The Controllers Corner: Property Management Allocation MethodsKevin Kelso
The document discusses different methods for allocating overhead costs, such as property and liability insurance, across properties in a real estate portfolio. It provides examples of allocating insurance costs equally among properties, based on square footage of properties, and specifically by the square footage of individual units. The key points are that overhead costs need to be properly allocated and documented according to accounting standards, and the methodology used can impact reported profitability of individual properties.
Commercial valuation of property is the prime requirement for investments. Real estate values depend on many elements, such as the present cost of the land, taxation on the lad, the depreciation rates, and others. It is essential that a feasibility analysis be conducted first before the land is invested into. Given this context this report basically attempts to do a feasibility analysis for a property using the Estate Master Feasibility analysis tool. A number of inputs are given based on a case scenario for property. The report attempts to evaluate and critically discusses the real world scenario presented by the Estate master for each of these sets of inputs. A feasibility analysis based on commercial valuation methodology is carried out first, followed by a valuation of the site as is. The residual value is calculated here. The report then calculates the project returns based on the residual values using the Estate Master and in the second part of the report, sensitivity and risks analysis are covered.
This document summarizes the key assumptions for underwriting an office building located in a major northeastern city. The building is a Class A trophy property near a convention center and retail. Revenue assumptions include market rent growth and absorption of vacant suites. Operating expenses include non-reimbursable costs and a capital expenditure plan covering items like elevators, parking, roof, and HVAC over a 10-year hold period. Real estate taxes are paid in arrears semi-annually and may increase substantially if purchased above the current assessed value. Outstanding due diligence items include confirming the capital expenditure and vacancy assumptions given the local office market conditions.
Why Income Property In Long Beach California ShortBill Stayart
The document discusses the benefits of investing in income property in Long Beach, California. It outlines 10 reasons to invest in Long Beach real estate, including its large port and university. It then provides rental rates and market values for properties in Long Beach over time, showing appreciation. Sample investment properties are described that have increased in value from hundreds of thousands to over a million dollars over several years through appreciation and improvements like adding units. The document advocates that income property is a better long-term investment than a single-family home due to steady rental income and greater potential appreciation.
Chapter 10 ASSETS NATURAL RESOURCES AND INTANGIBLE ASSETS.pptJemalSeid25
This document provides an overview and learning objectives for Chapter 10 of a financial accounting textbook. The chapter covers accounting for plant assets, natural resources, and intangible assets. It discusses determining the cost of plant assets, different depreciation methods including straight-line and units-of-activity, accounting for expenditures on assets during their useful lives, disposal of assets, depletion of natural resources, and reporting of these asset types.
The document discusses various methods for valuing income-producing properties, including the sales comparison approach, income approach using direct capitalization and discounted cash flow analysis, and the cost approach. It provides details on key valuation concepts like highest and best use analysis, mortgage equity capitalization, and how capitalization rates are impacted by market conditions of supply and demand. The conclusion emphasizes that the three main approaches - sales, income, and cost - should be considered based on available data quality and that appraisals provide estimates of value given current market information.
Commercial Real Estate Financial AnalysisRod Medallon
The document discusses analyzing value-added commercial real estate investments from both a debt and equity perspective. Value is increased by raising revenue through improving occupancy, lease rates, and tenant quality or lowering expenses. Key metrics for evaluating deals include increasing cash-on-cash returns, debt service coverage ratios, and gross profits to account for risk and time to complete improvements. Exit strategies like refinancing or sale require analyzing stabilized income and market conditions.
Assignment 2 Property Development Finance 17704.pdfLiz Adams
This report analyzes the financial feasibility of a proposed mixed-use development project called The Bay Residences located in Double Bay, NSW. It evaluates using senior bank debt financing with a 70% loan-to-value ratio. The report uses discounted cash flow modeling to calculate the project's net present value and internal rate of return, finding an IRR of 22.886% which exceeds the developer's target return of 20%. Sensitivity and scenario analysis show the project is exposed to economic variables like interest rates and market growth. Given its analysis, the report recommends the financing method is favorable for the developer's return but suggests renegotiating the interest rate to improve profits further.
The Controllers Corner: Property Management Allocation MethodsKevin Kelso
The document discusses different methods for allocating overhead costs, such as property and liability insurance, across properties in a real estate portfolio. It provides examples of allocating insurance costs equally among properties, based on square footage of properties, and specifically by the square footage of individual units. The key points are that overhead costs need to be properly allocated and documented according to accounting standards, and the methodology used can impact reported profitability of individual properties.
Commercial valuation of property is the prime requirement for investments. Real estate values depend on many elements, such as the present cost of the land, taxation on the lad, the depreciation rates, and others. It is essential that a feasibility analysis be conducted first before the land is invested into. Given this context this report basically attempts to do a feasibility analysis for a property using the Estate Master Feasibility analysis tool. A number of inputs are given based on a case scenario for property. The report attempts to evaluate and critically discusses the real world scenario presented by the Estate master for each of these sets of inputs. A feasibility analysis based on commercial valuation methodology is carried out first, followed by a valuation of the site as is. The residual value is calculated here. The report then calculates the project returns based on the residual values using the Estate Master and in the second part of the report, sensitivity and risks analysis are covered.
This document summarizes the key assumptions for underwriting an office building located in a major northeastern city. The building is a Class A trophy property near a convention center and retail. Revenue assumptions include market rent growth and absorption of vacant suites. Operating expenses include non-reimbursable costs and a capital expenditure plan covering items like elevators, parking, roof, and HVAC over a 10-year hold period. Real estate taxes are paid in arrears semi-annually and may increase substantially if purchased above the current assessed value. Outstanding due diligence items include confirming the capital expenditure and vacancy assumptions given the local office market conditions.
Why Income Property In Long Beach California ShortBill Stayart
The document discusses the benefits of investing in income property in Long Beach, California. It outlines 10 reasons to invest in Long Beach real estate, including its large port and university. It then provides rental rates and market values for properties in Long Beach over time, showing appreciation. Sample investment properties are described that have increased in value from hundreds of thousands to over a million dollars over several years through appreciation and improvements like adding units. The document advocates that income property is a better long-term investment than a single-family home due to steady rental income and greater potential appreciation.
