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)
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