Vertical Leases and Management Ratios
'Thought I might cover a few random concepts that are of interest to me and sort of fun to re-study …. a bit more fun than reading about the economy....
Mercy...
Vertical Leases.
A lease doesn’t need be only on the use of the earth’s surface. We can also lease land that extends from the center of the earth skyward. Donald Trump has made some successful sky space leases you may have read about.
It is possible for one party to own surface rights, another company to perhaps own oil and gas, or mineral rights below the land, and an entirely different party to own the air rights
A few railroads have leased surface and air rights above their downtown tracks (underground) or otherwise, for the purpose of constructing high-rise office buildings...
A few railroads have leased surface and air rights above their downtown tracks (underground) or otherwise, for the purpose of constructing high-rise office buildings...
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Management-Unit Ratios
In apartment management, a working rule of thumb is that an on-site manager can effectively manage 50 or 60 units by himself.
From about 60 to 100 or so units the manger needs a helper.
100-150 Units: In properties over 100 units one will generally find a husband-wife team and a helper—perhaps a fulltime custodian.
200 Units. Typically would have an onsite husband-wife team plus two fulltime assistants, hiring another full-time helper for each additional 50 or so apartments.
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The Porch weblog and all contents herein are © 2009 Mike Ballif. All rights reserved.
The Porch weblog and all contents herein are © 2009 Mike Ballif. All rights reserved.
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