Chapter 10 ASSETS NATURAL RESOURCES AND INTANGIBLE ASSETS.pptJemalSeid25
This document provides an overview and learning objectives for Chapter 10 of a financial accounting textbook. The chapter covers accounting for plant assets, natural resources, and intangible assets. It discusses determining the cost of plant assets, different depreciation methods including straight-line and units-of-activity, accounting for expenditures on assets during their useful lives, disposal of assets, depletion of natural resources, and reporting of these asset types.
The document discusses various methods for valuing income-producing properties, including the sales comparison approach, income approach using direct capitalization and discounted cash flow analysis, and the cost approach. It provides details on key valuation concepts like highest and best use analysis, mortgage equity capitalization, and how capitalization rates are impacted by market conditions of supply and demand. The conclusion emphasizes that the three main approaches - sales, income, and cost - should be considered based on available data quality and that appraisals provide estimates of value given current market information.
Commercial Real Estate Financial AnalysisRod Medallon
The document discusses analyzing value-added commercial real estate investments from both a debt and equity perspective. Value is increased by raising revenue through improving occupancy, lease rates, and tenant quality or lowering expenses. Key metrics for evaluating deals include increasing cash-on-cash returns, debt service coverage ratios, and gross profits to account for risk and time to complete improvements. Exit strategies like refinancing or sale require analyzing stabilized income and market conditions.
Assignment 2 Property Development Finance 17704.pdfLiz Adams
This report analyzes the financial feasibility of a proposed mixed-use development project called The Bay Residences located in Double Bay, NSW. It evaluates using senior bank debt financing with a 70% loan-to-value ratio. The report uses discounted cash flow modeling to calculate the project's net present value and internal rate of return, finding an IRR of 22.886% which exceeds the developer's target return of 20%. Sensitivity and scenario analysis show the project is exposed to economic variables like interest rates and market growth. Given its analysis, the report recommends the financing method is favorable for the developer's return but suggests renegotiating the interest rate to improve profits further.
A white paper documenting a nine-month test by Archstone, a leading multifamily operator. The test evaluated multifamily revenue management using The Rainmaker Group’s LRO (“LRO”) lease rent optimization system and professional prospect guest card creation utilizing Level One’s Central Leasing Office. Results of the study showed that Archstone’s communities that used Level One’s call center and automated lease rate optimization from LRO generated 1.5% more revenue than test communities relying on self-management of inbound phone call leads.
The document outlines a proposed $6.3 million construction project to build a 51-room hotel in Ham Lake, Minnesota. It will require $2.52 million in cash equity (40% of costs) and $3.78 million in debt financing. An additional $150,000 is needed for pre-construction costs. The project is expected to generate a net operating income within 5 years based on conservative projections. It will also subdivide the 3.4 acre site and sell 1.3 acres for a restaurant to provide additional funds.
The document discusses the concepts of cost versus value and the real estate appraisal process. It provides definitions of key terms like appraisal, cost, and market value. It also outlines the different types of appraisals used like the Uniform Residential Appraisal Report and Small Residential Income Report. Finally, it discusses important appraisal concepts like the three C's and D's of comparable properties, highest and best use, and the three approaches to value.
This document outlines the cost management plan for a project. It defines responsibilities for managing and reporting project costs, how costs will be measured and tracked against budget using earned value management, thresholds for cost variances, and the process for developing corrective action plans to address cost overruns. Key aspects of the plan include tracking costs at the fourth level of the work breakdown structure, measuring performance with metrics like schedule and cost performance indexes, requiring corrective action if the SPI or CPI is outside of 0.8-1.2, and obtaining sponsor approval for changes that impact the project budget.
Measuring banking output and productivityashoksmile143
This document analyzes methods for measuring banking output and productivity using a user cost approach. It summarizes an approach developed by Hancock that classifies financial products as inputs or outputs based on the sign of their user cost. The document applies this approach to Luxembourg banking data from 1994 to 2002. Key results include classifying loans and deposits as sometimes inputs and sometimes outputs, with government securities usually being inputs and fixed income securities often being outputs. Tornqvist indices of output and productivity are constructed and show a decline in productivity growth during the economic peak of 2001, followed by a recovery in 2002.
Renting vs Buying Home (22)NameSample StudentDateJune 3, 201922R.docxcarlt4
Renting vs Buying Home (22)Name:Sample StudentDate:June 3, 201922Renting vs. Buying HousingPurpose: To compare the cost of renting or buying your place of residence.Financial Planning Activities: Obtain estimates for comparable housing units for the data requested below.Suggested Websites:www.homefair.comwww.newbuyer.com/homesfinance.move.comwww.dinkytown.netSuggested App:RealtorRental CostsAnnual rent payments(monthly rent$0.00× 12 )$0.00Renter's insurance$0.00(personalinsure.about.com/cs/renters/a/aa102102a.htm)Interest lost on security deposit:Security deposit$0.00timesafter-tax savings interest rate0.00%$0.00Total annual cost of renting-----------------------------------------------------------------------------------------$0.00Buying CostsAnnual mortgage payments (compute):Mortgage amount$0.00Term of mortgage0.00years (with monthly payments)Interest rate0.00%$0.00Property taxes (annual costs)$0.00Homeowner's insurance (annual premium)$0.00Estimated maintenance and repairs (1% of home value)$0.00After-tax interest lost because of down payment/closing costs:Total down payment and closing costs$0.00x After-tax savings interest rate0.00%$0.00Less: financial benefits of home ownershipGrowth in equity-$0.00Tax savings for mortgage interest-$0.00(annual mortgage interest times marginal tax rate)Tax savings for property taxes-$0.00(annual property taxes times marginal tax rate)Estimated annual appreciation (1.5% of original price)**-$0.00** This is a nationwide average; actual appreciation of property will vary by geographic area and economic conditions.Total annual cost of buying---------------------------------------------------------------$0.00Is It Better to Buy or Rent?In this case, it is better to0The annual advantage to0=$0.00What's Next for Your Personal Financial Plan?* Determine if renting or buying is most appropriate for you at the current time.* List some circumstances or actions that might change your housing needs.
www.homefair.com
(personalinsure.about.com/cs/renters/a/aa102102a.htm)
(personalinsure.about.com/cs/renters/a/aa102102a.htm)
finance.move.com
www.dinkytown.net
www.newbuyer.com/homes
Housing Affordability (24)Name:Sample StudentDate:June 3, 201924Housing Affordability and Mortgage QualificationPurpose: To estimate the amount of affordable mortgage payment, mortgage amount, and home purchase price.Financial Planning Activities: Enter the amounts requested to estimate the amount of affordable mortgage payment, mortgage amount, and home purchase price.Suggested Websites:www.realestate.comhomeloanlearningcenter.commtgprofessor.comSuggested App:Mortgage CalculatorYour Personal Financial PlanDebt-to-Income RatiosMethod:Front-end ratio (28%)**Back-end ratio (36%)**Step 1Determine your monthly gross income (annual income divided by 12).Enter annual income:$48,000÷12 =$4,000.00$4,000.00Step 2With a down payment of at least 10 percent, lenders use 28 percent (fron.
