This chapter focuses on organizing and managing an office and ties together much of the material you have previously learned into practical application. You will gain insight into what it will take for success in your own property management office.

1. Assume you are going to open a management office with yourself and one clerical/ computer support person. Estimate what you would consider to be all expenses to open your office.

2. Based on the question above, what would you estimate to be the monthly fixed expenses for this office?