This website uses cookies to ensure you have the best experience. Learn more

Property Management Essay

1135 words - 5 pages

Property Management

Can anyone here tell me what the role of a property manager is?

Madam Toastmaster, ladies & gentlemen.

My name is ____________ and I am currently employed as a property manager at a local real estate agency. I manage almost 300 rental properties and have a great team backing me up

Tonight I would like to share with you a very small part of what is involved in property management. While my responsibilities vary from property to property, I have to maintain a few basic skills such as good time management, good people skills and an eye for detail. When you are looking after almost 300 properties, these skills are essential.

I would like to talk to you ...view middle of the document...

I meticulously check all the information they have provided. One of the most important pieces of information is their in considering a new tenant is their rental history. If the last real estate agency had to constantly their rent payments, or was constantly finding them breaching their lease agreement, what would be different now? I also need to determine if they have been listed on the Tenancy Information Centre of Australia also known as TICA. TICA is the largest tenant database operating throughout Australia. By using the TICA system I am able to enquire if a tenant applicant has previously defaulted on their rent.
If everything checks out and I am happy with the application, I contact the owner, run through the application with them and let them make the final decision.


An entry condition report reflects the condition of the property when the tenant commences their lease. I must do a comprehensive report outlining the condition of the property including floor coverings, walls, ceilings, external areas and items, working order and model of inclusions. It is here that an eye for detail is crucial. The tenant taking on the property is needs to agree or disagree with my report. If the tenant disagrees, for example the oven doesn’t work, I need to be notified straight away so that repairs can be organised.

An entry condition report is a vital step to maintaining the premises in good condition. I must be extremely thorough with this report, as it is relied upon heavily at the end of the tenancy when it comes to refunding the bond or if there has been a problem, attending the small claims tribunal.

The tenant has a period of 3 days make any adjustments, sign and return the report. As I explain to the new tenants, this piece of paper is potentially worth the value of their bond. It is expected that once they have vacated the property, short of fair wear & tear, the entry condition report is the same as the exit condition report.

It is critical that when the tenant commences their lease they know, and fully understand, what they are signing, along with the responsibility that come with being a tenant.


Managing tenants effectively and understanding their needs...

Other Papers Like Property Management

Contracts and Property Law Essay

754 words - 4 pages responsibility lies with each individual and warrants familiarity and engagement of appropriate risk management starting at the lowest level possible and eventually dispersion throughout the organization. References Cheeseman, H. R. (2013). Business Law, 8th Edition. [VitalSource Bookshelf version]. Sinha, R. (2014). Real versus Personal Property. Retrieved from VERSATA SOFTWARE, INC. v. Callidus Software, Inc., No. 2014-1468 (Fed. Cir. Nov. 20, 2014).

Mirav Property Analysis

790 words - 4 pages 528 residential lots, including grouped housing site * Directors of Mirvac Funds Management Limited is the responsible persons of the Mirvac Development Fund - Seascapes * Managed by Mirvac Western Australia. Including the development and sale stages of the project. (ii) Details & current value of the property portfolio The property consists of the development of 528 residential lots on a 48 hectare parcel of Land. The land


1365 words - 6 pages DISCUSSION BOARD FORUM 3 CASE STUDY Topic: Property Barney has finally decided to retire after many years on the job as a deputy in a small North Carolina town and as a detective in the “big city” of Raleigh, NC. Though Barney sometimes appeared to be a bumbling law enforcement officer, it turns out that he was a dutiful saver and a shrewd investor who now owns an interest in a second home on the North Carolina coast as well as some prime

Property Rights of a Partner

4775 words - 20 pages PROPERTY RIGHTS OF A PARTNER Art. 1810. COMMENT: Property Rights of a Partner (a) Example of “specific partnership property”: A and B each contributed a car for the partnership. The two cars are specific partnership property. (b) Example of “interest in the partnership” — the partner’s share of the profits and losses (without mentioning any particular or specific property). (c) Note that the right to participate in the management is a very

Ethical Violation of Privacy and Property

779 words - 4 pages , information forms an intellectual capital. However, the building of intellectual capital is vulnerable in many ways like ethical violations of privacy or property. The social contract among people in the information age must deal with these threats. Privacy What kind of information can be shared with others? What information should one be able to keep strictly to one's self? These are among the questions that a concern for privacy raises. Two forces