Australian House Price Indices Review and Impact on RMBS Loss SeverityArthur Karabatsos
This document discusses Moody's use of house price data in analyzing Australian residential mortgage-backed securities. It notes that Moody's uses house price movements to adjust credit enhancement requirements, with house price appreciation lowering loss severity and requirements. However, the document also notes there is variation in how different data providers report house prices due to measuring heterogeneous housing assets with different methodologies and data sources. This can lead to confusion about the state of the housing market.
This document provides a detailed overview of the financial analysis and underwriting process for a typical real estate development project, and highlights important features such as Performance Metrics, Capitalization, Sources & Uses, Development Budget, Annual & Quarterly Cash Flows / Proforma, Monte Carlo Simulation, Waterfall Structure, and more.
The document discusses financing options for green home construction projects through the Sustainable Energy Trust (SET) Green Home Improvement Fund. It provides details on loan terms, including more favorable interest rates for projects that incorporate higher levels of energy efficiency or sell homes at more affordable price points. Projects must achieve a minimum 20% improvement in energy efficiency for rehab projects or 10% for new construction to qualify. The fund has $1 million available for primary lending and can provide up to 20% of additional project capital. The presentation solicits feedback on how the Commission could help support solar installation through builder programs.
Reduction in customer complaints - Mortgage IndustryPranov Mishra
The project aims at analysis of Customer Complaints/Inquiries received by a US based mortgage (loan) servicing company..
The goal of the project is building a predictive model using the identified significant
contributors and coming up with recommendations for changes which will lead to
1. Reducing Re-work
2. Reducing Operational Cost
3. Improve Customer Satisfaction
4. Improve company preparedness to respond to customer.
Three models were built - Logistic Regression, Random Forest and Gradient Boosting. It was seen that the accuracy, auc (Area under the curve), sensitivity and specificity improved drastically as the model complexity increased from simple to complex.
Logistic regression was not generalizing well to a non-linear data. So the model was suffering from both bias and variance. Random Forest is an ensemble technique in itself and helps with reducing variance to a great extent. Gradient Boosting, with its sequential learning ability, helps reduce the bias. The results from both random forest and gradient boosting did not differ by much. This is confirming the bias-variance trade-off concept which states that complex models will do well on non-linear data as the inflexible simple models will have high bias and can have high variance.
Additionally, a lift chart was built which gives a Cumulative lift of 133% in the first four deciles
Kiran Adtani is seeking a challenging opportunity in an organization where he can contribute 6.6 years of experience in finance and operations. He has worked at Accenture Credit Services since 2007, most recently as a senior analyst, where he performed tasks like commercial real estate tenant billing reconciliation, responding to tenant inquiries, auditing tenant billing, and setting up billing processes. He also has experience working with credit rating agencies and managing a team. Kiran holds a Bachelor's degree in Commerce and is proficient in various software programs like JD Edwards and Microsoft Office.
This document discusses cost behavior analysis. It begins by defining fixed and variable costs, explaining that variable costs change proportionally with activity level while fixed costs remain constant. Specific examples of variable and fixed costs are provided for different types of organizations. Mixed costs containing both fixed and variable components are introduced. The learning objectives are then outlined, including using scatter plots to diagnose cost behavior, analyzing mixed costs using the high-low method, and preparing income statements.
Managerial Accounting and Cost ConceptsChapter 2.docxinfantsuk
This document provides an overview of managerial accounting concepts related to classifying and assigning costs. It defines and provides examples of direct costs, indirect costs, manufacturing costs including direct materials, direct labor, and manufacturing overhead. It also discusses classifying costs for financial reporting purposes as product costs or period costs. Additionally, it covers classifying costs based on their behavior as variable, fixed, or mixed costs and analytical techniques for determining these classifications like scattergraph plots and the high-low method. The document concludes with a discussion of classifying costs for decision making, including differential, opportunity, and sunk costs.
A cost segregation study allows commercial property owners to accelerate depreciation deductions and reduce taxes by separating building costs into components with different recovery periods. Properties over $1 million constructed after 1986 are good candidates. The study identifies costs like equipment and land improvements that can be depreciated over 5-7 years instead of 39 years for buildings. Studies have saved property owners an average $15 in taxes for every $1 spent on the study.
The document discusses resource planning for a Hospital Management System project. It identifies the required human resources including project managers, business analysts, developers, administrators, testers, designers, writers, and support staff. It also covers the necessary software licenses and hardware infrastructure. The document then explains how earned value management can be used to calculate cost and schedule performance indexes to assess the project. It provides an example of calculating these indexes. Finally, it describes the project's change control process and different reporting procedures for costs, forecasts, exceptions, and baselines to keep stakeholders informed.
This document summarizes a study conducted to determine the economic value of preventive maintenance programs. The study analyzed preventive maintenance costs, repair costs, equipment replacement costs, equipment lifespan, and energy usage under different maintenance scenarios. The results showed that following industry benchmark preventive maintenance provided substantial returns, with an estimated portfolio-wide net present value of $2 billion and return on investment of 545% over 25 years from spending $39 million annually on preventive maintenance. The analysis demonstrated that preventive maintenance pays for itself and produces significant financial benefits by extending equipment lifespan and reducing long-term costs.
Part 11) You are providing a revie.docxkarlhennesey
Part 1
1) You are providing a review of contractor bids for a component of your upcoming project. What can be done to determine whether or not a vendor’s bid is reasonable?
