· This
course will give you the skills to evaluate economic theory within the real
estate and construction markets, and how to create and apply alternative
approaches to market analysis and evaluation.
· The
course will also develop your ability to evaluate and analyse how the real
estate and construction professions operate and interact within the industries.
· Analyse
economic concepts relating to real estate and construction markets
· Evaluate
the market structure of the industry.
· Debate
the economic and social importance to the general economy and society
· Identify
and analyse industry-wide problems based on an understanding of the market
structure, performance and behaviour of the industry.
· Demonstrate
the participants understanding of the basic knowledge, personal attributes and
competencies that will be required to develop a career in the property
management;
· Develop
practical skills of the way facility, estate and property management companies
operate
· Possess
intellectual skills to apply a professional approach to meeting the corporate
and client needs of this industry sector and also to inspire them for further
studies in facility and property management.
· Those
who are seeking a highly skilled profession in real-estate market.
· Who are working in this field and need to improve
themselves to get a better performance
· Who
want to enter the real-estate market carrying with themselves a solid academic
foundation
· Participants
working in the corporate and commercial real estate and facilities
Introduction to Property Management
· History
of the profession
· Recognize
the changes and movements among the general business economy, the real estate
economy, the rental market, and their relationship to property management.
· Describe
the three basic tools and their criteria that the property manager
systematically uses to collect data for formulating the management plan.
· Differentiate
the procedures used in preparing a management plan and explain the importance
of each procedure.
· Describe
the various methods the property manager employs in meeting the owner’s
objectives and in achieving the optimum financial position for the property.
· Explain
the reason for considering ‘communication’ as one of the biggest problem in
property management.
· Describe
the position and the role of a property manager.
· The
reasons for maintaining good public relations and how a property manager can
win the trust and confidence of others.
· Identify
the effect of communication failure and the importance for effective
communications.
· List
the different forms of communications and their respective roles.
· Identify
the authority that is signified by a lease and the importance of a written
agreement.
· Distinguish
the three types of leases and their variations.
· Identify
the six basic elements of a lease and elucidate the conditions and rationale
behind each procedure.
· Identify
the two groups of lease provisions and the purpose of their respective clauses.
· Identify
the main purpose for having insurance and describe the differences between
condominium and co-operative insurance.
· Recognize
hazards and their relationship/effects to the named insured.
· Identify
the types of insurance available.
· Identify
additional hazards.
· Understand
the cost of insurance.
· Study
an example of co-insurance.
· Identify
possible actions after a loss has occurred.
· Identify
the factors that need to be considered in determining tenant policies.
· State
the proper procedures for assessing potential tenants.
· Learn
how to properly inform the tenants.
· Identify
the factors involved in tenant improvement and the tenant turnover.
· Describe
the procedures involved when there is illegal use or damage of the property.
· Describe
the procedures involved in dealing with tenant complaints and tenant unions.
· Describe
the procedures involved in tenant subletting and moving.
· Describe
the advantage of maintaining good tenant relations.
· Identification
the three approaches to value for arriving at a final estimate and explain the
subjective nature of the approaches and now the most appropriate and impartial
method.
· The
procedures required in the income approach method and the conditions and
rationale behind each procedure.
· The
critical role a budget plays in achieving an understanding between a building
owner and the manager.
· Describe
why the Monthly Cash Flow Budget is superior over the other four forms of
budgeting for forecasting the property’s income.
· The
procedures required in the preparation of a budget and elucidate the conditions
and rationale behind each procedure.
Receipts
and Disbursements
· Acquire
a keen awareness of the importance of regulating and recording of income and controlling
expenses and describe the relationship between the unit and the factors
concerning rental payments.
· Explain
the need for an effective system of control for miscellaneous receipts,
security deposits and state the reasons behind for having collected money in
separate accounts for each property.
· Describe
the steps involved in the purchase of supplies, materials and services and the
reason for taking this approach.
· Identify
the different types of payment a property manager would encounter and the responsibilities
a property manager has for each type of payment.
· Describe
the three types of salary and the proper documentation for payroll.
· Explain
the importance and necessity for having reserve funds.
Condominiums and Co-operatives
· Define Condominium and the advantage of a
condominium.
· Distinguish
the different types of condominium.
· State
the advantages of a condominium over a rental unit and a traditional house.
· Define
the roles of the Declaration, the Bylaws, and the Unit Deed of the governing
documents.
· Identify
the advantages and the disadvantages of a cooperative ownership.
· Describe
the role of the Board of Directors and their responsibilities.
· Attain
a better understanding of the different roles and functions of management.
· Identify
the key information that sellers need to be aware of when selling off-plan
properties, hotels, serviced apartments, shopping malls and other special
purpose properties
· Identification
the essential contract clauses for selling properties, hotels, serviced
apartments, shopping malls and other special purpose properties
· Understand
how to analyse and collate the necessary real estate information when selling
property
· Identify
the sales strategy relevant to your property purpose
· Learn
how to adjust your sales technique to match the property
· Identify
the importance of planned preventive maintenance.
· Identify
the relationship between building energy use and the building components.
Describe a typical maintenance checklist.
· Identify
what is involved in the Energy Audit and Analysis.
· List
and describe the importance of monitoring and feedback in the implementation of
energy conservation.
· Identify
the specifics involved in maintaining the building’s mechanical systems and the
building components.
· Identify
the different levels of management.
· Describe
the five areas and the four basic skills of supervision.
· Identify
the factors that contribute to successful supervision.
· Identify
the planning procedures and the practical tips for effective delegation and the
steps involved in decision-making and problem solving.
· Identify
the factors that are effective in motivating employees
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