping centers, houses, apartments, office buildings, or industrial parks. They negotiate with representatives of local governments, other businesses, community and public interest groups, and public utilities to eliminate obstacles to the development of land and to gain support for a planned project. It sometimes takes years to win approval for a project and, in the process, managers may have to modify plans for the project many times. Once cleared to proceed with a project, managers may help to negotiate short-term loans to finance the construction of the project, and later negotiate long-term permanent mortgage loans. They then help to choose, assist, and advise the architectural firms that draw up detailed plans and the construction companies that build the project. Resourcefulness and creativity in arranging financing are
Related Questions
- Generally speaking, what is the primary goal that property owners – and therefore their real estate managers -- strive to achieve?
- Can you describe the management agreement that formalizes the relationship between real estate managers and property owners?
- Can property and real estate managers help me develop property?
