Real estate industry orientation: applied workshop

Advisory, valuation and asset operations

Use advisory, valuation and asset operations to make decisions inspectable.

Distinguish transaction advisory, valuation, property and asset management.

Teaching example: Employer sector does not establish role responsibilities.. Predict the result, independently check the key step, and compare these assumptions with the actual role. Do not use demonstration results as real-world advice.

Location, use and market evidence

Use location, use and market evidence to make decisions inspectable.

Compare use, supply, demand and data definitions in two areas.

Teaching example: Residential and commercial-property metrics are not interchangeable.. Predict the result, independently check the key step, and compare these assumptions with the actual role. Do not use demonstration results as real-world advice.

Rent, vacancy and income

Use rent, vacancy and income to make decisions inspectable.

Calculate potential rent and vacancy adjustment using fictional assumptions.

Teaching example: Potential rent 100 less vacancy loss 10 gives rental income 90.. Predict the result, independently check the key step, and compare these assumptions with the actual role. Do not use demonstration results as real-world advice.

Property costs and net income

Use property costs and net income to make decisions inspectable.

Separate income, operating expense and capital expenditure.

Teaching example: Net operating income differs from equity cash flow.. Predict the result, independently check the key step, and compare these assumptions with the actual role. Do not use demonstration results as real-world advice.

Comparable evidence and adjustments

Use comparable evidence and adjustments to make decisions inspectable.

Record timing, area and use differences across three fictional comparables.

Teaching example: Rent per square foot needs consistent area and time units.. Predict the result, independently check the key step, and compare these assumptions with the actual role. Do not use demonstration results as real-world advice.

Evidence review and diligence

Use evidence review and diligence to make decisions inspectable.

List title, lease, use and technical questions for verification.

Teaching example: A public summary does not replace professional diligence.. Predict the result, independently check the key step, and compare these assumptions with the actual role. Do not use demonstration results as real-world advice.

Research brief and role choice

Use research brief and role choice to make decisions inspectable.

Write a one-page area brief and choose a target function.

Teaching example: Keep dates and statistical definitions with each chart.. Predict the result, independently check the key step, and compare these assumptions with the actual role. Do not use demonstration results as real-world advice.

Worked example · fictional

From a problem to inspectable work

Synthetic property: potential annual rent 100, vacancy loss ten, operating expenses 30, excluding financing, income tax, depreciation and capex; price 1200.

1. NOI=100−10−30=60; cap rate=60/1200=5%. Gross rental yield differs from capitalization rate.
2. Further judgment: Is a 5% cap rate the investor's net cash return?
3. No; separately inspect financing, capex, tax and timing

Deliver real estate area and role research brief: the calculation reference is 5; the recommendation must respect No; separately inspect financing, capex, tax and timing. Separate numbers, inference and unknowns.

Failure case and repair

In Property costs and net income, copy tool output without definitions, then retain the conclusion when asked: Is a 5% cap rate the investor's net cash return?

Even a result of 5 does not explain when No; separately inspect financing, capex, tax and timing is supported.

NOI=100−10−30=60; cap rate=60/1200=5%. Gross rental yield differs from capitalization rate. Then test assumptions in Evidence review and diligence.