To decide whether the vendor's bid is sensible I would check for the following steps:
• The bid ought to be in accordance with the project estimate cost and ought to comply with it
• The temporary worker presenting the bid ought to be genuine and have great reputation
• The bid ought to pursue all the legitimate prerequisites
• The bid ought to be legitimate for the project and should fulfill all of the segments
• The bid should also pursue every one of the terms and conditions referenced for the venture
2) Describe the conditions for which parametric, analogous and bottom up estimation techniques work best, and provide 2 examples in support of each method.
Parametric estimation: It is an estimation of cost, time or risk that is based on a calculation or algorithm. As the name suggests, parametric estimates are based on parameters that define the complexity, risk and costs of a program, project, service, process or activity.
E.g.
1. A moving company estimates the price of an office move using a base cost and variable cost based on the number of employees and distance. Unique complexities such as moving an air conditioning system is added as a separate cost. This base cost is multiplied by surcharges for moving to a multi-floor premise and working on a weekend.
2. The expense to construct a current shopping complex can be referred and we can add the resources to decrease the time dependent on past information and scientific estimations.
Analogous Estimation: This type of estimation depends on the past historical data as well as the performance of the project team
E.g.
1. In the event that an organization has undertaken advancement of an application and delivered it effectively, this can be utilized for estimation if similar application needs be created
2. For example, if it cost $7,100 to develop a website a few months ago and you are responsible for developing a new similar website, you estimate it to cost $7,100.
Bottom-up Estimation: This type of estimation can be done by breaking the entire project into modules and considering them individually.
E.g.
1. Individual managers must first create their own budgets, referencing past budgets and spending patterns while incorporating cost projections for the upcoming fiscal year. Upper-level managers and executives must then review all the budgets that managers submit, combining them to determine totals.
2.A project which requires high amount of detail and accuracy
3.Why is a cost management plan important? How does the plan benefit the project manager?
Cost management is the way toward assessing, allotting, and controlling the expenses in a project. It enables a business to anticipate coming costs so as to diminish its odds going over spending plan. It is one of the most important and essential part of the project ...
Taco's Concierge program provides comprehensive asset management services for the hospitality industry. It analyzes mechanical systems, energy usage, and building controls to identify opportunities to improve guest comfort, reduce operating costs, and increase property values. Services include engineering assessments, equipment upgrades, and control system modernizations. Case studies found projects increased annual net operating income by $10,000-41,000, raising property values by $166,000-683,000. The program aims to enhance the guest experience and property revenue through optimized equipment performance.
Question 1 Which one of the following is not an ownership right .docxIRESH3
Question 1
Which one of the following is not an ownership right of a stockholder in a corporation?
To share in assets upon liquidation.
To share in corporate earnings.
To declare dividends on the common stock.
To vote in the election of directors.
Question 2
A corporation has the following account balances: Common stock, $1 par value, $30,000; Paid-in Capital in Excess of Par Value, $1,350,000. Based on this information, the
average price per share issued is $4.60.
number of shares outstanding are 1,380,000.
number of shares issued are 30,000.
legal capital is $1,380,000.
Question 3
If stock is issued for a noncash asset, the asset should be recorded on the books of the corporation at
fair market value.
a nominal amount.
cost.
zero.
Question 4
Which of the following represents the largest number of common shares?
Outstanding shares
Treasury shares
Issued shares
Authorized shares
Question 5
A corporation purchases 20,000 shares of its own $20 par common stock for $35 per share, recording it at cost. What will be the effect on total stockholders' equity?
Increase by $400,000
Increase by $700,000
Decrease by $700,000
Decrease by $400,000
Question 6
The acquisition of treasury stock by a corporation
has no effect on total assets and total stockholders' equity.
requires that a gain or loss be recognized on the income statement.
increases its total assets and total stockholders' equity.
decreases its total assets and total stockholders' equity.
Question 7
Which of the following is not a right or preference associated with preferred stock?
First claim to dividends.
Preference to corporate assets in case of liquidation.
The right to vote.
To receive dividends in arrears before common stockholders receive dividends.
Question 8
If preferred stock is cumulative, the
preferred dividends not declared in a given year are called dividends in arrears.
preferred shareholders and the common shareholders receive equal dividends.
preferred shareholders and the common shareholders receive the same total dollar amount of dividends.
common shareholders will share in the preferred dividends.
Question 9
When common stock is issued for services or non-cash assets, cost should be
either the fair market value of the consideration given up or the consideration received, whichever is more clearly evident.
the book value of the common stock issued.
only the fair market value of the consideration given up.
only the fair market value of the consideration received.
Question 10
Common Stock Dividends Distributable is classified as a(n)
asset account.
stockholders' equity account.
expense account.
liability account.
Question 11
Indicate the respective effects of the declaration of a cash dividend on the following balance sheet sections:
Total Assets Total Liabilities Total Stockholders' Equity
Increase Decrease No change
Decrease No change Increase
No change Increase Decrease
Decrease Increase Decrease
Question 12
Which of the following show the proper effect of a s ...
06-20-2024-AI Camp Meetup-Unstructured Data and Vector DatabasesTimothy Spann
Tech Talk: Unstructured Data and Vector Databases
Speaker: Tim Spann (Zilliz)
Abstract: In this session, I will discuss the unstructured data and the world of vector databases, we will see how they different from traditional databases. In which cases you need one and in which you probably don’t. I will also go over Similarity Search, where do you get vectors from and an example of a Vector Database Architecture. Wrapping up with an overview of Milvus.
Introduction
Unstructured data, vector databases, traditional databases, similarity search
Vectors
Where, What, How, Why Vectors? We’ll cover a Vector Database Architecture
Introducing Milvus
What drives Milvus' Emergence as the most widely adopted vector database
Hi Unstructured Data Friends!
I hope this video had all the unstructured data processing, AI and Vector Database demo you needed for now. If not, there’s a ton more linked below.
My source code is available here
https://github.com/tspannhw/
Let me know in the comments if you liked what you saw, how I can improve and what should I show next? Thanks, hope to see you soon at a Meetup in Princeton, Philadelphia, New York City or here in the Youtube Matrix.
