物業管理英語課程PropertyManagement.doc84

Property management is the process of overseeing the operation and maintenance of real property to achieve the objectives of the property owner. Sometimes owners manage their own property, particularly small properties and particularly when they themselves occupy part of the space. But for larger propertIEs or those whose owners live at a distance, management is usually performed by a paid property manager, eITher an individual buildings on long-term leases, where tenants maintain the building, pay the taxes and insurance,
and mail the owner a check each month. But most residential, office, retail, and many industrial propertIEs offer services along wITh the space over time.

Property management has long been an underrated function in the real estate industry. The need for professional management did not become apparent until the depression of the 1930s, when numerous foreclosures revealed a pattern of management deficiencies. This oversight might seem strange, since running a large commercial or residential project in which hundreds or thousands of people reside or work is a highly challenging task, calling for training, good judgment, varIEty of technical skills. TradITionally, however, emphasis in the real estate industry has been on the so permanent elements of the investment-good location, construction, and reasonable long-term financing-than on the day-to-day operation of the property. It has sometimes seemed as if a property owner, having made a very large investment in the permanent structure, assumed that the property would run itself wITh a minimum amount of supervision.

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