Property management is a service delivery function to take good care of buildings. These services are provided to ensure that the building is in good repair and condition. Such services include maintenance, insurance, financial management, negotiation with tenants, and more. Generally, when a management corporation cannot assume the responsibility of managing a building, for example, housing or a commercial complex, it will appoint a managing agent. This property management company has the professionalism to carry out the work of managing the building. Property managers have the skills of space management, risk management, human resource management, financial management, building maintenance, etc.
In Malaysia, there is a need for property management. Many cases show that many buildings that have the title of strata, for example, condominiums and apartments, are having a lot of problems, especially regarding maintenance and financial management. This is because the Management Company or the Mixed Management Bodies cannot manage the building in good condition. The ability of a property manager can help the residents of these properties to solve their problem in cases such as repairs, problems with tenants and also help provide advice, especially to the investor, on how the value of the property can be increased or improved. His properties. . For homeowners who have a lot of properties to take care of, a property manager is one of the people who can help oversee their property.
Also, the scope of work as a property manager is very broad. They also undertook to manage in financial management. Service charge, which is the amount of money paid by the property owner for maintenance expenses, service for elevators and air conditioning plant, electricity bills, and supplied water used in the common assets of the building. This also includes employment and other expenses related to maintenance, security of building commons, and building insurance. These involved a lot of money and a property manager has the skills to manage money ethically.