...PROPERTY MANAGEMENT ASSIGNMENT AN ASSIGMENT ON FACILITIES MANAGEMENT [pic]NAME OF THE STUDENT: NAME OF THE MODULE: MODULE CODE: SUBMITTED TO: DEPARTMENT: NAME OF THE UNIVERSITY: YEAR: TABLE of CONTENTS 1. INTRODUCTION: 5 2. BODY OF THE CURRENT TOPIC: 6 2.1 The Key Issue of Facilities Management: 6 2.2 Strategic function of Facilities Management: 6 2.3 Role of Facilities Management in Property Management: 7 2.4 Facilities Management in the direction of Financial Resource Trial: 8 2.5 Role of Facility Manager in Property Management: 8 2.6 The Evolving Role of Facility Management: 9 3. CONCLUSION and RECOMMENDATION: 10 LIST OF FIGURES Figure 1: ROLE OF FACILITY MANAGER IN INTEGRATED INFORMATION SYSTEM. SOURCE: El-Haram and Agapiou, (2002). 10 Figure 2: USE OF CAFM SOFTWARE IN PROPERTY AND FACILITIES MANAGEMENT. SOURCE: http://www.manageengine.com/products/facilities-desk/. 11 ABSTRACT The current assignment aims to provide relevant information to the readers regarding the concept of facilities management, its role in property and real estate corporations, its strategic functioning and the key issues which are taken care by it. Amongst the key issues, several concepts like safety and security, cost cutting, maintenance is of prime importance in the property handling. Until now people have been more concerned with the property management issues but they haven’t really focussed...
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...COMPANY PROFILE Mr. Superior is a limited liability company. We are hired to handle the daily unwanted situations or problems that occur in your house. Mr. Superior provides superior consulting services for managing the implementation of Property Management Systems in the retail industry, serving both the domestic and international sectors. Our goal is to exceed the expectations of every client by offering outstanding customer service, increased flexibility, and greater value, thus optimizing system functionality and improving operation efficiency. Our associates are distinguished by their functional and technical expertise combined with their hands-on experience, thereby ensuring that our clients receive the most effective and professional service. Exceptional functional and technical expertise coupled with extensive industry knowledge makes us the ideal choice for a consulting firm to manage the regular household chores. Company Name : Mr. Superior Company Type : Real Estate Management Company Address : House #162, Road #11, Pallabi, Mirpur DOHS, Dhaka Corporate Status : Limited Liability Company Services we offer : Corporate Real Estate management services Business Type : Service Provider Geographic Markets : National No. of Employees : 25-50 STRATEGIC FOCUS & PLAN OF BUSINESS Our Mission: The mission of Mr. Superior is to provide high quality facilities and solutions of any kind of household problems and an excellent living...
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...SDSS. This is important since the real life is not static and ever changing and the future is highly uncertain and all the decisions that are made today are for the future. Accordingly, it is required that the decisions made today must be robust so as to be able to meet the challenges of the future turbulences to the extent possible as desired by the decision maker. 6.1. Parameters to Be Estimated There are various classes of factors that are relevant for real estate management and these have been classified in Chapter 5. The process by which all these factors affect the price of a particular real estate property can be very complex. Nevertheless one is required to forecast the price of a property from time to time. If one assumes that the actual price of a property ultimately reflects the combination of all these factors then one can consider prices of a property as the resultant time series process. As we have seen in Chapter 4, the hybrid model for forecasting price of a particular real estate property describes this process very well. However, one still needs to be sure whether the decision made based on the application of this hybrid model is robust. This requires the study of all qualitative tangible factors that are desirable to be considered....
