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Taking this into account the best course of action was to adjust the monthly rent to $950 dollars per month; this action lowered the vacancy rate to a mere five percent and maximized revenue at $1.81 million for the year. It was noted in the simulation that there was still a surplus of 100 apartments and had the task been to lease all apartments, lowering the rent further would have been sufficient.
The second task presented in the simulation was to assess the possibility of leasing all the apartments at the current rate, and to find out the rate at which leasing all the apartments would cover maintenance costs and remain profitable to the company...
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Common topics in this essay:
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