INTRODUCTION

WELCOME TO MY BLOG, LET SHARE KNOWLEDGE TOGETHER

In general, property management is regarding how to manage a property. It can be classified into two type of property which are residential property (condominium, apartment) and commercial property (cinema,shopping center, retail store,petrol station).

MEANING OF MANAGEMENT

When we talk about property management. Its involves theory of management. Management in general is universal especially in the modern industrial world. As it can be understand as every organization requires management in order for making decision, coordination of activities, handling of people and evaluation of performance that directly toward a group of people.

The word 'management' itself identifies a special group of people whose job is to direct the effort of the other people through an activities to archive objective.

As management theory also involving method of procedure, goals and objective.

ROLE OF A MANAGER

1. The interpersonal role where manager is a symbol of a team, it is also a figurehead for a team. Thus, he/she may have to serve as liaison between outside contacts such as contractors.

2. The information role where manager have like to be a monitor and spoke person in a certain property management organization.

3. The decision role where manager have to be an entrepreneurs to make decision on anytime or anywhere.

Property Management

MALAYSIAN PROPERTY MANAGEMENT STANDARD

Currently only a registered valuer can practice as a Property Manager. The property manager ensures that the owner gets the best returns of his property investment. He also ensures that the building is well maintained, the building services well looked after and all expenses paid. He is able to optimise usage and enhance the investment in property. He advises on lease renewals, selection of quality tenants and the appropriate tenant mix.

According to Singh, property management is an activity that seeks to control interests in property. Taking into consideration the short and long term objectives of the property owners and particular purpose from the owner.

In general, a professional property management describe the major functions of property managers including their legal and interpersonal concerns and their everyday issue regarding maintenance, accounting, administrative and other activities.