Activities in Property Management

Property management activities may be briefly outlined as follows:

§  Negotiating rental and conditions.

§  Ensure a good mix of tenants through the selection of tenants.

§  Optimize the income from the property, as well as increase the capital value of the property.

§  Try driving with the ownership of property owners based on viability.

§  Identifying possible redevelopment potential of the property.

§  Maximize the occupancy rate of the property management.

§  Determine rental rates, expenses and service charges.

§  Implementation strategy tenancy.

§  Implementation of advertising, promotion and publicity of the property.

§  Control the application of taxes associated with the property.

§  Ensure adequate insurance.

§  Maintain and improve the fabric of the building on schedule.

§  Manage contracts related to services available in the building.

§  Prepare a report on the property investment schedule.

By

Shah Hizam

(Department of Estate Management Uitm Shah Alam)

Definition of Property Management

According to Larry E. Wafford state property management is a supporting activities involving rental property, rent collection, maintenance and budgeting and record keeping.

While according to Edward N. Kelley, definition of property management is a creative skills and abilities to use in controlling the physical, financial, and accounting and related matters with success and return on operation of the assets. In addition, he also said at present a manager is not only responsible for "controlling the operation of the property on a daily basis but plays an important role in planning, budgeting, risk management and other matters related to the management"

While according to Michael Thornroft did he state that property management is a direction and oversight of the property interests intended to obtain optimum returns. Return is not necessarily in financial terms but also in the form of public benefits, status, prestige, political power and some other purposes.

From the definition mentioned above, it can be concluded that property management is an activity which seeks to control property interest having regard to short and long term objectives of the property owner and particularly to the purpose for which the interest is held. Property management also responsible in initiating discussion to negotiate lettings and to initiate rent reviews and lease covenants, property management also to be mindful of the necessity of upgrading and merging interests where possible, property management also to recognize opportunities for the development potential and to fulfill the owner’s legal and social duties to the community.

           Disediakan oleh :

           Shah Hizam

           (Department of Estate Management Uitm Shah Alam)

TIME TABLE EXAMINATION SEMESTER 3

TIME TABLE EXAMINATION SEMESTER 3

DEGREE IN ESTATE MANAGEMENT

Wk 1, 31-Dec-12	8:00am- 9:00am	9:00am- 10:00am	10:00am- 11:00am	11:00am- 12:00pm	12:00pm- 2:00pm	2:00pm- 3:00pm	3:00pm- 4:00pm	4:00pm- 5:00pm	5:00pm- 6:00pm
MONDAY 31-Dec-12
TUESDAY 01-Jan-13
WEDNESDAY 02-Jan-13
THURSDAY 03-Jan-13						2:15pm-4:15pm, Wk 1, 03-Jan-13 Modules: AP225 Groups: CTU553
FRIDAY 04-Jan-13
SATURDAY 05-Jan-13
SUNDAY 06-Jan-13

Wk 2, 07-Jan-13	8:00am- 9:00am	9:00am- 10:00am	10:00am- 11:00am	11:00am- 12:00pm	12:00pm- 2:00pm	2:00pm- 3:00pm	3:00pm- 4:00pm	4:00pm- 5:00pm	5:00pm- 6:00pm
MONDAY 07-Jan-13						2:15pm-5:15pm, Wk 2, 07-Jan-13 Modules: AP225 Groups: EMT518
TUESDAY 08-Jan-13
WEDNESDAY 09-Jan-13
THURSDAY 10-Jan-13
FRIDAY 11-Jan-13						2:45pm-5:45pm, Wk 2, 11-Jan-13 Modules: AP225 Groups: EMT511
SATURDAY 12-Jan-13
SUNDAY 13-Jan-13

Wk 3, 14-Jan-13	8:00am- 9:00am	9:00am- 10:00am	10:00am- 11:00am	11:00am- 12:00pm	12:00pm- 2:00pm	2:00pm- 3:00pm	3:00pm- 4:00pm	4:00pm- 5:00pm	5:00pm- 6:00pm
MONDAY 14-Jan-13
TUESDAY 15-Jan-13
WEDNESDAY 16-Jan-13						2:15pm-5:15pm, Wk 3, 16-Jan-13 Modules: AP225 Groups: EMT519
THURSDAY 17-Jan-13
FRIDAY 18-Jan-13
SATURDAY 19-Jan-13
SUNDAY 20-Jan-13						2:15pm-5:15pm, Wk 3, 20-Jan-13 Modules: AP225 Groups: EMT517

Time table exam untuk semester ini dah keluar. okay now dah rasa cemas bila tengok jadual exam . start 3 jan hingga 20 jan. aku harap semuanya akan okay. doakan aku ye :)