Property Plant and Equipment and the Financial Statements

2407 words - 10 pages of its reports for the company. This report’s purpose is to identify whether Fairfax Media Limited has complied with the Conceptual Framework in terms of recording financial information that is in line with the qualitative characteristics. It also focuses on the point of whether the property, plant and equipment disclosure complies with the disclosure requirements as outlined in AASB116. Part A: General purpose financial statements is a

Communicate with Property Clients as Part of Agency Operations

3295 words - 14 pages outcomes are achieved or “not yet competent” if not. If a result of “Not Yet Competent” is achieved you will be given the opportunity to resubmit your assignment. Your Task This task is designed for you to demonstrate your understanding of the core legal and ethical requirements associated with property management. This includes awareness of the legislation dealing with the leasing and management of property, the role and responsibility of

Communicate with Property Clients as Part of Agency Operations

3294 words - 14 pages outcomes are achieved or “not yet competent” if not. If a result of “Not Yet Competent” is achieved you will be given the opportunity to resubmit your assignment. Your Task This task is designed for you to demonstrate your understanding of the core legal and ethical requirements associated with property management. This includes awareness of the legislation dealing with the leasing and management of property, the role and responsibility of

Defining Property

847 words - 4 pages when I hear the RIAA and MPAA accusing people of stealing music and movies. It sounds ridiculous to us to treat smells as property. But I can imagine scenarios in which one could charge for smells. Imagine we were living on a moon base where we had to buy air by the liter. I could imagine air suppliers adding scents at an extra charge. The reason it seems ridiculous to us to treat smells as property is that it wouldn't work to. It would work

Property Crimes

1079 words - 5 pages Property Crimes and the Criminals Behind it History of Theft Theft is not unique to modern times the theft of personal property has been known throughout history. The crusades of the eleventh century inspired peasants and downtrodden noblemen to leave the shelter of their of estates to prey upon passing pilgrims. Crusades felt it was within their rights to appropriate the possessions of any infidels Greeks, Jews, or Muslims they happened to

Property Crimes

3451 words - 14 pages CASE 49: PROPERTY CRIMES I. Executive summary The focus of this study is the examination of the data provided by U.S government agencies. Our analysis revealed that of the eight possible contributing factors, only three variables (namely, urbanization rate, high school dropout rate, and population density) affected property crime rates. Our data analysis model accounted for approximately 66% of the factors contributing to property crimes

Related Essays

Intellectual Property Essay

1600 words - 7 pages launch would be ideal. My goal is to avoid future e-commerce legal problems by planning a legal risk management strategy and implementing industry best practices. My understandings of the issues are documented below. Please be prepared to clarify any misunderstandings I may have during our meeting next week. Issue 1. Types of intellectual property applicable to e-business Wikipedia (2006) describes intellectual property as ¡§a legal entitlement

Property Assignment

3311 words - 14 pages Introduction to Property Law: Coursework Assignment Mon, 11 July, 2011 Word count - 2380 1 (a) With regards to the European Court of Human Rights decision in J.A. Pye (Oxford) Ltd v. The United Kingdom (Application No. 44302/02) 30 August 2007, and the Court of Appeals decision in Emmanuel Ofolue v. Erica Bossert [2008] EWCA Civ 7; discuss the extent to which the provisions of the European Conventions on Human Rights and the

Property Rights Essay

2408 words - 10 pages 508 (4) MVSK 2.30 to 4.30 (22, 23) 506 SK (11, 12, 13, 14) 9.30 TO 1.30 508 (4) MVSK 2.30 to 4.30 (22, 23) SUNDAY SUNDAY MBA(IB) Code MBA(IBF) FACULTY PW LW TOT Code Subject Cre 2 2 3 3 2 3 3 FACULTY PW LW TOT Code Subject MBA(GLSCM) Cre 3 2 3 2 2 3 3 FACULTY PW LW TOT SUBJECT Cr. 2 2 2 2 501 International Business Strategy 502 Business Ethics 503 Intellectual Property Rights 504 International Commodity

Property Finance And Tax, Cromwell Property Group

4151 words - 17 pages at $620 million. Currently Cromwell’s assets are predicted at over the 1.3 billion dollar mark and are spread out over all states of Australia. Originally only specialising in property investment, the Group now managers property assets, developments and projects and fund management activities carried out by the company and its wholly owned subsidiaries. Regarded as the 17th largest company in Queensland and 190th in Australia about 70% of