Get Milvused!
https://milvus.io/
Read my Newsletter every week!
https://github.com/tspannhw/FLiPStackWeekly/blob/main/141-10June2024.md
For more cool Unstructured Data, AI and Vector Database videos check out the Milvus vector database videos here
https://www.youtube.com/@MilvusVectorDatabase/videos
Unstructured Data Meetups -
https://www.meetup.com/unstructured-data-meetup-new-york/
https://lu.ma/calendar/manage/cal-VNT79trvj0jS8S7
https://www.meetup.com/pro/unstructureddata/
https://zilliz.com/community/unstructured-data-meetup
https://zilliz.com/event
Twitter/X: https://x.com/milvusio https://x.com/paasdev
LinkedIn: https://www.linkedin.com/company/zilliz/ https://www.linkedin.com/in/timothyspann/
GitHub: https://github.com/milvus-io/milvus https://github.com/tspannhw
Invitation to join Discord: https://discord.com/invite/FjCMmaJng6
Blogs: https://milvusio.medium.com/ https://www.opensourcevectordb.cloud/ https://medium.com/@tspann
https://www.meetup.com/unstructured-data-meetup-new-york/events/301383476/?slug=unstructured-data-meetup-new-york&eventId=301383476
https://www.aicamp.ai/event/eventdetails/W2024062014
A white paper documenting a nine-month test by Archstone, a leading multifamily operator. The test evaluated multifamily revenue management using The Rainmaker Group’s LRO (“LRO”) lease rent optimization system and professional prospect guest card creation utilizing Level One’s Central Leasing Office. Results of the study showed that Archstone’s communities that used Level One’s call center and automated lease rate optimization from LRO generated 1.5% more revenue than test communities relying on self-management of inbound phone call leads.
The document outlines a proposed $6.3 million construction project to build a 51-room hotel in Ham Lake, Minnesota. It will require $2.52 million in cash equity (40% of costs) and $3.78 million in debt financing. An additional $150,000 is needed for pre-construction costs. The project is expected to generate a net operating income within 5 years based on conservative projections. It will also subdivide the 3.4 acre site and sell 1.3 acres for a restaurant to provide additional funds.
The document discusses the concepts of cost versus value and the real estate appraisal process. It provides definitions of key terms like appraisal, cost, and market value. It also outlines the different types of appraisals used like the Uniform Residential Appraisal Report and Small Residential Income Report. Finally, it discusses important appraisal concepts like the three C's and D's of comparable properties, highest and best use, and the three approaches to value.
This document outlines the cost management plan for a project. It defines responsibilities for managing and reporting project costs, how costs will be measured and tracked against budget using earned value management, thresholds for cost variances, and the process for developing corrective action plans to address cost overruns. Key aspects of the plan include tracking costs at the fourth level of the work breakdown structure, measuring performance with metrics like schedule and cost performance indexes, requiring corrective action if the SPI or CPI is outside of 0.8-1.2, and obtaining sponsor approval for changes that impact the project budget.
Measuring banking output and productivityashoksmile143
This document analyzes methods for measuring banking output and productivity using a user cost approach. It summarizes an approach developed by Hancock that classifies financial products as inputs or outputs based on the sign of their user cost. The document applies this approach to Luxembourg banking data from 1994 to 2002. Key results include classifying loans and deposits as sometimes inputs and sometimes outputs, with government securities usually being inputs and fixed income securities often being outputs. Tornqvist indices of output and productivity are constructed and show a decline in productivity growth during the economic peak of 2001, followed by a recovery in 2002.
Renting vs Buying Home (22)NameSample StudentDateJune 3, 201922R.docxcarlt4
Renting vs Buying Home (22)Name:Sample StudentDate:June 3, 201922Renting vs. Buying HousingPurpose: To compare the cost of renting or buying your place of residence.Financial Planning Activities: Obtain estimates for comparable housing units for the data requested below.Suggested Websites:www.homefair.comwww.newbuyer.com/homesfinance.move.comwww.dinkytown.netSuggested App:RealtorRental CostsAnnual rent payments(monthly rent$0.00× 12 )$0.00Renter's insurance$0.00(personalinsure.about.com/cs/renters/a/aa102102a.htm)Interest lost on security deposit:Security deposit$0.00timesafter-tax savings interest rate0.00%$0.00Total annual cost of renting-----------------------------------------------------------------------------------------$0.00Buying CostsAnnual mortgage payments (compute):Mortgage amount$0.00Term of mortgage0.00years (with monthly payments)Interest rate0.00%$0.00Property taxes (annual costs)$0.00Homeowner's insurance (annual premium)$0.00Estimated maintenance and repairs (1% of home value)$0.00After-tax interest lost because of down payment/closing costs:Total down payment and closing costs$0.00x After-tax savings interest rate0.00%$0.00Less: financial benefits of home ownershipGrowth in equity-$0.00Tax savings for mortgage interest-$0.00(annual mortgage interest times marginal tax rate)Tax savings for property taxes-$0.00(annual property taxes times marginal tax rate)Estimated annual appreciation (1.5% of original price)**-$0.00** This is a nationwide average; actual appreciation of property will vary by geographic area and economic conditions.Total annual cost of buying---------------------------------------------------------------$0.00Is It Better to Buy or Rent?In this case, it is better to0The annual advantage to0=$0.00What's Next for Your Personal Financial Plan?* Determine if renting or buying is most appropriate for you at the current time.* List some circumstances or actions that might change your housing needs.
www.homefair.com
(personalinsure.about.com/cs/renters/a/aa102102a.htm)
(personalinsure.about.com/cs/renters/a/aa102102a.htm)
finance.move.com
www.dinkytown.net
www.newbuyer.com/homes
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Australian House Price Indices Review and Impact on RMBS Loss SeverityArthur Karabatsos
This document discusses Moody's use of house price data in analyzing Australian residential mortgage-backed securities. It notes that Moody's uses house price movements to adjust credit enhancement requirements, with house price appreciation lowering loss severity and requirements. However, the document also notes there is variation in how different data providers report house prices due to measuring heterogeneous housing assets with different methodologies and data sources. This can lead to confusion about the state of the housing market.
This document provides a detailed overview of the financial analysis and underwriting process for a typical real estate development project, and highlights important features such as Performance Metrics, Capitalization, Sources & Uses, Development Budget, Annual & Quarterly Cash Flows / Proforma, Monte Carlo Simulation, Waterfall Structure, and more.
