Quote:
Originally Posted by GammaZeta
Yeah, I mean do we really need to have a full staff, 401k, health plans, etc., while we could just hire a property management company for this?
Here is the description: Duties include budgeting; lease preparation, distribution, and collection; coordination of contractors and repairs; management of remote employees; capital planning and facility assessment; rent collection; damage assessments; and all other requirements for successful operation of assigned properties.
Basically, being a landlord. Why not hire a company for that? There are dozens that do this type of work successfully. It may save LXA quite a bit of money. Just a suggestion.
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As PiLambda1 said LCAP. That is what LCAP is, its the property management company for the fraternity. They own and opperate 12 properties. They took over houses that alumni house boards couldn't handle or tmaintain, and some new properties like USouthCarolina. Some properties make money, and some lose money like the U of Michigan where the chapter can't fill the house, but don't sell it because of influential alums like Spasky. But that property is considered a money pit. Thats what I've heard from ELCs.
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