Evening Star Newspaper, November 12, 1927, Page 18

REAL FFFICIENT REALTY FIRM IS DESCRIBED John A. Petty Lectures on . Organization Before Class atY.M.C.A. The necessity of proper organiza- “tion of a real estate firm, with all the departments co-operating under one ad so that they will each act as a of affording progress to the was outlined by John A. Petty, ary of the Real Estate a_lecture before the regular " A class in real estate Mon- first the sales department of tate office which deals with F marketing of homes, Mr. Petty said that besides the necessity of a competent and live sales force there t be a regular backing of office de- 0 as to bring this to the highest point of efficiency. This detail requires proper ascertaining and listing of sulable property, so that in an instant the office or salesman can tell whether de is at liberty to handle a certain husiness or property and that every property should be properly indexed so ‘that fuil information i always available, he said. Property Management. Touching upon the matter of prop- erty management, the speaker pointed out various possible defects of this de- partment and the necessity of good judgment where an agent is ing a property for its owner, so that the owner will be fully satisfied and dhe tenants equally so. The proper intenance and repair of the prop- ¢ =0 that it may be kept at the best standard with depreciation at a minimum was particularly referred to as well ns the proper maintenance of accounts and systematic and business- like coliection of renmts. This depart- ment. the speaker said, required par- ticular skilf and wide knowledge of property because of the necessity of dealing with various parties and bring- ing about ultimate satisfaction to all concerned. In.the mortgage department there becomes necessary that knowledge which comes only with practical ex- pericnce and & study of financing. This experience is not only involved in g transactions and matters of 2 ges themselves, butalso requires gonsidergble expertness in reference to is#® matters, which, in turn, are argely on a knowledge of the pity’s growth, in the matters of securi- ties and building materials and con- struction, he said. The other part of the mortgage department involves the sales of mortgage notes to investors, Subdivision work usually differs from other branches of the office in that it is far more spectacular, the speaker said, pointing out that this work has grown considerably in Wash- ington in the past few years. The building industry is largely one of specialization, and must be con- ducted in the same businesslike man- ner as the rest of the office, requiring the employment of building experts and men of experience in order that the work undertaken should be a suc- cess. Most offices have insurance de- partments in which they are agents respect to it is | ESTATE. The Pat Suit, at 3220 Connecticut avenue. It has a frontage rkway, five-story bullding containing 83 apartment suites, which recently was completed for Raedy & of 250 feet on Macomb street and 200 feet on Connecticut avenue. Average Cost for Home Here Is $2.395 More Than in Baltimore, Survey Shows Although Washington and Balti- mily cos more are but 40 miles apart and freight rates on vietually all commo- dities are but slightly different, the average home owner spends one-third more for his home in the Capital |costs of multi-family than in the neighboring metropolis of | apartment houses, where 1, Maryland. Not only do one-family dwellings cost very much more to con struct in Washington than in Balti- | $3.049 for ! more_ but more money is spent for | dwellings in Baltimore. dwellings of all classes in th Y. as against the neighboring city. | expenditure for erection of a These statements are contained in | family dwelling in i a study of cost of dwellings in various | $3,972 in 1921. American cities, made public today by | average expenditure had risen 19 per the Labor Department, showing that|cent to $4,725. The average cost of |on families at an avera $4,952, while in was made for 2 family cost of § ze ington | dwellings | of $3.951, against an generally in comparison with costs in | was only 1.9 per cent higher i Baltimore. than in 1921 for the 257 citi The average expenditure for one- family dwellings in Washington dur- ing the first half of 1927 was $6.337, while in Baltimore the figure was but $3,942. The report did not compare the types of dwellings, nor did it men- tion the number of rooms. The average cost of onefamily dwellings | in New York during the first half of the current year was placed a $6,184, more than $100 below the Washington figure. In arriving at| the figure for the Capital, dwellings | to provide for 1,069 families were counted, while in Baltimore dwellings | to provide for 2,115 families were surveyed. | For all classes of dwellings in ‘Washington, a typical cross-section of | the city, provision was made for 2,583 to build up an efficient, reliable force that would bring profit to the office | and give the public a higa standard of | competent and reliable service. The | general manager or chief executive, to | which all department managers must | report, js the one who must keep in touch with the progress of the firm as | to the advance of retracting in the | “for insurance firms or in which they act as brokers for insurance