About the book
This book compared to other books about real estate in the way that its focus lies on the real estate manager’s role in the client’s acquisition of a property. Aside from being overseers of client properties, they are also asset managers. This book delves into the role of the manager in financial analysis and asset management of their client’s property.
This book provides good analysis and insight into asset management with a detailed explanation of the various concepts and jargon of the real estate industry. It discusses budgeting, forecasting, and analyzing cash flow in a practical way when it comes to asset management.
Since the book delves on many complex concepts, the reader will have to be persistent in learning these concepts. The book’s main target of the audience is college business students, as the topics discussed in the book are fundamental in the field. It combines knowledge, skill, and experience to convey a clearer perspective of asset management.
About the Author
FRED PRASSAS is a founding member of the PMC Management Group in La Crosse, Wisconsin. He is an Assistant Professor and Director for Property Management at the University of Wisconsin – Stout. He has been in the real estate industry for more than thirty years and a faculty member of the Institute of Real Management, where he also taught finance and asset management.
Table of Contents
Chapter 1 Why Real Estate Finance?
Chapter 2 Economics of Real Estate Investment
Chapter 3 The Finance Function
Chapter 4 Accounting Basics
Chapter 5 Understanding and Implementing Budgets
Chapter 6 Cash Flow Analysis
Chapter 7 Financial Reporting
Chapter 8 Financing Basics
Chapter 9 Loan Analysis
Chapter 10 Time Value of Money
Chapter 11 Measuring the Performance of Properties
Chapter 12 Property Valuation
Chapter 13 Discounted Cash Flow
Chapter 14 Financial Analysis and Making Recommendations
Chapter 15 Lease Analysis
Chapter 16 After-Tax Cash Flow