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Choose and explain your Property Management Plan based on one of the following scenarios. Scenario #1 owner: Sarah. Sarah owns a 100-unit apartment building that
Choose and explain your Property Management Plan based on one of the following scenarios. Scenario #1 owner: Sarah. Sarah owns a 100-unit apartment building that her grandfather built in Los Angeles shortly after WWII ended in 1945. Many soldiers returning from the war lived in the building including Sarah's father and mother. Sarah's parents managed the building, and she lived there all her life, making friends with the other families that lived there. Sarah made friends with many movie stars who lived in the building as they were beginning their careers. Sarah loves the building; she feels a loyalty and connection to the property. Her goal as owner is to take the best care of the building and tenants as possible. As property manager what type of plan would you propose to Sarah? Scenario #2 owner: Briana. Briana is a serious real estate investor and owns a 100-unit apartment building that her grandfather built in Los Angeles shortly after WWII ended in 1945. Many soldiers returning from the war lived in the building, including Briana's mother and father. After Briana's mother and father divorced, she and her mother moved to New York while her father stayed in Los Angeles and managed the building. He has recently passed away after living in the building for many years. Briana's goal as owner is to maximize the concept of "highest and best use" of the building for the benefit of her six children and two grandchildren. As property manager what type of plan would you propose to Briana
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