depart- ments through intimate contact with owners and tenants and through the good will that has been established by Qealing with tenants in a proper and efficient manner. In fact, Mr. Petty declared, all departments can be feed- ers for the other departments. Problem of Personnel. In speaking about personnel, it was stated that this is a most_important “question involving a period df years various departments, and who must select the heads of the various depart- ments, he stated. Other matters upon which the speaker touched were the necessity of keeping proper records, so that there will be neither too many or too few, and that the records should include the work of the various de- partments and divisions. ‘The speaker at the next Y. M. C. A. class Monday will be J, F. M. Bowie of the H. L. Rust Co., who will address the class on “Renting, Leasing and Property Management.” p— Directions: Out 16th St. to 18th. St. | Main 1064 Looking for a Bargain?--Yes Then come to 4405 18th St. N.W. Beautiful 8-room brick residence with servants’ quar- ters, 3 baths, 2-car garage and a large lot. The neighbor- hood is ideal—the surroundings beautiful—overlooking Rock Creek Park. The district is ultra refined. The con- struction of this residence is of the best in Washington. Price and terms most reasonable. MAX SUGAR Or Your Own Brokcr 404 Southern Bldg. to Webster, west on Webster the cost of housing here is higher [apartment houses, on the other hand, | pay 1926 | tervals. U TILIZING. CELLARS. Basements Often Can Be Made At- | tractive Rooms. A further step in the campa e of | turn the us Baltimore provision | homes into attr: 224 2| purposes is the n bl s The home outfit made by one con- 8 fam- cern would ilies were housed at an average cost s elect verage cost of | with a . 103 families in similar | and depth gaus indes The figures show that the average men e ha off wasted cellar space in but complete hBme workshops e for basemeont installation. ht any handy man. It 11y the, ¢ saw, miter, side w. drill, buffer v and numerous other attach- Best to Pay on Loans. No matter how little or how mauch to borrow it is good policy to part of the loan at regular in- This process of paying off the a little At a time is called ‘Large corner lot. Two-car all-stone garage. Greatly Underpriced Fred Van Dolsen en and equipped | THE EVENING STAR, WASHINGTON, D. C., SATURDAY, Y1LDERS REPORT | SUCCESS IN DRIVE “embership Campaign Yields Results—Other Activities Planned in Capital. Progress in the membership drive of ‘.o Builders and Manufacturers’ Ex- avnge of Washington is reported by loss H. Johnson, secretary of the or- nization. Extension of the member- <hip is part of a plan of new activities which have as their aim the co-opera- tion and co-ordination of all factors of the building industry in the Capital, it is announced. Dr. John M. Gries, assistant to Her- bert Hoover, is co-operating with ex- change executives in working out teatures of the new service contem- plated For the purposes of the drive the | city has been zoned into eight sections and committees named to conduct ac- tive “go-getting” campaigns. Each committee numbers one general con- tractor and two other business men. First of a series of luncheon meetings during the drive will be held Novem- ber 15, when the steering committee will hold a conference. All members of the excange will participate in a luncheon meeting at the Franklin Square FHotel November 21. Farl Stokes, secretary of the National As- sociation of Builders' Exchanges, will be a guest of honor. The general campaign committee of the drive will hold a luncheon meeting at the Franklin Square Hotel Novem- ber 2. The drive will continue through November 30, culminating in an intensive drive for members on No- vember 28, 29 and 30, when the zone committees will call on business men Kennedy Firm Moves. The real estate firm of Gordon Ken- nedy, formerly located at 1343 H street, has bcen moved to 2400 Six- teenth street, where the company occupying offices jointly with the firm of Kennedy Bros. Co., Inc. 5721 Fourteenth St. N.W. Corner of Montague and Fourteenth Sts. ATTRACTIVE—ALL STONE—DETACHED 3 A beautifully decorated home, especially designed for entertaining. Entrances on both Montague and Fourteenth streets. Has 10 large rooms, also 2 large sun parlors and 3 well equipped baths. Tile Main 971 Adams 546 .These homes have all modern conveniences—sidewalks, good roads to town, only 10 minutes from the White House. F the 154 homes in Lyon Village and over 400 homes in Lyon Park, we have only ten houses for sale. We are going to sell at yours! We could rent these homes profitably, but we want to see a satisfied owner in every house all ten will be sold! Our pri small cash payment and easy terms. Make en appointment with us to inspect these attractive homes, or come out to our office on the Lee Highway, of the_ ten. just a mile from Key Bridge. Act quickly! ngtom County has city wa. te s, sehoois, hil LYON & F Lyon Village, Va. Clarendon 650 /\ We could hold them at our price, but we want to know whether our price is your price. We are going to sell every one of the ten and find out. We would not duplicate these homes for less than the price we ask. s on these homes range from $5,000 to $12,500, These ten houses a~e going to be sold! Jealth standing—a good place to