What are the skills of property management?

Through property management, property owners or investors can not only preserve the value of their properties in the process of operation and use, but also realize value-added. This is the expansion of property management from traditional property operation management services to strategic property asset value management.

Real estate assets usually occupy a considerable proportion in enterprise assets, and its management has a vital impact on the cost and income of enterprises, the return of shareholders and the smooth development of the main business of enterprises. Therefore, enterprise real estate asset management and property manager play an increasingly important role in enterprise management decision-making.

Property management, also known as asset management, refers to meeting the owners' goals. Comprehensive use of the technologies, means and modes of property management, facility management, real estate asset management and real estate portfolio management, aiming at profitable properties, to provide owners with comprehensive management services throughout the life cycle.

Property management breaks through the limitation that traditional property management activities are limited to "maintenance and management of houses, supporting facilities, equipment and related sites", and emphasizes providing value management services for owners to meet the needs of their property investment income or enterprise development strategy and main business development goals.

Property management activities include not only management to ensure the normal use of the property, but also capital investment decision-making, marketing, lease management, cost control, property value and business performance evaluation. It regards real estate as a profitable asset. Profitable properties such as office buildings and retail businesses can create profits and returns for owners or investors through property management activities, just like ordinary industrial and commercial enterprises.

Property management is not a specific professional field, but the result of continuous expansion, intersection and integration of property management, facility management, real estate asset management and real estate portfolio investment management with the change of market demand.

The management objects of property management activities are usually profitable properties, mainly including office buildings, retail commercial properties, rental villas and apartments, industrial properties, hotels and leisure and entertainment facilities. These profitable properties are usually rented to tenants (also called lessees), who can get regular rental income and are the main material carriers for real estate investment trusts and institutional investors to invest in commercial real estate.

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