Practice of Property Management- Real Estate
Council of Alberta
Terms in this set (113)
1. Single Family Residential
2. Multi Family Residential: Low High, Mid Rise High Rise,
Row Housing
Types of Properties
3. Cooperative
4. Condominium
5. Commercial
1. Individual Investors
2. Sole Proprietorship
3. Partnership
Forms of Ownership 4. Limited Partnership
5. Syndication
6. Commercial
7. Government
1. Professional Fee Management Company
Types of Property 2.Asset Management
Management Operations 3. In-House Management
4. Self- Management
The Role of the Property To provide professional management in order to assist
Manager the landlord in reaching his or her objectives
1. Duplexes
2. Fourplexes
Types of Residential
3. Townhouses
Property
4. Low-rise/Garden Apartments
5. High-rise apartments
, Retirement Homes for Seniors
Personal Care Homes
Student Housing
Special Residential Projects Public Housing
Mobile Home or Trailer Parks
Remote Area Corporate Housing
Mixed Use Properties
1. The Property was owner's residence which was kept for
rental purposes
2. The property was purchased by the owner as a
revenue producing investment
3. The property was purchased in a good market as a
Reasons Individual Owners future retirement home
Lease Property 4. The property was inherited as part of an estate and
the owner may wish to lease it while waiting for an
improved market to sell it or keep it for his or her own
retirement
5. The owner was transferred to another city ,but wishes
to retain the house and re-occupy it upon return
1. What is the market rent of the property.
2. Which type of tenant is most appropriate for the
Factors for Individual property
Owners to consider 3. What is the duration of the tenancy
4. Will the residence be leased, unfurnished, partially
furnished or fully furnished
Management of Board of Directors is responsible for the control,
Condominium management and administration of the complex.
Council of Alberta
Terms in this set (113)
1. Single Family Residential
2. Multi Family Residential: Low High, Mid Rise High Rise,
Row Housing
Types of Properties
3. Cooperative
4. Condominium
5. Commercial
1. Individual Investors
2. Sole Proprietorship
3. Partnership
Forms of Ownership 4. Limited Partnership
5. Syndication
6. Commercial
7. Government
1. Professional Fee Management Company
Types of Property 2.Asset Management
Management Operations 3. In-House Management
4. Self- Management
The Role of the Property To provide professional management in order to assist
Manager the landlord in reaching his or her objectives
1. Duplexes
2. Fourplexes
Types of Residential
3. Townhouses
Property
4. Low-rise/Garden Apartments
5. High-rise apartments
, Retirement Homes for Seniors
Personal Care Homes
Student Housing
Special Residential Projects Public Housing
Mobile Home or Trailer Parks
Remote Area Corporate Housing
Mixed Use Properties
1. The Property was owner's residence which was kept for
rental purposes
2. The property was purchased by the owner as a
revenue producing investment
3. The property was purchased in a good market as a
Reasons Individual Owners future retirement home
Lease Property 4. The property was inherited as part of an estate and
the owner may wish to lease it while waiting for an
improved market to sell it or keep it for his or her own
retirement
5. The owner was transferred to another city ,but wishes
to retain the house and re-occupy it upon return
1. What is the market rent of the property.
2. Which type of tenant is most appropriate for the
Factors for Individual property
Owners to consider 3. What is the duration of the tenancy
4. Will the residence be leased, unfurnished, partially
furnished or fully furnished
Management of Board of Directors is responsible for the control,
Condominium management and administration of the complex.