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...Real Estate Management Business Plan MSN Real Estate Executive Summary MSN Real Estate (MSN) is an Oregon-based real estate company that will offer benchmarked rental units for the Eugene, Oregon community. MSN's units will balance safety, cutting edge features, and a positive atmosphere for all tenants. These rentals will be provided with unmatched levels of customer service and attention. Sales are projected to be substantial in year one growing moderately by year three. The Market MSN will target three distinct customer segments. The largest segment that they will service is University of Oregon students. This segment is growing at 7% a year with 18,000 prospective customers. This segment is especially attractive since most of the local rental properties that are geared toward students are run down, poor quality units. The second market segment is local professionals who are increasing at 4% and have 12,000 potential members. The last segment is faculty and staff of the University. This section has a 5% growth rate and 6,000 potential customers. Strategy MSN will initially focus their efforts on buying and developing existing properties. Once the properties are purchased, each unit will be hard wired with Internet access, state-of-the-art amenities will be installed, and safety measures will be implemented ensuring a cutting edge, safe environment. This course of action will be initially pursued as a way to efficiently utilize capital and establish a reputation...
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...“Facility Management” is as like as to “Property Management” but usually applied to sizeable or commercial properties where the management and operation is more complicated. The International Facility Management Association defines facility management as a profession that encompasses multiple disciplines to ensure functionality of the buit environment by integrating people, place, process and technology. The facility Management responsibilities are covering a wide range of function and support services likes security, property or building management, engineering services, accounting, postal, computing, information technology system,, staff safety and other supportive duties. Therefore, in business, Facility Management means the management of managing both buildings and services. The services are divided into “hard services” and “soft services”. Hard services including those things like to ensure the building air conditioning is operating in safe and stable mode. For examples, Plumbing and water-works, Spatial planning, Civil and Structural engineering. On the one hand, Soft services including those things like to ensure the building is cleaned and have a regular repair checking with the service contractors says Team-building, Time management. Facility Management is basically a property-based discipline, the objective is to achieve the following operation efficiency. For examples: (i) Property – Maximize the value and minimize risks for those Swire properties (ii)...
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...I.INTORDUCTION 1. History, Ownership, Management, Culture, Organizational Structure FPD Asia Property Services, Inc. trails back its history in 1990 when it was first established by a Hong Kong-based group as First Pacific Davies Property Management, Inc., the first company to introduce the concept of professionalizing property management in the Philippines. In 2000, the company merged with Savills, a UK-based property services group, and became FPDSavills. In 2005, the company became a wholly-owned Filipino company and became what it is known today – FPD Asia Property Services, Inc. In accordance with our ISO 9001:2008 and 14001:2004 certifications, FPD Asia adheres to its Quality, Environmental, Health & Safety Policy — In fulfilment of the vision to be the premier property services company in the Philippines, FPD Asia Property Services, Inc. is committed to provide client satisfaction while promoting a green environment in a healthy and injury-free workplace. Thus, we shall be: * Focused in fulfilling the needs of our present and future clients by providing high quality and cost-effective property and facilities management services in accordance with international standards; * Persistent in promoting, establishing and maintaining the QEHS management system by continually reviewing the set objectives, targets, and programs while complying with applicable legal and other requirements; and * Diligent in communicating this policy, applicable QEHS systems...
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...position as a Real Estate Broker successfully working with home buyers and sellers to profitably list and sell homes while ensuring positive experiences for everyone involved. KEY SKILLS * Target-oriented approach. * Self-motivated and a hard worker. * Extensive knowledge of estate administration and management. * Excellent promotional and advertising skills. KEY SKILLS * Target-oriented approach. * Self-motivated and a hard worker. * Extensive knowledge of estate administration and management. * Excellent promotional and advertising skills. PERSONAL SKILLS * Excellent written and verbal communication skills * Highly organized and efficient * Ability to work independently or as part of a team * Proven leadership skills and ability to motivate PERSONAL SKILLS * Excellent written and verbal communication skills * Highly organized and efficient * Ability to work independently or as part of a team * Proven leadership skills and ability to motivate EDUCATION Bachelor of Science in Real Estate Management (2004 - 2008) *** University EDUCATION Bachelor of Science in Real Estate Management (2004 - 2008) *** University ACHIEVEMENTS/RESPONSIBILITIES * Awarded Highest Gross Sales in a Month for New Broker in 2011 * Developed close relationships with area realtors, boosting referral network and promotion of neighborhoods and builders...
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...file and import, select your author preferences and click "Download and import file attachments". All the content from the demo theme will be on your website. Setting Permissions Make sure the following folder have "write or 777" permissions for authors and specific images thumbnail creation: /cache/ (located within the theme) Image Size Image sizes are defined by default in Real Agent theme but you also need to setup your "Media" settings in the WordPress administration to tell WordPress to resize all your images to the correct size for the theme. Click on "Settings-->Media" Tab and add the following values to the 3 image sizes: Thumbnail: 150x150 Important! Medium: 300x300 Large: 1024x1024 If you have properties already uploaded, setup up the image sizes and use the free "Regenerate thumbnails" plugin created for this purpose after setting your media size and all images will be resized to the new...
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...illegal behavior is to adopt a code of conduct. The code of conduct is contingent upon the industry in which a company operates, but no matter what industry that is, the organization must recognize the laws pertaining to them and ensure that all employees are in compliance. I’m seeking to establish a code of conduct for my property management company. The property management industry is closely related to the real estate industry because it usually involves the purchase of commercial or residential real estate. The property or properties are usually occupied by tenants who require its owners to maintain their investment and to ensure tenant relations are given considerable attention. Property managers can be owners of the properties they manage or act as third-party managers for owners of real estate properties. Third-party management groups are paid based on a management fee charged to the owner for maintaining the upkeep of the property, employee and tenant relations. Property management groups are also responsible for providing the owners and/or investors with accurate financial information in relationship to how the property or properties are performing. Due to the fact that this a customer/client oriented business, it is very important to establish a code of conduct that clearly defines how this company should act and what they are responsible for doing. Establishing a Code of Conduct The first thing to consider when establishing a company code of conduct...
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...Financing Residential property The country’s mortgage practices are based on promissory notes. In this case, real estate developers give a written promise to repay their loans and as a result, they receive funding from financial institutions. This is guided by the Negotiable Instruments Act, 1881 in its Section 4. Both domestic and foreign investors in India have the qualifications that they must meet in order to receive loans. In general terms, one is required to be over 21 years of age. For foreigners, they should not be over 60 years (Palande et al. 41). Other requirements depend on individual financial institutions. There are no specified mortgage rates. For instance, the rates depend on the financial institutions and the policies that they have in place. The rates for women, for instance, are lower than that of men. However, the rates range between 10 % and 11 %. The rates for foreign investors are also higher when compared to the domestic borrowers. Essentially, the primary market is concerned with raising fresh capital in form of debentures and shares. In India, this market is crucial as it accelerates economic and industrial development. Secondary market, on the other hand, refers to the market where the securities that were issued previously are bought and sold. This can only be achieved through stock exchange mediums. It creates liquidity in securities. India’s mortgage originators and investors are the loan providers who mostly involve themselves in the insurance...
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...land, including all natural attributes as well as man-made improvements of a permanent nature placed on the land thereon such as buildings. A real estate agency is a firm whose work is to bring together a buyer and seller or even landlord and tenant. The property being exchanged in this case refers to apartments, houses, office space etc. Details availed to clients include size of the property, location, available services, cost and payment plans if any etc. Setim Real Estate Management is an agency located at Westland. It currently uses a manual data entry system as well as manual processing of data. This involves handling volumes of documents stored in different cabinets. The documents contain information from owners of houses of houses for sale or rent. The process begins with, all the information of the apartment property is put onto the database and when a suitable client comes to the firm he is provided with the details of the property. If the client likes the property, the agency marks the property as booked for rent and this is reflected in the database. 1.2 Problem statement In Setim Real Estate Agency the managers are responsible for the appraisal process in various operations such as recording new property details, new buyer details and also new seller details. The appraisal process is done manually by supervisors or mangers filling out forms on the work performance of certain employees whereby the forms mostly in paper and in a few cases in Microsoft Word...
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...(a) Question: Using the Strategic Management model discuss its application in a certain organization in Kenya that deals with projects. Strategic Management Model Definition: Strategic management is an ongoing process that evaluates and controls the business and the industries in which the company is involved; assesses its competitors and sets goals and strategies to meet all existing and potential competitors; and then reassesses each strategy annually or quarterly [i.e. regularly] to determine how it has been implemented and whether it has succeeded or needs replacement by a new strategy to meet changed circumstances, new technology, new competitors, a new economic environment., or a new social, financial, or political environment.” Types of Strategic Management Models • Basic strategic planning model • Alignment strategic planning model • Goal-based or issue-based strategic planning model • Self-organizing or organic strategic planning model • Scenario strategic planning model Organization The organization chosen is Acorn Properties Limited, which is a limited company, incorporated in Kenya with its head office in Nairobi. Acorn is a real estate investment company offering solutions that range from project management to development and acquisition partnership in the Kenyan real estate sector. The company uses a combination of Goal-based or issue-based strategic planning and Alignment Strategic Planning model. Contents of their strategic plan 1. Company’s...
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...Co-ordinator Service: Facilities and Property Management Section: Facilities Management Grade: G03 (Subject to Job Evaluation) Reporting to: Senior Facilities Coordinator Direct Reports: Facilities Assistants and Cleaners Job Purpose: Co-ordinate the delivery of an efficient and effective integrated facilities management service across various allocated Council/ Partner premises in order to assist with the promotion, delivery and integration of the Council`s key objectives; specifically in relation to the Community Plan, Shared commitments, Single Outcome Agreement and Best Value. A. Area of Responsibility 1. Co-ordinate and supervise the delivery of property, maintenance and security related tasks across various serviced premises ensuring all activities are carried out in accordance with established procedures, agreed guidelines, risk assessments and regulations. 2. Co-ordinate and supervise the delivery of planned and unplanned cleaning services across various Council / Partner premises ensuring the agreed task schedules and Service Level Agreements are achieved. 3. Monitor the delivery of services carried out by the Facilitates Assistants and Cleaners across various premises ensuring all activities are completed in accordance with Service Level Agreements. 4. Assist with the implementation of service initiatives and improvements related to the operational delivery of Facilities Management Service tasks and activities within the allocated...
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...PRACTICING PROJECT MANAGEMENT AT SOUTHERN MANAGEMENT CORPORATION (SMC) Management of Information Programs and Services Project Report To study and identify key areas of focus in the business management model currently used at the Southern Management Corporation Hitesh Gupta | Lester Pereira | Prannoy Banerjee Table of Contents 1. Executive Summary………………………………………………………………………………………………………………….4 2. Introduction…………………………………………………………………………………………………………………………….4 3. Problem Statement………………………………………………………………………………………………………………….5 4. Objective………………………………………………………………………………………………………………………………….6 5. Scope………………………………………………………………………………………………………………………………………6 6. Methodology……………………………………………………………………………………………………………………………7 7. Data Analysis and Summary of Key Findings…………………………………………………………………………….8 7.1 Interviews………………………………………………………………………………………………………………………………....8 7.2 Information of the Organization………………………………………………………………………………………………….9 7.3 Organizational Structure of the Corporation……………………………………………………………………………11 8. Major Issues………………………………………………………………………………………………………………………….11 9. Recommendations………………………………………………………………………………………………………………..12 10. Conclusion…………………………………………………………………………………………………………………………….17 References………………………………………………………………………………………………………………………………………….18 Attachments……………………………………………………………………………………………………………………………………….19 Executive Summary: Management practice relies upon case studies and the individual experiences...
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...31, 2013 The type of product the company offers is property management. The primary characteristics of property can include but isn’t limited to any one area. The property management company is the property owner’s partner. It is the job of the company to maximize the return on the investment of the property. There are four primary characteristics of property management they are; marketing and financial, tenant and occupancy, facility management, administration and risk management. (Pandi 2005) A property management company acts as a liaison between the owner or landlord and the potential tenant or potential buyers. (Olson 2012) Marketing and financial involves the understanding of operating expenses, and budgeting. From this information, appropriate rental rates are set and balance by the current market. Tenant and occupancy includes knowing what the tenant wants. Getting tenants to move in is only the start of things. The property manager must respond to request of the tenant, monitor their activities. (Pandi 2005) They are also responsible for lease agreements and collecting rent in a timely manner. They are also responsible for evictions for non-payment. This means that the company also needs to have some knowledge of the law on a state, county and city level. (Olson 2012) Facility management is another part of property management. Facility management is the management of the structure of the building itself. This can include landscaping...
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