The enterprise. [volume] (Harlem, Mont.) 1899-1926, 1910-12-08

erty after it is improved. He must
know the cost of building apartment
houses, and the attractive features OF
various modern improvements IN sucn
dwellings so as to lure tenants to them.
He must be student of the trend OF
traffic, so as to appraise Office build
ings and the value Of land adapted to
such purposes. Factory sites, trans
portation facilities, tenements, stores,
boulevards, parks, small farms I'm
Guiding the .adaptability Of the soil
for agricultural purposes), the trend
of population of various classes, the
probability of this particular section
becoming a residence or business
section-all this has to be within his
ken: and, If the customer should wish !
to build store Or house or an Oh
flee building or an apartment house or
a factory, he must be ready to tell MIN
glibly of the cost, and the formal1t1es
| to be gone through, and the probable
revenues, and the taxes, and details
about possible loans.
| All this enters into the real estate
business, as we'll as other specialtles,
such as civil engineering and laying
out and grading the property; various
phases of finances, such as raising
money and mortgages, and financial
returns, such as rents, ETC.; probable
cost of administration, including JAM
tors. porters, scrubwomen, firemen,
etc.: the cost and consumption OF coal;
the cost and placing of fire insurance,
most of the big operating companies
placing insurance on the property they
handle; the placing OF mortgages, etc.
Then there are companies that take
suburban wilderness and turn 1t into
a habitable section, lay out the ground
and erect buildings-Work when re-
, | quires close acquaintance with pullo-
, ing regulations and real estate laws
and employ their own architects ana
, building superintendent and civil and
, | constructive engineers.
What are the initial steps your boy
' has to go through before he can take
) a leading part in all this maze OF
. industry? Well, he goes from $2l
5 a week clerkship in one OF the Office
ends to one of the specialties, and be
q comes a chief clerk in that. Then, al
p he has displayed particular ability II
q one direction he is made assistant u
v one of the superintendent at $3G or 81
l. weekly; then becomes constructor
II superintendent, or head Of a civil en-
D gineering co,Cs, or head rental
sales agent, or building superintendent
" or auditor, or chief accountant, an
"a will be paid from $4,000 to $4,000
- wear. according to the Importance c
- the company he has connected himsel
h with.
" If he elects to remain with the con
,r pany, the next step will be a NAL
q agership at increased salary, ant
a eventually, the presidency perhap
Also, he may possibly become lea
Of ing stockholder. Or, at some stage
60 his progress, he may go into bushes
~. on his own account, starting at Duylr
~ or selling lot or two, or take up tt
~ rental business. Many young men ha'
~. made their start in securing tt
- agency for collecting rents and ma
II, aging apartment houses on comm
w. sion. and in time making this ST
~ cialty, have developed an extensl
no business.
~, In any event, the young man w
takes up real estate in earnest stan
a reasonably fair chance to succeed
ae- some one of the various lines, and
lce succeed perhaps in big way.
VI Copyright 1910, by the Associated
ny erary Press.)