Property Management

This subject has the following teaching availabilities in 2016:

170 Hours

Students admitted into the B-ENVS prior to 2016, please check the 2015 Handbook for prerequisites. Students may contact the subject coordinator for further information

prerequisites for this subject are as follow:

AND

One of the following subjects

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

This core subject for the Bachelor of Environments property major draws together economic, physical/environmental, financial and legal aspects relating to the management of the property asset from the perspective of a managing agent or major property portfolio manager who are responsible for the performance of investment properties during the 95% of their economic life between the completion of initial construction and eventual demolition.
Topics include:

• What is property management?;
• Stakeholders including: public and private perspectives, and owner/investor and occupier perspectives;
• Managing properties from various use classifications;
• Managing the physical asset: property inspections;
• Services – contract management;
• Planned programmed maintenance systems, etc.;
• Legal, environmental and market demands including lease conditions and management;
• Sustainability risk management;
• OHS;
• International comparisons.

When students have completed this subject they should be able to:

• Understand the character and role of property management systems and practices across a range of property types from a range of stakeholder perspectives;
• Be aware of the social, legal, economic and environmental impacts of property management practice;
• Access, interpret and communicate data relevant to current property management issues.

• Assignment 1, 10 minute Powerpoint presentation 400 words or equivalent due week 4, worth 10%,
• Assignment 2, a 800 word report due week 10, worth 20%,
• In-class test 1 (400 words or equivalent) due week 5, worth 10%,
• In-class test 2 (400 words or equivalent), due week 11, worth 10%,
• 2 hour Exam at end of semester (2000 words or equivalent), worth 50%

Hurdle requirement: A grade of 40% or above in the exam is required to attain a pass in the subject overall

Study Guide and Reader Property Management Annual publication

This subject potentially can be taken as a breadth subject component for the following courses:

• Bachelor of Arts
• Bachelor of Biomedicine
• Bachelor of Commerce
• Bachelor of Environments
• Bachelor of Music
• Bachelor of Science
• Bachelor of Engineering

You should visit learn more about breadth subjects and read the breadth requirements for your degree, and should discuss your choice with your student adviser, before deciding on your subjects.

Upon successful completion of this subject students will have had the opportunity to develop the following generic skills:

• analytical skills – an enquiring and analytical approach to the management of commercial property interests;
• communication skills – an enhanced ability to communicate analysed interpretations of property management outcomes through written and oral presentations;
• problem solving skills – an increased body of knowledge associated with resolution of contemporary issues and practices in property management; and
• team working skills – an enhanced ability to generate and communicate a range of relevant property management practices and procedures at an academic and professional standard.