PROBLEMS OF PROPERTY MANAGEMENT AND SOLUTIONS

  • Type: Project
  • Department: Estate Management
  • Project ID: ETM0143
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 43 Pages
  • Format: Microsoft Word
  • Views: 1.3K
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

PROBLEMS OF PROPERTY MANAGEMENT AND SOLUTIONS

TABLE OF CONTENTSCHAPTER ONE

1.1              Introduction

1.2              Objective of Study

1.3              Scope

1.4              Study Methodology

1.5              Definition of Property Management

1.6              Property Management Approach

CHAPTER TWO

Functions of property management

2.1              Preparation and Interpretation of Lease

2.2              Advising and Arrangement of Insurance Transaction

2.3              General and Routine Maintenance of Property

2.4              Rent collection

2.5              Action Under Lease

2.6              Multiple Ownership

2.7              Property Counseling

CHAPTER THREE

Problems of property management

3.1              Location and Design

3.2              Lease Agreement

3.3              Rent Collection and Renewal

3.4              Disagreement Over Utility Bills

3.5              Maintenance and Repairs

3.6              Uncooperative Attitude of some Land Lord

CHAPTER FOUR

Case study

CHAPTER FIVE

5.1              Summary of findings

5.2              Conclusion

5.3              Recommendation

CHAPTER ONE

1.1              INTRODUCTION

Property management to a non – Professional Estate agent entails mere collection rent.

Real property management goes beyond mere collection of rent. A property manger gets involved with managerial problem solving and decision making. He also performs several activities and tasks involving planning, organising, directing and controlling with respect to the portfolio of real estate assets being managed on behalf of his clients.

This is important since one of the features of real property that distinguishes it from other investment media is its requirement to be managed.

Because of the increasing pace of technological development or innovations resulting particularly in the construction of high rise and high technological structures in our cities, there is need for a trained manager who is able to cope effectively and efficiently with management problems arising from the latter.

Multi – tenanted properties such as office blocks and residential houses present the greatest management challenge to the surveyor.

The author’s experience of non-challant attitude of a good number of property investors regarding the management of the property prompted the choice of this topic

1.2       OBJECTIVES OF THE STUDY 

The study will examine the problems of property management, and proffer solutions towards rectifying these problems

1.3       SCOPE

This project will be limited to a few selected property in Abuja metropole, which includes.

1.                  Shelter House

2.                  Alaji M.D. shitus property on Plot 801 Malumfashi Close Area 11, Gariki Abuja

3.                  C.O.C. Enterprises property in Karmo, Abuja

4.                  Mrs. Nwankwo’s property on Plot 118 Tunis Street Zone 6 Wuse, Abuja

1.4       STUDY METHODOLOGY  

This study is based on data collected by the following methods

1.                  Primary method

2.                  Secondary method

Primary Method:      Primary data collection involves the distribution of questionnaires among some practicing Estate surveyor value’s as well as some land lords.

It involves the personal interview of professional.

Secondary Method:   Secondary data are those collected from previously published works (e.g.) Journals, newspapers, magazines etc.

1.5       DEFINTIION OF PROPERTY MANAGEMENT

Michael Thorncraft defined property management as the direction and  supervision of an interest in landed property with the aim of securing the optimum return. This return, which may not always be financial may also be in the form of social benefit, status, prestige, political strength etc.

John P. Macey and  Charles Baker defined property management as the application of skill in caring for property. Its surrounding and amenities, and in developing a sound relationship between tenants themselves, in order that the Estate, as well as t he individual house may give the fullest value to both the land lord and the tenants, from the land lords point of view it is desirable that the property should be efficiently and economically maintained and managed as much as possible, while from the tenants point of view, the house should provide a home, the focal point of full and happy life for the family.

1.6       PROPERTY MANAGEMENT APPROACH

There are two types of property management approaches used in this study.

