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REAL ESTATE Real Estate Functions

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REI

New Contributor
Oct 2, 2007
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I am in the process of structuring a real estate investment company. I wanted to know if the process of buying, renting, and selling properties can be broken down into the following functions:

************************************************
Real Estate Functions
************************************************
1. Acquisition
2. Development/Renovation
3. Management
4. Maintenance
5. Disposition

Since all of the functions require some financial transactions, should finances be a separate function or does it fall under management?

So, management will look like the following:

Management
A. Property
B. Finances

I know that I will be hands on in the Acquisition, Disposition, and financial aspects. The plan is to outsource the other functions.
 

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SteveO

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Jul 24, 2007
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Maintenance should fall under management as well.
 

phlgirl

Bronze Contributor
Read Millionaire Fastlane
Aug 29, 2007
813
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Philadelphia
I see our REI company as having the following key functions:
  • Purchasing
  • Construction/Rehab
  • Property Management
  • Sales
  • Advertising/Marketing
  • Finance
  • Legal
One person may be responsible for multiple functions.
 

Jorge

Bronze Contributor
Oct 5, 2007
583
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Mendoza, Argentina
I think this thread could go in a nice direction about REI managment, how the others REI on the forum categorize their companies?

REI I'll get you out of parking ;)
 

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