05 November 2012

Real Property Management

Investment in real property requires a good property management and professional. Real property management is a process that tries to maintain or even increase the value of the investment. This process as well as generate revenue for the owner of an investment by monitoring aspects of financial, physical, and administration of the operation and maintenance of real property.

In general, real property management carried out by a manager who
is at top management, which holds the key to the control and responsibility
managing a property.

In order to achieve the objectives of property owners, property managers need
carry out the functions of a real property management, as follows:

1. Management planning (management plan).
2. Make a budget.
3. Shows and renting property. Function renting property can be classified in several stages: setting rental rates, collecting prospective tenants and do the selection of tenants, and negotiating and making lease.
4. Billing rent.
5. Maintaining good relations with tenants.
6. Prepare maintenance schedule property.
7. Save energy.
8. Procurement of security.
9. Supervisory personnel.
10. Finance insurance of the property.
11. The environment around the property.



When explored further, real property management are closely related to three articles / papers written by several authors. In one article it was clear that the planning function of management property management related to assessment practices, because before it can increase the value of the property is necessary for the assessment accuracy set the value of existing properties.

Later in the article the two management functions of real property management widely influential in determining rental rates of apartment properties, especially increasing property values ​​due to the provision of various facilities, services, and external factors. Of course real property manager must analyze beforehand the benefits to be gained by providing a variety of things as well as its influence on the determination of the managed apartment rental rates.

For the third article, the function handling environmental concerns, especially in the real property's location and the surrounding area helped influence the pricing of property condo. Property managers need to pay attention to this because it indirectly influential in building the image of the property which in turn can increase or decrease the value of the property if it is not addressed.

Judging from management functions above shows that the role of real property management is so large in maintaining and improving property values. Therefore the overall management functions of this real property management if played properly and professionally by the property manager, the property manager can support tasks in achieving the objectives of the owners of real property as directed and sustainable.

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