Real Estate Functions

[REI]

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.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[SteveO]

Maintenance should fall under management as well.

 

[phlgirl]

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]

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

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[REI]

Jorge, thanks!

 

[REI]

bump!