Property maintenance

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Property maintenance relates to the upkeep of a home, apartment, rental property or building and may be a commercial venture through a property maintenance company, an employee of the company which owns a home, apartment or a self-storage pastime for example day-to-day housekeeping or cleaning. [1]

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Homemaking is mainly an American and Canadian term for the management of a home, otherwise known as housework, housekeeping, housewifery or household management. It is the act of overseeing the organizational, day-to-day operations of a house or estate, and the managing of other domestic concerns. A person in charge of the homemaking, who is not employed outside the home, in the US and Canada, is called a homemaker, a term for a housewife or a househusband. Historically the role of homemaker was often assumed by women. The term "homemaker", however, may also refer to a social worker who manages a household during the incapacity of the housewife or househusband. Home health workers assume the role of homemakers when caring for elderly individuals. This includes preparing meals, giving baths, and any duties the person in need cannot perform for themselves.

<span class="mw-page-title-main">Condominium</span> Form of ownership of real property

A condominium is an ownership regime in which a building is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed by the owners of the units. The term can be applied to the building or complex itself, and is sometimes applied to individual units. The term "condominium" is mostly used in the US and Canada, but similar arrangements are used in many other countries under different names.

Facility management or facilities management (FM) is a professional management discipline focused on the efficient and effective delivery of logistics and other support services related to real property and buildings. It encompasses multiple disciplines to ensure functionality, comfort, safety and efficiency of the built environment by integrating people, place, process and technology, as defined by the International Organization for Standardization (ISO). The profession is certified through Global Facility Management Association member organizations.

<span class="mw-page-title-main">Housing cooperative</span> Type of housing development that emphasizes self-governance and quasi-communal living

A housing cooperative, or housing co-op, is a legal entity, usually a cooperative or a corporation, which owns real estate, consisting of one or more residential buildings; it is one type of housing tenure. Typically housing cooperatives are owned by shareholders but in some cases they can be owned by a non-profit organization. They are a distinctive form of home ownership that have many characteristics that differ from other residential arrangements such as single family home ownership, condominiums and renting.

MTR Properties and MTR Property Management of the MTR Corporation are responsible for managing apartment buildings it developed, shopping malls at some of its stations, and collaborate with land developers in projects near its stations. It made over HKD $8,304 million in 2007 from property development.

<span class="mw-page-title-main">Strata title</span> Form of legal ownership for apartments

Strata title is a form of ownership and housing tenure devised for multi-level apartment blocks and horizontal subdivisions with shared areas. The word "strata" refers to apartments being on different levels.

Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition. This is much akin to the role of management in any business.

A property manager or estate manager is a person or firm charged with operating a real estate property for a fee. The property may be individual title owned or owned under the sectional title, share block company owned, and may be registered for residential, commercial office, and retail or industrial use. In 2006, the Bureau of Labor Statistics Office of Occupational Statistics reported that there were 329,000 property managers employed in the United States, with the number expected to grow to by 50,000 by 2016.

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A building superintendent or building supervisor is a term used in the United States and Canada to refer to a manager responsible for repair and maintenance in a residential building. They are the first point of contact for residents of the building.

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Building management is a discipline that comes under the umbrella of facility management. Hard services usually relate to physical, structural services such as fire alarm systems, lifts, and so on whereas soft services allude to cleaning, landscaping, security, and suchlike human-sourced services.

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Strata management, sometimes known as "body corporate management", is a specialist area of property management involving the day-to-day operation and management of a property that is jointly owned and comprises multiple units, common areas and common facilities. It is derived from an Australian concept of property law called strata title applied to the administration of common ownership in apartment buildings on multiple levels, or strata. Emerging markets in Dubai, Abu Dhabi, the Philippines and India have adopted the Australian system. It is one of the fastest growing forms of housing in the United States today, similar to common-interest development (CID), a category that includes planned unit developments of single-family homes, known as homeowner associations (HOAs), condominiums, and cooperative apartments.

The National Apartment Association (NAA) is a non-profit trade association in the United States of apartment communities, owners and vendors. These member companies are also part of NAA with their membership at the local level. Members represent the various facets of the multifamily housing industry: apartment owners, management executives, developers, builders, investors, property managers, leasing consultants, maintenance personnel, vendors and related business professionals throughout the United States and Canada. NAA has its headquarters in Arlington, VA. Robert Pinnegar currently serves as the organization's president and chief executive officer.

Longfor Properties Co. Ltd (龙湖地产股份有限公司) is an investment holding company, and part of the Forbes Global 2000 companies, at number 345 in the 2019 list. It manages numerous subsidiaries which are involved in property investment, development and management in China as well as relative services. As of December 2011, the total land property of the company was 33.76 million square meters, with major subsidiaries being Beijing Huicheng Investment Limited and Beijing Longhu Properties Company Limited. Wu Yajun is the co-founder, CEO and Chairwoman of Longfor Properties.

<span class="mw-page-title-main">JBG Smith</span> Real estate investment trust

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<span class="mw-page-title-main">Parkway Garden Homes</span> United States historic place

Parkway Gardens Apartment Homes is a 694-unit privately owned apartment complex located on the border of Woodlawn and Washington Park. Chicago's Woodlawn and Washington Park community areas are located on the South Side of Chicago, Illinois. The complex was built from 1950 to 1955; architect Henry K. Holsman, who planned several of Chicago's affordable housing developments, designed the Modernist buildings.

<span class="mw-page-title-main">Burlington Traction Company</span> United States historic place

The Burlington Traction Company is a historic trolley maintenance facility at Riverside Avenue and North Winooski Avenue in Burlington, Vermont. The property includes two brick trolley barns, built c. 1900 and c. 1910 respectively, that were used as public transit maintenance facilities until 1999, after which they were adaptively repurposed to other residential and commercial uses. The property was listed on the National Register of Historic Places in 2004.

References

  1. "Property Management". Investopedia. Retrieved 26 October 2014.