The document discusses financing options for green home construction projects through the Sustainable Energy Trust (SET) Green Home Improvement Fund. It provides details on loan terms, including more favorable interest rates for projects that incorporate higher levels of energy efficiency or sell homes at more affordable price points. Projects must achieve a minimum 20% improvement in energy efficiency for rehab projects or 10% for new construction to qualify. The fund has $1 million available for primary lending and can provide up to 20% of additional project capital. The presentation solicits feedback on how the Commission could help support solar installation through builder programs.
Reduction in customer complaints - Mortgage IndustryPranov Mishra
The project aims at analysis of Customer Complaints/Inquiries received by a US based mortgage (loan) servicing company..
The goal of the project is building a predictive model using the identified significant
contributors and coming up with recommendations for changes which will lead to
1. Reducing Re-work
2. Reducing Operational Cost
3. Improve Customer Satisfaction
4. Improve company preparedness to respond to customer.
Three models were built - Logistic Regression, Random Forest and Gradient Boosting. It was seen that the accuracy, auc (Area under the curve), sensitivity and specificity improved drastically as the model complexity increased from simple to complex.
Logistic regression was not generalizing well to a non-linear data. So the model was suffering from both bias and variance. Random Forest is an ensemble technique in itself and helps with reducing variance to a great extent. Gradient Boosting, with its sequential learning ability, helps reduce the bias. The results from both random forest and gradient boosting did not differ by much. This is confirming the bias-variance trade-off concept which states that complex models will do well on non-linear data as the inflexible simple models will have high bias and can have high variance.
Additionally, a lift chart was built which gives a Cumulative lift of 133% in the first four deciles
Kiran Adtani is seeking a challenging opportunity in an organization where he can contribute 6.6 years of experience in finance and operations. He has worked at Accenture Credit Services since 2007, most recently as a senior analyst, where he performed tasks like commercial real estate tenant billing reconciliation, responding to tenant inquiries, auditing tenant billing, and setting up billing processes. He also has experience working with credit rating agencies and managing a team. Kiran holds a Bachelor's degree in Commerce and is proficient in various software programs like JD Edwards and Microsoft Office.
This document discusses cost behavior analysis. It begins by defining fixed and variable costs, explaining that variable costs change proportionally with activity level while fixed costs remain constant. Specific examples of variable and fixed costs are provided for different types of organizations. Mixed costs containing both fixed and variable components are introduced. The learning objectives are then outlined, including using scatter plots to diagnose cost behavior, analyzing mixed costs using the high-low method, and preparing income statements.
Managerial Accounting and Cost ConceptsChapter 2.docxinfantsuk
This document provides an overview of managerial accounting concepts related to classifying and assigning costs. It defines and provides examples of direct costs, indirect costs, manufacturing costs including direct materials, direct labor, and manufacturing overhead. It also discusses classifying costs for financial reporting purposes as product costs or period costs. Additionally, it covers classifying costs based on their behavior as variable, fixed, or mixed costs and analytical techniques for determining these classifications like scattergraph plots and the high-low method. The document concludes with a discussion of classifying costs for decision making, including differential, opportunity, and sunk costs.
A cost segregation study allows commercial property owners to accelerate depreciation deductions and reduce taxes by separating building costs into components with different recovery periods. Properties over $1 million constructed after 1986 are good candidates. The study identifies costs like equipment and land improvements that can be depreciated over 5-7 years instead of 39 years for buildings. Studies have saved property owners an average $15 in taxes for every $1 spent on the study.
The document discusses resource planning for a Hospital Management System project. It identifies the required human resources including project managers, business analysts, developers, administrators, testers, designers, writers, and support staff. It also covers the necessary software licenses and hardware infrastructure. The document then explains how earned value management can be used to calculate cost and schedule performance indexes to assess the project. It provides an example of calculating these indexes. Finally, it describes the project's change control process and different reporting procedures for costs, forecasts, exceptions, and baselines to keep stakeholders informed.
This document summarizes a study conducted to determine the economic value of preventive maintenance programs. The study analyzed preventive maintenance costs, repair costs, equipment replacement costs, equipment lifespan, and energy usage under different maintenance scenarios. The results showed that following industry benchmark preventive maintenance provided substantial returns, with an estimated portfolio-wide net present value of $2 billion and return on investment of 545% over 25 years from spending $39 million annually on preventive maintenance. The analysis demonstrated that preventive maintenance pays for itself and produces significant financial benefits by extending equipment lifespan and reducing long-term costs.
Part 11) You are providing a revie.docxkarlhennesey
Part 1
1) You are providing a review of contractor bids for a component of your upcoming project. What can be done to determine whether or not a vendor’s bid is reasonable?
To decide whether the vendor's bid is sensible I would check for the following steps:
• The bid ought to be in accordance with the project estimate cost and ought to comply with it
• The temporary worker presenting the bid ought to be genuine and have great reputation
• The bid ought to pursue all the legitimate prerequisites
• The bid ought to be legitimate for the project and should fulfill all of the segments
• The bid should also pursue every one of the terms and conditions referenced for the venture
2) Describe the conditions for which parametric, analogous and bottom up estimation techniques work best, and provide 2 examples in support of each method.
Parametric estimation: It is an estimation of cost, time or risk that is based on a calculation or algorithm. As the name suggests, parametric estimates are based on parameters that define the complexity, risk and costs of a program, project, service, process or activity.
E.g.
1. A moving company estimates the price of an office move using a base cost and variable cost based on the number of employees and distance. Unique complexities such as moving an air conditioning system is added as a separate cost. This base cost is multiplied by surcharges for moving to a multi-floor premise and working on a weekend.
2. The expense to construct a current shopping complex can be referred and we can add the resources to decrease the time dependent on past information and scientific estimations.
Analogous Estimation: This type of estimation depends on the past historical data as well as the performance of the project team
E.g.
1. In the event that an organization has undertaken advancement of an application and delivered it effectively, this can be utilized for estimation if similar application needs be created
2. For example, if it cost $7,100 to develop a website a few months ago and you are responsible for developing a new similar website, you estimate it to cost $7,100.
Bottom-up Estimation: This type of estimation can be done by breaking the entire project into modules and considering them individually.
E.g.
