CONS06031 2019 Residential Management

The module provides the student with an understanding of residential property management; both private sector rental management and the management of multi-unit developments on behalf of an Owners Management Company. 

The aim of the module is to introduce students to the residential property market in the context of property management. It also aims to ensure that students are familiar with the legal environment in which residential property, both private sector rentals and multi-unit developments, are managed, and the day-to-day issues faced by the residential property manager.

Completely revised to incorporate recent developments in practice, this second edition of Douglas Scarretts established text describes the process of valuation of real estate through its five principal methods: comparative, investment, residual, profits and contractors methods. Unlike most existing texts, the book is designed to allow students to read about the methods either chapter-by-chapter or as a whole, thus enabling a deeper understanding of each in its own right as well as how they fit together. Discussing changes in retail practice and the role of accountants in looking at viability of businesses, the book features new case studies, enhanced visual aids, diagrams and tables to help readers visualize the process. It is essential reading for those studying property valuation, in addition to practitioners who will find useful guidance to underpin their practice.

Property asset management requires both the day-to-day oversight of rental properties as well as an ability to maximize the potential of the portfolio through forward thinking and practical planning. To be successful in property management, the individual must be flexible and proactive whilst maintaining a robust knowledge of technical, financial and legal aspects of the leasing system. These managers can have clients ranging from the individual property owner to large international commercial ventures. In Property Asset Management Douglas Scarrett sets out the principles and practice of managing properties for these different clients and their varying needs. As well as the basic theory, the book discusses the process of active management, the strategic objectives, performance measurement and the key financial and operational information which enables high quality and comprehensive reporting to clients. Software screenshots are used to illustrate salient points. This third edition has been extensively rewritten to include developments in property management, especially in the changing nature of the landlord tenant relationship. Scarrett is an experienced academic and professional who has created a practical guide for all those involved in the management of property. The book has also been written to cater for the needs of RICS accredited and business courses provided by Universities in the UK and overseas and provides readers with an overview of the legal aspects of land ownership and tenancy arrangements.

This collection is the first comparative study of the issues raised by multi-owned residential developments. The chapters draw on the empirical research of leading academics in the fields of planning, sociology, law and urban, property, tourism and environmental studies, and consider the practical problems of managing this type of housing. The book offers lessons from experiences in the UK, the US, Australia, New Zealand, Israel, Hong Kong, Singapore and China.

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Daft Quarterly Reports, www.daft.ie

• Multi-Unit Developments Act 2011
• Residential Tenancies Act 2004
• Residential Tenancies Amendment Act 2015 & 2016
• SI 17 2017 Minimum Standards In Private Rented Dwellings
• Living In Apartments – Fire Safety, Dublin City Council Website

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