October 2011
Beginner
442 pages
11h 49m
English
book
Wealth Opportunities in Commercial Real Estate: Management, Financing, and Marketing of Investment Properties
by Gary Grabel
Content preview from Wealth Opportunities in Commercial Real Estate: Management, Financing, and Marketing of Investment Properties
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Rehab Project: Communication, Communication, Communication
Similar to the dynamics of a ground-up construction project, the success or failure of a rehabilitation project often turns on the developer's ability to communicate with the various parties involved. Usually, communication is even more important and difficult in a rehab project because additional parties are involved. It is common in a rehabilitation project to keep part of the project open for business. Therefore, the developer, in addition to the normal coordination with the general contractor, the architect, the surveyor, various subcontractors, and so on must also be concerned with tenants and guests. In a construction project, there are always safety concerns, but the concerns are amplified to the extent existing tenants and their patrons are involved.
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