Working in a Real Estate Investment Firm

Abstract: A 35 page paper in two parts. The first section discusses internal operation of the investment firm in terms of management principles, including the value of workplace diversity, creativity and innovation. The second part addresses the specific conditions of rental property management in New York City. Conditions in the housing market in the city are such that there is an extreme shortage of affordable apartments in safe areas. Rent stabilization laws prevent landlords from charging rents that allow them more than minimal return on their investment yet allow a substantial increase when an apartment is turned over to a new tenant, with the result that responsible landlords with long-standing tenants are penalized while others are able to extract rents above market value in problem areas. Revision of current laws and attitudes is unlikely; the paper concludes that corporate creativity provides a means of effecting change within the law. Bibliography lists 20 sources.

Filename: KSrealEstInv.wps

Pages: 35

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Catagory: Business Management & Management Theory

Subcatagory: Business - Management

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