scholarly journals RESILIENCY OF PREFABRICATED DAYCARES AND SCHOOLS: FINNISH PERSPECTIVE TO RELOCATABLE EDUCATION FACILITIES

2016 ◽  
Vol 20 (3) ◽  
pp. 316-327 ◽  
Author(s):  
Harry EDELMAN ◽  
Jaakko VIHOLA ◽  
Mikko LAAK ◽  
Petri ANNILA
Keyword(s):  
Real Estate ◽  
School Facilities ◽  
Disaster Mitigation ◽  
Property Management ◽  
Existing Buildings ◽  
Short Term ◽  
The Real ◽  
The Real Estate ◽  
Communal Property ◽  
Core Issue

The industrialised production of prefabricated daycare and school properties offer flexible alternatives for communities for provision of communal services. The paper investigates architectural qualities and financial solutions for rentable and relocatable education facilities in finland. in particular, the focus is on the communal interests in solving the property management with a portfolio of rentable facilities for different time spans ranging from very short term to periods up to over twenty years. The short term rental terms offer solutions for disaster mitigation such as flooding but also spaces during refurbishment of existing buildings, e.g. due to moisture and mould damage. A core issue is a potential sustainable and flexible co-existence of both permanent and flexible modules that can adapt, for example to demographic changes, improving the efficiency of communal property manage­ment. Thus the prefabricated solutions have a potential, if the architectural quality is high enough, to provide alternatives for the real estate strategies of cities also in longer term provision of daycare and school facilities.

scholarly journals Assessment of the Property of a Territorial Community: Topical Problems and Ways to Solve them

2021 ◽  
Vol 25 (1) ◽  
pp. 148-152
Author(s):  
Liliia Tymoshchyk ◽  
Keyword(s):  
Real Estate ◽  
Effective Property ◽  
Economic Benefits ◽  
Real Estate Market ◽  
Property Management ◽  
The Real ◽  
The Real Estate ◽  
Property Valuation ◽  
Communal Property ◽  
Municipal Management

Annotation. Introduction. One of the trends in the development of the modern real estate market in Ukraine is the gradual growth of the real estate owners, and, accordingly, the change of the real estate management system, in particular, in the field of municipal management. Real estate, as a strategic asset, needs to be managed at a professional level. Therefore, the mechanism of property valuation of territorial communities is perceived as one of the tools of effective property management. Purpose. The purpose of this article is to find and scientifically substantiate the priority areas for improving the effectiveness of property valuation of territorial communities, and analysis related to the mechanism of evaluation of management aspects – goals, approaches, methods and characteristics. Results. The article analyzes the essence of effective management of municipal property – focuses on management goals, the priority of which is the creation of conditions for normal activities, both for each resident and all in general, analyzes the process of determining the effectiveness of municipal management in various fields and its characteristics, methods of evaluating the effectiveness of management. The main provision that guides real estate activities is that real estate development projects should meet the needs of consumers as much as possible. The views of domestic researcher N. Smentina on approaches to assessing the effectiveness of communal property – economic and social. The article provides a detailed substantive analysis of the concept of “real estate” within the complex development and its spatio-temporal characteristics that affect its value. The importance of the characteristic “optimal use of real estate” is determined. The “optimal use of real estate” reveals the conceptual content of the process of assessing the effectiveness of property use. Conclusions. Summing up, property valuation is especially important in the context of increasing the economic benefits from the sale of communal property, but the mechanism of property valuation of territorial communities in Ukrainian legislation still does not determine some specific aspects of municipal property valuation.. Keywords: property; property management; management efficiency; territorial community.

scholarly journals Recognizing and realizing the value of customer-focused property management

2020 ◽  
Vol 38 (5) ◽  
pp. 749-764
Author(s):  
Danielle Claire Sanderson ◽  
Dustin C. Read
Keyword(s):  
Real Estate ◽  
Best Practices ◽  
Customer Service ◽  
Property Management ◽  
Academic Journal ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
Emerging Trends ◽  
Financial Benefits

PurposeThe purpose of this paper is to increase awareness of the value that can be derived from embracing customer service and ensuring tenant satisfaction.Design/methodology/approachThis literature review synthesizes the results of research conducted around the world to examine the value proposition of customer-focused property management. The literature was identified through a search of academic journal articles and industry publications, together with the authors' experience of working with industry practitioners. Drawing on these sources, the authors identify five emerging trends that are likely to make customer service an even more critical part of property managers' jobs and propose best practices to help property managers actualize the benefits.FindingsThree themes emerge from the literature. First, property managers can add significant value to real estate portfolios by delivering high-quality customer service to tenants. Second, emerging trends in the real estate industry are creating new opportunities for property managers to participate in the value creation process. Third, there are a number of steps property managers can take to leverage customer service to benefit the real estate investors they represent.Practical implicationsReal estate investors, and the property managers working on their behalf, can realize the advantages of customer-focused property management by adopting a series of straightforward best practices, which are discussed in the paper.Social implicationsThe trends identified and practical steps proposed are likely to be all the more relevant in the aftermath of the Covid-19 pandemic.Originality/valueThis research should increase awareness of customer-focused property management and the mechanisms through which it can affect real estate returns. The ten best practices proposed should help property managers deliver effective service to tenants and achieve the associated financial benefits for investors.

A Review of Real-Estate Indices

2017 ◽  
Author(s):  
Radu S. Tunaru
Keyword(s):  
Real Estate ◽  
Serial Correlation ◽  
Repeat Sales ◽  
Medium Term ◽  
Short Term ