Applied Property Management and Project Planning

At the end of this course, students should be able to: 1. undertake property management tasks involving agency inspections, inventorization, tenant selection, rent collection and general management of landlord and tenant relationships; 2. manage complex buildings and its facilities to ensure a controlled and comfortable working and living environment; and 3. render Project management services to clients.

Development and re-development process. Property management in relation to social, political, economic, physical and location aspects. Property management process – strategy of estate owners and choice of alternative to achieve owner’s objectives. Estate-cycle and problems of obsolescence. Principles of estate management applicable to management of public and private estate, new towns, expanding towns, local authority redevelopment area. Implications for estate management of legislation pertinent to relationship between the landlord and tenant. Marketing and agency: legal positions of principal and agent; methods of sale promotion, selling market segmentation; market research, market planning, total project management. Parties involved in property development. Data and information for property development. Sources of finance and funding arrangements for development. Feasibility Studies – residential/commercial properties. Effect of government policy in development process with emphasis on land policy implications. Management of institutional housing and commercial estates: principles, procedures, and problems. Rule of thumb in real estate practice. Common scheduling tools, including critical path method and bar charts as an aid in project planning, budgeting, and cost control. Also introduces the gathering, processing, and evaluation of project information for effective project control.