1. Individual managers must first create their own budgets, referencing past budgets and spending patterns while incorporating cost projections for the upcoming fiscal year. Upper-level managers and executives must then review all the budgets that managers submit, combining them to determine totals.
2.A project which requires high amount of detail and accuracy
3.Why is a cost management plan important? How does the plan benefit the project manager?
Cost management is the way toward assessing, allotting, and controlling the expenses in a project. It enables a business to anticipate coming costs so as to diminish its odds going over spending plan. It is one of the most important and essential part of the project ...
Taco's Concierge program provides comprehensive asset management services for the hospitality industry. It analyzes mechanical systems, energy usage, and building controls to identify opportunities to improve guest comfort, reduce operating costs, and increase property values. Services include engineering assessments, equipment upgrades, and control system modernizations. Case studies found projects increased annual net operating income by $10,000-41,000, raising property values by $166,000-683,000. The program aims to enhance the guest experience and property revenue through optimized equipment performance.
Question 1 Which one of the following is not an ownership right .docxIRESH3
Question 1
Which one of the following is not an ownership right of a stockholder in a corporation?
To share in assets upon liquidation.
To share in corporate earnings.
To declare dividends on the common stock.
To vote in the election of directors.
Question 2
A corporation has the following account balances: Common stock, $1 par value, $30,000; Paid-in Capital in Excess of Par Value, $1,350,000. Based on this information, the
average price per share issued is $4.60.
number of shares outstanding are 1,380,000.
number of shares issued are 30,000.
legal capital is $1,380,000.
Question 3
If stock is issued for a noncash asset, the asset should be recorded on the books of the corporation at
fair market value.
a nominal amount.
cost.
zero.
Question 4
Which of the following represents the largest number of common shares?
Outstanding shares
Treasury shares
Issued shares
Authorized shares
Question 5
A corporation purchases 20,000 shares of its own $20 par common stock for $35 per share, recording it at cost. What will be the effect on total stockholders' equity?
Increase by $400,000
Increase by $700,000
Decrease by $700,000
Decrease by $400,000
Question 6
The acquisition of treasury stock by a corporation
has no effect on total assets and total stockholders' equity.
requires that a gain or loss be recognized on the income statement.
increases its total assets and total stockholders' equity.
decreases its total assets and total stockholders' equity.
Question 7
Which of the following is not a right or preference associated with preferred stock?
First claim to dividends.
Preference to corporate assets in case of liquidation.
The right to vote.
To receive dividends in arrears before common stockholders receive dividends.
Question 8
If preferred stock is cumulative, the
preferred dividends not declared in a given year are called dividends in arrears.
preferred shareholders and the common shareholders receive equal dividends.
preferred shareholders and the common shareholders receive the same total dollar amount of dividends.
common shareholders will share in the preferred dividends.
Question 9
When common stock is issued for services or non-cash assets, cost should be
either the fair market value of the consideration given up or the consideration received, whichever is more clearly evident.
the book value of the common stock issued.
only the fair market value of the consideration given up.
only the fair market value of the consideration received.
Question 10
Common Stock Dividends Distributable is classified as a(n)
asset account.
stockholders' equity account.
expense account.
liability account.
Question 11
Indicate the respective effects of the declaration of a cash dividend on the following balance sheet sections:
Total Assets Total Liabilities Total Stockholders' Equity
Increase Decrease No change
Decrease No change Increase
No change Increase Decrease
Decrease Increase Decrease
Question 12
Which of the following show the proper effect of a s ...
Similar to White Paper - What short-term rental properties make the most profit? (20)
06-20-2024-AI Camp Meetup-Unstructured Data and Vector DatabasesTimothy Spann
Tech Talk: Unstructured Data and Vector Databases
Speaker: Tim Spann (Zilliz)
Abstract: In this session, I will discuss the unstructured data and the world of vector databases, we will see how they different from traditional databases. In which cases you need one and in which you probably don’t. I will also go over Similarity Search, where do you get vectors from and an example of a Vector Database Architecture. Wrapping up with an overview of Milvus.
Introduction
Unstructured data, vector databases, traditional databases, similarity search
Vectors
Where, What, How, Why Vectors? We’ll cover a Vector Database Architecture
Introducing Milvus
What drives Milvus' Emergence as the most widely adopted vector database
Hi Unstructured Data Friends!
I hope this video had all the unstructured data processing, AI and Vector Database demo you needed for now. If not, there’s a ton more linked below.
My source code is available here
https://github.com/tspannhw/
Let me know in the comments if you liked what you saw, how I can improve and what should I show next? Thanks, hope to see you soon at a Meetup in Princeton, Philadelphia, New York City or here in the Youtube Matrix.
Get Milvused!
https://milvus.io/
Read my Newsletter every week!
https://github.com/tspannhw/FLiPStackWeekly/blob/main/141-10June2024.md
For more cool Unstructured Data, AI and Vector Database videos check out the Milvus vector database videos here
https://www.youtube.com/@MilvusVectorDatabase/videos
Unstructured Data Meetups -
https://www.meetup.com/unstructured-data-meetup-new-york/
https://lu.ma/calendar/manage/cal-VNT79trvj0jS8S7
https://www.meetup.com/pro/unstructureddata/
https://zilliz.com/community/unstructured-data-meetup
https://zilliz.com/event
Twitter/X: https://x.com/milvusio https://x.com/paasdev
LinkedIn: https://www.linkedin.com/company/zilliz/ https://www.linkedin.com/in/timothyspann/
GitHub: https://github.com/milvus-io/milvus https://github.com/tspannhw
Invitation to join Discord: https://discord.com/invite/FjCMmaJng6
Blogs: https://milvusio.medium.com/ https://www.opensourcevectordb.cloud/ https://medium.com/@tspann
https://www.meetup.com/unstructured-data-meetup-new-york/events/301383476/?slug=unstructured-data-meetup-new-york&eventId=301383476
https://www.aicamp.ai/event/eventdetails/W2024062014
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Data Utilization: Transforming raw data into actionable insights with technologies like Glue ETL (PySpark scripts), Glue Crawler, and Athena, culminating in detailed visualizations with Tableau.
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*
White Paper - What short-term rental properties make the most profit?
1.
