CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND TO THE STUDY
Residential property management is emerging as a managerial
science today (Kyle and Baird, 1995). It transcends beyond the role of
rent collector (Li, 1997). Managing a residential property involves
establishing goals, objectives and policies and implementation of
strategies to achieve those goals and objectives. Singh (1994, 1996)
posited that residential property management is an activity that seeks
to control interests in property owner and particular purpose for which
the property is held. Wong (1999) considers residential property
management as the work carried out to manage and maintain the
development including its facilities at the level that will retain or
enhance the value of the residential property, create a safe,
functional and conducive living environment for occupants, keep or
restore every facility in efficient working order and in good state of
repair, and project a good appearance or image for the development.
Ismail (1996) regards residential property management responsibility as
including all the necessary making to ensure the economic and physical
vitality of residential property assets.
Residential property management is also the
management of personal property, equipment, tooling and physical
capital assets that are acquired and used to build, repair and maintain
the residential property. Property management involves the processes,
systems and manpower required to manage the life cycle of all public
residential property as defined above including acquisition, control,
accountability, responsibility, maintenance, utilization and disposition
(Njoku, 2006).
According to Ebie (2012), duties involved in
residential property management generally will include a minimum of
these basic primary tasks
- The full and proper screening or testing of an
tenants/applicant's credit, criminal history, rental history and
ability to pay.
- Lease contracting or accepting rent using legal documents approved for the area in which the property is located.
- Mitigation and remediation regarding any maintenance issues,
generally within a budget, with prior or conveyed consent via a Limited
Power of Attorney legally agreed to by the property owner.
There are many facets to this residential property management,
including managing the accounts and finances of the real
estate/residential properties, and participating in or initiating
litigation with tenants, contractors and insurance agencies. Litigation
is at times considered a separate function, set aside for trained
attorneys. Although a person will be responsible for this in his/her
job description, there may be an attorney working under a property
manager. Special attention is given to landlord/tenant law and most
commonly evictions, non-payment, harassment, reduction of pre-arranged
services, and public nuisance are legal subjects that gain the most
amount of attention from residential property managers. Therefore, it
is a necessity that a public residential property manager be current
with applicable municipal, county, state and Federal Fair Housing laws
and practices. In advanced countries, residential property management,
like facility management, is increasingly facilitated by computer-aided
facility management (CAFM).
However, managers of residential properties in Nigeria are faced
with various kinds of problems ranging from uncooperative attitude from
workers, poor maintenance and environmental condition, security and
other basic infrastructures. Some managers in Nigeria have been able to
cope with some of these challenges but the researcher will provide an
overview about the problem and prospects of residential properties
management focusing on Kaduna North Local Government Area.
1.2 STATEMENT OF THE PROBLEM
According to Bello (2008), residential property is more than a
mere shelter; it includes all facilities within and around it,
embracing a bundle of services which entails both product and process.
Management of residential building embraces in all ramifications the
maintenance and development process, be it economic, social, physical).
In fact, management of these properties has been subject of focus by
researcher in recent times based on the cumbersome nature of the
process. The problem of poor management of residential properties is a
global phenomenon and the severity of the problem differs from one
nation to another. However, the researcher is seeking to examine the
problems and prospects of management of residential property in Kaduna
North Local Government Area.
1.3 OBJECTIVES OF THE STUDY
The following are the objectives of this study:
- To examine the problems of residential properties management in Kaduna North Local Government Area.
- To analyze the prospects of residential properties management in Kaduna North Local Government Area.
- To identify the solution to the problems of residential properties management in Kaduna North Local Government Area.
1.4 RESEARCH QUESTIONS
- What are the problems of residential properties management in Kaduna North Local Government Area?
- What are the prospects of residential properties management in Kaduna North Local Government Area?
- What is the solution to the problems of residential properties management in Kaduna North Local Government Area?
1.6 SIGNIFICANCE OF THE STUDY
The following are the significance of this study:
- The outcome of this study will educate the general public on
the problems and prospects of managing residential properties in
Nigeria emphasizing on its proper management and some other management
challenges which will form a guide for estate managers in decision
making.
- This research will also serve as a resource base to other
scholars and researchers interested in carrying out further research in
this field subsequently, if applied will go to an extent to provide
new explanation to the topic.
1.7 SCOPE/LIMITATIONS OF THE STUDY
The scope of this study on the problems and prospects of
residential properties management in Kaduna North Local Government Area
will cover all the basic problems faced by managers in effective
maintenance of both the infrastructure and finances generated on
residential property.
LIMITATION OF STUDY
Financial constraint- Insufficient fund tends to
impede the efficiency of the researcher in sourcing for the relevant
materials, literature or information and in the process of data
collection (internet, questionnaire and interview).
Time constraint- The researcher will
simultaneously engage in this study with other academic work. This
consequently will cut down on the time devoted for the research work.
1.8 DEFINITION OF TERMS
Management: the process of dealing with or controlling things or people.
Residential: designed for people to live in.
Property: a thing or things belonging to someone; possessions collectively.
REFERENCES
Bello, N. A. (2008): The Economics of Land and Housing. (Revised Edition). Abeokuta: DENAB Publication.
Ebie, S. P. O. F. (2012): The Imperative of Social
Housing in the South-South Region of Nigeria. The Estate Surveyor and
Valuer. Vol.37(1). July-December 2012.
Ismail, I. (1996) “The Operational Property Management Process in Large Non-property Organization in Malaysia” unpublished Ph. N. Thesis, University of Reading.
Kyle, R.C. and Baird, F.M. (1995) “Property Management” Real Estate Education Company, Chicago, II.
Li, L.H. (1997) “Property Management in China: Opportunities and Problems” Property Management. Vol. 15, No. 1. p. 6 – 11. MCB University Press ISSN 0263 – 7472.
Njoku, J. (2006): “Why ‘Cash and Carry’ Housing Transaction Persist’. Retrieved on 29/4/2009 from http://www.library.hbs.edu/hbsonly_cgi.
Singh, G. (1994) “Re-engineering property management:
Sustaining Asset Value through Effective Property Management” Conference of Property Maintenance and Management in the 90’s 30 – 31 May, Kuala Lumpur, Malaysia.
Singh, G. (1996) “Property Management in Malaysia” Federal Publications, Malaysia, p. 4.
Wikipedia (2015): www.wikipedia.com
Wong, K.S. (1999) Property Management in Private Practice, Unpublished Lecture Notes, Kurus Pengunesan Hartanah dan Facilities 20 – 23, September, INSPEN