Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1910-12-22

make opportunities to unload the prop
erty after 1t 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
portation facilities, tenements, stores,
| boulevards, parks, small farms lin
cluding 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 a business
section-all this has to be within his
ken; and, If the customer should wish
to build a store or a house or an of
fee 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 jani-
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 a
suburban wilderness and turn 1t 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 superintendents and civil and
constructive engineers.
What are the initial steps your boy
has to go through before he can take
leading part in all this maze of
industry? Well, he goes from a $40
a week clerkship in one of the Office
ends to one of the specialties, and be-
comes a chief clerk in that Then, as
he has displayed particular ability In
one direction, he is made assistant to
one of the superintendants at $50 or so
weekly; then becomes a construction
superintendent, or head of civil en-
gipeering colgs, or a 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.
If he elects to remain with the COM
pany, the next step will be man
| agership at increased salary, and
eventually, the presidency perhaps.
| Also, he may possibly become a lead
| ing stockholder. Or, at some stage of
his progress, he may go into business
on his own account, starting at buying
! or selling a 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 a 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 big way.
! Copyright. 1910. by the Associated Lat
| crary PressD