REAL 1820 Lecture 17: Real Estate lecture 17
28 Nov 2015
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Document Summary
2 self- management manager hired as an employee of the property owner. Some traditional images of property manager. 2 for example, someone who. Cut grass and plow snow; Repair roofs or coordinate repairs done by others; Oversee the operation of physical plant (electronic, plumbing, heating, 1 third- party fee- based property management - - professional manager under air conditioning, elevator, etc); Periodic property inspections and preventive maintenance. Insurance and risk management (security and safety) Staffing and supervision of personnel. 3 this type of image out- dated. Become more of a multi- faceted profession. 5 advertising and promotion (including tenant relations) 6 community an social obligations: financial: 6 budgeting (operating and capital) 7 rent billing and collections. 9 review of property tax assessments. 6 compliance with the residential tenancies act, commercial tenancies act, Other financial tasks (e. g. cash flow projections) All- around designation: certified property manager (cpm) residential, office, industrial or retail properties; Accredited commercial manager (acom) small commercial properties.
