Real Estate and Property Management Masterclass
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Real Estate and Property Management Masterclass Course
Introduction:
Putting money into a real estate asset's appropriate management is an investment in its future profitability. By producing greater rents and occupancies, improving cash flow, and reducing operating costs, excellent maintenance and tenant management can raise the value of real estate. This course will teach you how to handle overlapping maintenance tasks and make outsourcing decisions. It will also cover leadership qualities and tactics for efficient facilities management, as well as best practices in important areas like garbage collection and lowering environmental impact.
Course Objectives:
On completion of this course, the trainee/s will be competent in:
- Analyze a property to identify potential issues, differentiate between types of maintenance activities, and identify best practices for each
- Explore the environmental impacts of a building or property and ways to reduce that impact
- Analyze strategies to maximize the financial health of a real estate asset, and use market comparison and analyses to help make sound decisions
- Weigh the pros and cons of outsourcing to make the best decision for your operation
- Identify the most critical attributes of a facilities and maintenance leader
Who Should Attend?
This highly practical and interactive course has been specifically designed for:
- Project Administrators
- Staff Members
- Facility Managers
- Operation Managers
- Developers
- Architects
- Mechanical Engineers
- Civil and Electrical Engineers
- Building Operating Staff
- Building Product Manufacturers
- Facility-related product and service providers.
- Students entering the profession from colleges, universities, certificate or technical programs.
Course Outlines:
Ethics in Business Practice
- The Importance of Ethical Business Practice
- Ethical Values
- Developing Ethical Values
- Ethical Decision Making
- Ethics Articles, Codes, etc.
Managing the Physical Asset
- Property Risk Analysis
- Maintenance Programs
- Maintenance Projects
- Conservation and Environmental Hazards
- Benefits Include
- Leading a Winning Property Management Team
- Attract the Best
- Take the Lead & Learn to Manage
- Develop a Strong & Capable Staff
- Review Performance Effectively
Project Management
- Introduction to Project Management
- Facility Management Projects and Project Management
- The Project Manager
- Project Management Processes and Models
Finance and Business
- Finance and Business in the Facility Organization
- The Importance of Being Finance- and Business-Aware
- Financial Terminology
- Fundamental Accounting Concepts
Financial Management of the Facility Organization
- Budgets and Budgeting Basics
- Financial Statements
- Business Cases, Supporting Documentation and Financial Reports
- Fundamental Cost Concepts
- Analyzing and Interpreting Financial Documents
- Cost-Containment Strategies
- Chargebacks
Procurement in the Facility Organization
- Procurement Procedures
- Procurement and Facility Management Outsourcing
Contracts in the Facility Organization
- Contract Development, Management, and Oversight
- Contract Administration
- Analyzing and Interpreting Financial Contract Elements
- Resolving Vendor Conflicts
Lead and Manage the Facility Organization
- Introduction to Leadership and Management
- Theories of Individual Behavior and Leadership
- Lead, Inspire, Influence and Manage the Facility Organization
- Advocate for Facility Management Needs and Priorities
- Organize and Staff the Facility Function
- Develop Effective Teams
- Develop, Implement and Evaluate FM Policies, Procedures, and Practices
- Clarify and Communicate Responsibilities and Accountabilities
- Resolve Conflicts