Thursday, 11 February 2016

How to Find the Answer to a Burning Question About Your Property Manager: Where is My Money?

 Book Review

A practical tool for a Property Management Audit and Self-Audit, this eBook provides a checklist and user guide to cover the key areas of Property Management Services. This tool supports Property Owners and Asset Managers in their assessment of the performance of their Property Manager and the possible, in most cases quantifiable, impact of the quality of service.
The tool also allows an internal auditor to take the outside in view and thus supports quality control for managers responsible for running property management businesses or internal departments of investment corporations.The checklist can be applied to all property asset types, residential, office, retail and any other rented property. Some details are focused on the German and especially the Berlin property market but this does not disturb the general usability in other regions.
The guide explains in detail the intention of the questions and demonstrates the relevance through some real life case studies. The author highlights the consequences of “just letting things take their course” and shows the impact of a legal structure called “Statute of Limitations” and how it applies to the owner – property manager relationship. The exclusion periods vary in different countries but the general fact is present in most legal systems.
It would be a mistake to view this list purely as a raised finger: Caught You! For a successful operation and positive development of a property a structured communication between the owner and the property manager beyond the monthly reports is very much needed. This tool helps to cover the important areas and forces the owners to clearly formulate their expectations.
The eBook also contains a link to download a complementary electronic version of the Property Management Audit Checklist without commentary.

The eBook is available on Amazon, click the link to get to teh download page.

 You might have to change to the shop of your county.


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