The Real Estate Condominium Boom which started in 2007 and peaked in 2015 has produced a multitude of properties that needs to be professionally managed and not just maintained or merely administered. It is the task of the Property Manager to come
up and implement a Management Plan that will preserve the beauty, utility and function of the property, enhance its value and ensure its continued viability or profitability or both!
At present, we only have a handful of local professional property managers. Our local Licensed RE Consultants serve as mere employees of foreign entities who now dominates the market but it is them who do most of the research, market and feasibility
studies are paid a pittance compared to their foreign counterparts sometimes by a ratio of 1:20.
In the field of Property Management, Filipinos are hired only as Leasing Managers, Facilities Manager, Maintenance Engineers and downline staff. This is because no school or institution has offered to the public a formal and comprehensive course on
Property Management. This , despite the fact that the college degree required before one becomes eligible to take the PRC Licensure Exams is called - Bachelor of Science in Real Estate Management.
The big problem that is immediately staring us in the eye is that there are not enough real estate practitioners in the country that have substantial education and experience in the field of Property Management. There are several half-day seminars
on Property Management offered by schools and providers but they simply reinforced the notion that PM is just building maintenance, janitorial services and leasing. That is why there are no prominent Filipino Property Management firms who could compete with
their foreign counterparts. Such shortage of qualified PMs accounts for the rapid detoriation of relatively new buildings and other development projects. Buildings as young as 7 years old have an effective age of twice that number of years. As soon as most
condos or subdivisions units are completely sold-out, turned over to homeowners and elect their respective HOA officers, most would be in the dark on what to do next. The problem will be further magnified as soon as current projects are finished
Outline
LEVEL 2 -PROPERTY ADMINISTRATION COURSE
Part 2 of 4 – Real Estate Management Series Leading to the PPA– FIRMA Professional Property Administrator Designation
Module 1 – Introduction to Real Estate Management & Property Administration
1. An Introduction to Real Estate Management
2. History and Evolution of the Property Management Profession
3. Occupational Outlook for PAs and PMs
4. The Various Positions and Titles in PM
5. FIRMA- The Professional Organization of Property Management Practitioners in the Philippines 6. FIRMA Standards, Rules and Code of Ethics
Module 2- Property Administration -The Logistical Aspect of Property Management
1. The Roles and Responsibilities of Property Administrators/ Managers
2. Basic Parts of a Management Agreement
3. The Various Types of Real Property Assets
4. Managing Residential and Office Properties
5. Managing Retail & Mixed Use Properties
6. Managing Industrial and Special Type of Properties
Module 3 – The Management Agreement
1. The Importance of a Management Agreement
2. Scope of Authority, Responsibilities and Limitations of a PM under the Management Agreement 3. How to Effectively Negotiate A Management Agreement
4. Terms & Conditions
5. Financial Management of Funds
6. Management Liabilities and How We Can Protect Ourselves from These
Module 4 – The Traditional Day-to-day Roles of PA/PM
1. General Property Management Functions of a PA
2. Security, Reception, Housekeeping and Maintenance
3. Rent & Dues Collection
4. Human Resources Functions: Hiring, Training and Payroll
5. Budget Preparations and Reportorial Duties
6. Disaster Risk & Emergency Preparedness
LEVEL 2 -PROPERTY ADMINISTRATION COURSE
Module 5 – The Evolving Roles of PAs/PMs
1. The Social and Communication Aspect of PM
2. Monitoring, Data Gathering, Inspections and Building & Financial Analysis
3. Addressing Request, Complaints, Quality of Services
4. Disaster Mitigation & Emergency Preparedness
5. Fiduciary Relationship with Owners
6. Responsible Handling of the Operating Funds, Deposits and Reserves.
Module 6 – The Reserve Funding Plan / Capital Budget Analysis
1. What are Reserves?
2. Components of the Reserve Study
3. Life Cycles, Useful Life and Remaining Useful Life
4. Data Gathering and Analysis
5. Financial Figures and Testing the Recommended Actions
6. Appearance and Presentation Course Inclusions: Complete Handouts and Worksheets Glossary of Property Management Terms Videos and relevant video links No. of hours : 40 Attendees gets 12 CPD credits; Certificate of Attendance Passers gets PPA Designation
& Certifications Delivery: Online Webinar Instructor-led Webinar via Zoom Workshop via Lark Assessment Method: Online Examination – via ClassMarker No. of Questions: 100 Multiple Choice Time Limit : 75 minutes Passing Grade: 70 Submission Requirement: Reserve
Funding Plan / Capital Budgeting Plan Deadline: 1 week before the Assessment Exam Min. Number of Pages: 50
Speaker/s
