Bryan daily eagle and pilot. [volume] (Bryan, Tex.) 1909-1918, 1910-12-14

make opportunities to unload the prop
erty after II is improved He must
know the cost of building apartment
houses. and the attractive features OF
various modern improvements In such
dwellings so as to lure tenants TO them
He must be a 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
portauon facilities. tenements, stores.
boulevards, parks, small farms Tin
GLIDING tne adaptability of the soil
for agricultural purposes), the trend
oil population of various classes. the
probability OF this particular section
becoming residence or a business
section-all this has to be within his
ken; and. If the customer should wish
to build store or house or an of.
nee building or an apartment house or
factory. he must be ready to tell him
glibly OF the cost. and the formalities
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 well as other specialties,
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. fremen,
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 a
suburban wilderness and turn It into
a habitable section, lay out the ground
and erect buildings-work which re-
quires close acquaintance with build.
ing regulations and real estate laws
and employ their own architects and
building superintendent and civil ard
constructive engineers.
What are the initial steps your boy
has 10 go through before he can take
a leading part In all this maze of
industry? Well. he goes from a 500
a week clerkship in one of the Office
ends to one of the specialties, and be-
comes chief clerk in that Then. as
he has displayed particular ability in
one direction. he is made assistant to
one of the superintendent at $50 or so
Waaklys thap hacppnao onnetrno,tn,
superintendent, or head of a civil en-
cheering corps, or head rental or
sales agent or building superintendent.
or auditor, or chief accountant, and
will be paid from $4,000 to $4,000 a
year according to the importance OF
the company he has connected himself
with.
II he elects 10 remain with the COM
pany. the next step will be a man.
agership at increased salary. and.
eventually, the presidency perhaps
Also. he may possibly become a lead
ing stakeholder. Or, at some stage OF
his progress, he may go into business
on his own account, starting at buying
or selling lot or two. or take up the
rental business. Many young men have
made their start in securing the
agency for collecting rents and man.
aging apartment houses on commits
sion, and in time making this spe-
cialty. have developed an extensive
business.
In any event. the young man who
takes up real estate In earnest stands
a reasonably fair chance to succeed in
some one of the various lines. and to
succeed perhaps in a big way
Copyright. 1910. by the Associated Lit
erary Press.)