Tam Nguyen
Vancouver, BC
ctvv3010@gmail.com
Technical Details of
Recommendation to Enter the
Short-Term Rental Market
June 2, 2019
I recommend that Watershed strategies their $450,000 cash reserve on 15 specific
rental properties that generate at least $30,000 yearly profit and are located densely in
Miami, Austin, San Diego, Pa Alto and New York. The first stage focuses on 2 bedroom
houses since they are the most profitable ones. The later stage can be spent on
converting 1 bedroom houses and other types of apartments.
The analysis that serves as the basis of my recommendation indicates that Watershed
and its client would benefit from $962,000 of increased profits during the first year,
and yearly profits of $872000 every year thereafter if my recommendation is enacted.
The initial capital investment needed to implement my recommendation would be
$450000. This analysis is based on financial assumptions that were confirmed by
company and industry experts, but sensitivity analyses indicate that Watershed should
enter the short-term rental market with their client, even if these initial assumptions
need to be revised. Below, I describe the analyses I used to arrive at my conclusion, and
report the results of my sensitivity analysis that assesses how expected profits and
needed capital expenditure would change if my assumptions are modified.
Analysis Summary
I modeled the relationship between nightly rental price and occupancy rate for
short-term rental properties using data from current short-term rentals managed by
other companies and owners. I used this model to predict the short-term rental price
that would maximize profits from each of Watershed’s client’s properties if it were
managed as a short-term rental property. The metrics I report are based on the sum of
2. 2
the forecasted profits that would be gained and the forecasted capital investment
that would be needed if my recommendation is followed, after the following are
taken into account: (1) initial furnishing costs, (2) upkeep costs, (3) internet service
fees, (4) regulatory fees, (5) hospitality charges (including key service and cleaning), (6)
typical duration of stay, and (7) utilities. The details of the assumptions I used are
provided below (Table 1), followed by a description of the results of my sensitivity
analysis.
Analysis Assumptions and Sensitivity Analysis Ranges
Table 1
Consideration Assumed
Value
Source of
Original
Assumed
Value
Minimum
Value
Tested
Maximum
Value
Tested
Rationale for Range of
Values Tested
Additional profit needed for
a property to be considered
“more profitable as a
short-term rental”
$6,000 Watershed
Financial
Department
$10000 $40000 Limit for $500,000
cash needed for
conversion
Cost to convert property to
short-term rental (includes
furnishing and decorating)
$30,000 Watershed
Marketing
Department
$5000 $50000 16% intial estimate,
75% intial estimate
Years to depreciate capital
expenditures
5 Watershed
Financial
Department
2 15 realistic versus
extreme
Yearly upkeep $6,000 Watershed
Marketing
Department
$3000 $12000 +/- ~50-80% intial
estimate
Service fees to short-term
stay website (e.g. Airbnb)
20% Watershed
Marketing
Department
10% 40% +/- ~50-80% intial
estimate
Regulatory fees (taxes and
potential legal fees)
10% Watershed
Financial
Department
5% 20% +/- ~50-80% intial
estimate
3. 3
Hospitality charges (key
service, cleaning,
re-stocking)
$100 Watershed
Financial
Department
$20 $250 +/- ~50-80% intial
estimate
Typical stay duration
(days)
3 Watershed
Marketing
Department
1 5 +/- 50% intial estimate
Monthly utilities per
property
$300 Watershed
Financial
Department
$200 $500 +/- 50% intial estimate
As agreed upon at the beginning of the project, some issues were NOT incorporated
into the analysis, but could be incorporated in the future to help optimize short-term
rental rates or to further refine projected profits (Table 2):
Table 2
Factor not included in analysis Reason for exclusion from analysis
Weekly or seasonal changes in rental
prices/occupancy rates
Instructions from Project Manager
Promotions, coupons, or special events Instructions from Project Manager
Loss in rental income while property is
converted
Instructions from Project Manager
Differences in utility rates across
properties
Instructions from Watershed Financial
Department
I have created a dashboard that illustrates the effects of changing these assumptions
on predicted profits and required capital investment that is available to anybody on the
team by request. The minimum additional profits Watershed could earn when the
assumptions were modified within the ranges described above was $401,000, if all the
properties that are “more profitable” as a short-term rental are converted. The maximum
additional profits Watershed could earn when the assumptions were modified within
the ranges described above was $2,232,000, if all the properties that are “more
profitable” as a short-term rental are converted. The modified set of parameters
4. 4
associated with this minimum and maximum value are provided below (Table 3).
Overall, the parameter that affected profits most was regulatory fees.
Table 3
Consideration Value in
Assumption Set
that led to
Minimum Profits
Value in
Assumption Set
that led to
Maximum Profits
Additional profit needed for a property to be
considered “more profitable as a short-term rental”
$10000 $40000
Cost to convert property to short-term rental
(includes furnishing and decorating)
$50000 $5000
Years to depreciate capital expenditures 2 15
Yearly upkeep $12000 $3000
Service fees to short-term stay website (e.g. Airbnb) 40% 10%
Regulatory fees (taxes and potential legal fees) 20% 5%
Hospitality charges (key service, cleaning,
re-stocking)
$250 $20
Typical stay duration (days) 1 5
Monthly utilities $500 $200
Predictive Modeling Details
I was provided with four types of information about short-term rentals of the same type
(number of bedrooms, apartment or house, kitchen availability, unshared property) and
in the same location as Watershed’s client’s 244 properties: a typical short-term nightly
rental rate, the corresponding occupancy rate for the property with that rental rate, the
10th
percentile nightly rental rate, and the 90th
percentile nightly rental rate. When the
typical rental prices were expressed in terms of percentiles relative to properties of the
same type and in the same location—but not when they were analyzed as raw dollar
values—they correlated linearly with occupancy rates:
5. 5
I used the parameters of the regression line and Excel’s Solver optimization function to
find the rental price and occupancy rate that would maximize the profits expected from
each of Watershed’s client’s 244 properties. Any optimized price below the 10th
percentile rate was replaced with the 10th
percentile rate, and any optimized price above
the 90th
percentile rate was replaced with the 90th
percentile rate, in order to account for
lack of data outside of these ranges in the linear model. These optimized rental rates
were entered into a financial cash flow and profit model that computed the expected
revenue from each property based on its projected occupancy rate, and the expected
costs according to the financial assumptions described above.