Mue. them, either at our price or Full Tile Bath Open Fireplace in Lyon Vill ind L Park; Ced yon Village yon Parl r Chosets You are sure to like one good roads.” good ITCH, INC. - Colorado Bldg. Main 4198 Two Covered Porches Full Tile Lavatory Electrical Refrigeration Composition Kitchen Floor Full Floored Attic Large Front and Side Yards MODEL HOME, 3717 WINDOM PLACE NW A MODERNIZED REPRODUCTION Situated between Wisconsin and Connecticut Avenues, just a few blocks north of. Massachusetts Avenue PRICE ONLY " $11,950 to Exclusive Agents Successors to Douglass & Phillips, Inc. $13,950 Attractive Terms Charmingly set on large lots, landscaped with an abundance of shrubs, hedges and evergreens. Unusually pleasing in design and the interior is attractively yet very practically arranged with large living room, dining room, and an immaculate model kitchen; very cheerful and ample bedrooms, all expertly decorated and fitted. Needless to say there are hardw ood floors, extra toilet in basement, hot-water heat, etc. OPEN FOR INSPECTION SUNDAY Drive out Mass. Ave. to Wisconsin Avenue, then morth 10 Windom Placeeand then east two blocks to Exhibit Home. 3. €. Douglass Co. NOVEMBER 12, 1927. REALTY TAX INCREASE CONTRASTS WITH SAVING | Higher Levy Striking in Compari- con With Government Economies, Harvard Professor Says. | Dr. Charles J. Bullock of Harvard University, in the National Real | Estate Journal, discussing the in- crease of taxes on real estate in American cities, says that the increase is the more striking as it contrasts so sharply with the decrease which has been effected in the expenditures of | the Federal Government. | He cites as the reason for this that: | “Few local governments, if any, have a budget systeln and organization which compare in efficiency with those leveloped by the Federal Government. i"ew local governments have chief executives with th8 courage to preach and enforce economy at a time when | politicians are afraid of the word and prefer to campaign for office on their records as liberal spenders. | “There is the obvious fact that local governments touch rthore closely the | personal, business and social life of |the people, with the result that the unpleasant side of economy is brought !hnm« more closely to the average voter.” AFFILIATED MEMBERS PARTICIPATE IN BOARD | | Business Men Have Use of Numer- ous Facilities Offered by Realtors’ Organization. Washington Real Estate Board has afforded a number of people an oppor- tunity to participate in the advan- board. There is a large number of busi- ness men and citizens not actively en- gaged in th) real estate business who and other busine: closer inspection. | | | | « The affiliated membership in the | The ‘ Most J ) tages of the active members of the | ESTATE. REAL affliated membership is open to all "of mortgages and deeds at tho head- those who are interested in the work |auarters of the board. f the board. v . *f Phey are given the services of the| ORJuns 16, her sixty-sixth birthd board and have the use of the zoning | Mme. Schumann-Heink sang at the maps, plat work, educational facilities, | wedding of her granddaughter in lectures, the ownership file and charts | Leipzig. i verage Homes ‘ at less than average prices Beautiful Architecture Finest Construction Textone Walls Noiseless Oil Burners Modern Kitchens 7 and 8 Large Rooms 1 and 2 Tiled Baths 1 and 2 Master Bedrooms In Best Location PARKSIDE In the Heart of Mt. Pleasant Only $12,950 ue $1,000 Cash and $98.50 Monthly ivo il Exhibit Home 1808 Irving St. N.W. 1716 Hobart St. N.W. Open Till 9 P.M. Furnished by the Pecriess Furniture Co. 829 7tA St. NW. Beautiful Homes in Washington” 1416 Eye St. N.W. Main 89049 “BEYOND COMPARISON" | | Improvements $5.990.00 ' $50.00 Monthly Months investigations proved to us the worthiness of these homes, the soundness of their values. Here you will find substantial improvements, and Model Homes selling at lower prices. These homes contain living room, dining room, complete kitchen and coat closet on first floor, and two bedrooms, bath, linen closet and large closets in bedrooms on second floor. Large front and double rear porches. Laundry trays in cellar. Built-in garage. Concrete streets, sidewalks and curbing installed. These homes focus attention, command interest and beckon for - 1602 Eames Place N.E. At Sixteenth and E Streets N.E. Always Open for Inspection Wm. S. Phillips ‘& Co. 1516 K St. N.W. Evem‘ng Dhone Service Until 9 PM. are included in this class of members | the Washington Real Estate Board. | are bankers, lawyers, architects, | Open and Lighted Daily Until 9 P.M. Consider Their Value ; LOWCI‘ prices $300 Cash Exhibit Home R R R T M. 4600 RIT aflm 1627 K St. NW. Weng’er Bros. Homes in beautiful Massachusetts Avenue Heights " Built of the best materials and workmanshi will meet the most exacting demands of the home buyer. . Eiqh_t rooms, two baths, 2-car built-in garage, Oil-burner, Electric Refrig eration, Kitchen cabinet, metal weatherstripped, numerous floor plugs, and many other attractive features that will merit your inspection. OPEN DAILY—10 AM. to 9 PM. To inspect, drive out Massachusetts Avenue to Cathedral Avenue, thence west one square to sample home, or call— WENGER BROS.. Inc. 3817 to 25 Cathedral Avenue NW just one square west of the Cathedral. p. these new and original homes