【文章內(nèi)容簡介】
aging their properties. Property managers who are lacking or sharing administrative assistants, or who are assigned additional duties like leasing, accounting tasks and tenant improvement supervision, will have less time to manage properties. If this is the case they should be assigned fewer properties to manage. Even so, the ine from transactions and tenant improvement supervision often far exceeds the ine generated by assigning one or two more properties to a property manager39。s portfolio. The level of service provided by the property management firm is also an important variable that should be analyzed. All property owners do not need the same level of service. Institution owners require a higher level of service than local owners who visit their property regularly and do not need sophisticated accounting reports. In fact, the local owner will prefer to pay a lower fee for a lower level of service. The final variable panies should take into account while doing their assessment is the experience and capabilities of their property managers. Experienced property managers can manage a larger or more challenging portfolio than a neophyte. Firms should develop two ranges of points their property managers can manage, one for the experienced manager and the other for the entry level property managers. The work habits and efficiency of the property manager will also determine the number of properties he or she can manage. Does the property manager have transaction experience leasing, refinancing or selling properties? Can the property manager supervise or coordinate tenant improvements? These and other skills will determine which properties and the number of properties a property manager can manage. ANALYZE THIS After assessing the management pany, a rating system is then developed for each property and its management activities. Each pr