ipl-logo

Essay On Property Management

4464 Words18 Pages

Chapter 1: PROPERTY MANAGEMENT
1.1 WHAT IS PROPERTY MANAGEMENT?

Property Management is the operation, control and oversight of a residential, commercial and/or industrial property. The property manager acts on behalf of the owner to preserve the value of the property owned. In return for fee or a percentage of the rent brought in from the property, the property manager provides services to the owner for different types of properties including residential and vacation properties, commercial retail spaces and industrial warehouses.
The property manager is typically responsible for budgeting expenses, securing renters, collecting rent, complying with laws and regulations, and maintaining the property. This includes preventive maintenance, repair …show more content…

They are involved in all capacities, from finding the tenants and dealing with complaints to initiating evictions.
• Finding Tenants: Property managers are responsible for marketing the property to fill vacancies. They know where to advertise and what to include in their ads. They also understand what attracts tenants, so they can suggest making cosmetic improvements to help makeover the property.
• Handling Leases: The length of the lease period in U.A.E is 1 year. After which, the tenant can either choose to renew his leased property for the next subsequent year and so on or vacate the property. Renewals and move-outs are also handled by the property manager. When leasing to a new tenant, the property manager obtains all the necessary documents from the tenant which includes their identification and residence visa (if needed) along with the security deposit and rent. When renewing the leased property, only the rent is collected from the tenant.
• Handling Complaints/Emergencies: They ensure periodic preventive maintenance measures are taken to preserve the property being handled by them. They have the necessary contacts to handle emergency

Show More
Related
533 Words | 3 Pages

The team has been given priority because of the potentially hazardous effects of flowing sewage. The team operates under the guidance of the safety officer who the second in command. The safety officer also communicates with leaders of the security team. The hazard handling team has to move fast. The search team is expected to find people who are also willing to help in the hospital and construct shelters.

Read More
481 Words | 2 Pages

Emergency strikes anytime and comes without prior information but you have to be prepared irrespective of the fact how you are able to contact the emergency services. When you call the emergency services through normal means you just have to dial 911 and you are connected to them. But if you are on VOIP or wireless, you have to go through the special route known as the enhanced 911 or the E911. When you call the enhanced 911 service, the system automatically associates the physical address with your telephone number. This is done by the form of the reverse telephone directory supplied by the various telephone operating services in the form of computerized file.

Read More
414 Words | 2 Pages

They also help support the staff of doctors, nurses and technicians needed to support this

Read More
1790 Words | 8 Pages

The training would include a walk-through of an evacuation with a review of responsibilities at the offsite relocation site. This has never been performed with the staff and it seems unreasonable to believe that the plan could be implemented effectively if not practiced. Also, the safety plan would be updated to reflect an emergency communication plan. Communication in the time of crisis is essential and the tools exist to have an effective way to send messages to all staff during emergencies. The software application Remind would be used.

Read More
345 Words | 2 Pages

A general manager for a store is a big responsibility for anyone. They have to be there on time, make sure the store is in order, how much stock they need of one product, and many other things. It is a tough challenge being a store manager. As a store manager making a good annual salary, having certain knowledge and skills, and having certain job duties. A Publix manager requires people skills, customer service skills and being very patient with clients and employees.

Read More
1319 Words | 6 Pages

Rock Companies Property Management’s ISMs are guidelines to influence our behaviors and decisions. As a Team Leader, I feel as if I am working in an environment that encourages me to do the right thing, be creative and step outside the box. I feel that my voice is heard and that the company legitimately cares about providing the best outcomes for team members and clients. The ISMs make us always strive to do the right thing. We should always ask, “Am I making ethical

Read More
189 Words | 1 Pages

As I have mentioned several times, I monitor feedback, complaints policies and procedures all the time. It is part of my role to make sure that all systems and procedures are working well and smoothly. When new procedures are needed then I make sure they are implemented by all staff and make sure they are aware of them from meetings memos and care plans. Families of the residents are very forward in making complaints and raising concerns if they feel something is not being carried out correctly, with this I must make sure that it is factual as family members often try to make us do things which does not promote the independence of the resident, I make sure I see them listen to concerns and explain reasons these actions and methods are in place.

Read More
1612 Words | 7 Pages

The primary purpose of the emergency department is to treat patients with acute serious illness or injury which would result in disability or death if not treated quickly (NSW.Gov.au, n.d.). Unfortunately, emergency departments services are being overused and misused by

Read More
557 Words | 3 Pages

However, the “Good Samaritans law” does not require one to attend the matter that is out of their ability and knowledge, but call for professional help instead. As supported by Allred and Bloom that “while the untrained should not attempt medical assistance, it takes so little time and effort to phone parametric.” The technology had developed to the point where each and every person had a cellphone with them and could call for emergency with just a few click. Also, just like how Silver said, “it could simply require warning someone of imminent danger or calling 911” (Silver 1) Therefore, making an excuse that they could do nothing is

Read More
502 Words | 3 Pages

Gentrification is the process of renovating and improving a house or district so that it conforms to middle-class taste. Real Estate investors usually take low-income places that they feel have a chance to prosper economically, and turn them into areas that attract the middle and upper class workers. In doing so they feel like the low-income areas will be safer and more appealing, attracting more people to visit and live there. An improvement to a poor district sounds beautiful, but is gentrification as great as it’s sought out to be? Many residents have their doubts about gentrification due to the idea that the costs of their living will go up and they will be driven out of their neighborhoods.

Read More
718 Words | 3 Pages

It is important to maintain our equipment because without our equipment or non-efficient equipment, our mission success or readiness goes down. This is especially important in the military because of the seriousness of our jobs. It is in the Army values "I will always maintain my arms, my equipment, and myself." Army Regulation seven hundred fifty dash one establishes policies assigns responsibilities for the maintenance of Army materiel. The provisions of the regulation are applicable to all Army and civil-funded property under the direct control of the U.S. Army Corps of Engineers.

Read More
737 Words | 3 Pages

Making investment in real estate is one of the most profitable money making opportunities. However, many investors make certain mistakes while investing in real estates. For example, many new investors approach this kind of investment with the mentality of becoming rich as fast as possible. Due to this wrong mindset, they often lose a substantial amount. Even experienced investors hire mentors or coaches to avoid deadly real estate investment mistake.

Read More
834 Words | 4 Pages

If there's a fire, shooting, lockdown, bomb threat, you want to ensure your safety by calling 911 or even your parents. Most of the times these are just drills, but what if one day it is not. Also if your parents need to contact you. Like for example, if there is a death in your family and then need to reach you quickly, then that phone will be a big help. Another emergency, that can happen that you would need your phone, is that if your at school and you are ready for any kind of sports practice and suddenly it is cancelled, and you find out before school ends, and you need to contact your parent.

Read More
1377 Words | 6 Pages

INTRODUCTION URBAN LAND USED SYSTEM Urban land use system means the system which manages the land area in urban cities. The land in urban areas should plan very well to mitigate the issues that arise in the future. Planning of buildings, roads, highways, rail ways, ports, stations and flyovers has to be planned under this system. It is very important to plan the urban land properly by placing the infrastructures in the proper places because wrong management plans will creates huge cost for the economy.

Read More
812 Words | 4 Pages

Financial management “is the operational and financing activity of a business that is responsible for obtaining and utilizing the funds necessary for effective operations. Thus, Financial Management is concerned with the effective funds management in the business process. Finance is interrelated functions which deals with marketing function, production function, Human Recourse function and Research & development activities of the business concern. Financial Management is concerned with the financing, acquisition and management of assets with some overall goal in minds. There are three major areas in Financial Management decision making.

Read More

More about Essay On Property Management

Related Topics

Open Document