ADMS 3810 Lecture Notes - Lecture 27: Management Fee
27 Apr 2018
School
Department
Course
Professor
ADMS 3810
Lecture 12
• Paying Expenses; Keeping Books and Records
o Payment and invoices
o Track operation cost
o Property taxes
• Establishing Maintenance Schedules
o Picking up garbage, removing snow/ice, keeping up the
parking area
• Conserving Energy
o Inspection of building equipment
o Timing of the heating-cooling system
o Keep only minimum light after work hours
o Monitor light during working hours
o Minimizing the use of outside air
• Providing Security
• Supervising Personnel
o Hire and train staff
• Maintaining Property Insurance
Management Plan
• Get owner’s objective and assumption
• Provide continuity if a property manager is transferred or
leaves
• Provide a framework in writing
• Regional and Neighborhood Analysis
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