(i)                 Active management approach

(ii)               Passive management approach

Active management approach: This type of management encompasses both long term and short time strategies. This involves constant attempt by the property manager is involved in all issues concerning improvement maintenance, repairs, conversion, extension, of e property etc. The advantage of this system of management is that it enables the property manager to be aware of all problems concerning the property. Since his attention is required at any time matters regarding the property comes up. This provides him with an opportunity to asses the state of the property and determine all necessary actions needed t obtain maximum return.

            It also makes it possible for the manger to detect defects, and remedy them at an early stage to prevent it from degenerating into a more complex one, there by prolonging the life of the property.
Passive Management Approach

            This is a system of management where the manager takes little or no part in the management of the property.

            This approach has a disadvantage especially in a situation where the tenant exhibits a non – chalalant attitude towards the maintenance of he property, the property manager may also loose grip of what goes on in the property and may discover the damage done to the property when it is already later and require more funds to undertake repairs.

PROBLEMS OF PROPERTY MANAGEMENT AND SOLUTIONS
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Estate Management
  • Project ID: ETM0143
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 43 Pages
  • Format: Microsoft Word
  • Views: 1.3K
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Estate Management
    Project ID ETM0143
    Fee ₦5,000 ($14)
    Chapters 5 Chapters
    No of Pages 43 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT Rent is a periodic payment made to an owner of a property for the use of such property. This payment is on the increase n modern times due to several factors which includes increase in the price of goods, inflation and greed on the part of landlords. Similarly, the collection of rent is limited by a lot of problems which often results to... Continue Reading
    ABSTRACT Rent is a periodic payment made to an owner of a property for the use of such property. This payment is on the increase n modern times due to several factors which includes increase in the price of goods, inflation and greed on the part of landlords. Similarly, the collection of rent is limited by a lot of problems which often results to... Continue Reading
    ABSTRACT The principal objective of property management is to maintain a property in a state to command the greatest possible net return and to protect the owner’s capital investment at all times, one unique feature of commercial properties is that they are of multiple occupation. Considering the huge capital investment in their... Continue Reading
    ABSTRACT The principal objective of property management is to maintain a property in a state to command the greatest possible net return and to protect the owner’s capital investment at all times, one unique feature of commercial properties is that they are of multiple occupation. Considering the huge capital investment in their... Continue Reading
    1.1BACKGROUND OF STUDY  The issue of property management has persisted in the Nigeria society for quite sometime. Property management is the art and science of real estate with respect to it’s development, maintenance, cash flow from users and occupiers in order to achieve optimum benefits for the owner and all parties interested in the... Continue Reading
    1.1 BACKGROUND OF STUDY The issue of property management has persisted in the Nigeria society for quite sometime. Property management is the art and science of real estate with respect to it’s development, maintenance, cash flow from users and occupiers in order to achieve optimum benefits for the owner and all parties interested in the property... Continue Reading
    MANAGEMENT OF FARMERS MULTI-PURPOSE COOPERATIVE SOCIETIES IN ANAMBRA STATE: PROBLEMS AND SOLUTIONS (A CASE STUDY OF ONISTHA NORTH L.G.A) ABSTRACT The researcher investigated the management problems and solutions of farmers cooperative societies in Onitsha north local government area. The population of the study was the registered farmers... Continue Reading
    ABSTRACT A research into the spiral growth of banks in Nigeria: manpower problems and solutions cannot be over-emphasized.  In pursuance of this investigation, the researcher formulated four research objectives.  Utilized library and sample survey techniques. Data were gathered through primary and secondary sources.  The data gathered were then... Continue Reading
    CHAPTER ONE 1.1     BACKGROUND OF STUDY The issue of property management has persisted in the Nigeria society for quite sometime. Property management is the art and science of real estate with respect to it’s development, maintenance, cash flow from users and occupiers in order... Continue Reading
    Most organizational valuable information exists in the form of documents, be it correspondence, memos, policy documents, contractual agreements and reports. Crucial business processes are not only based on but also driven to a great extent by document flows. The purpose of this study was to determine how organizational, technological and human... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us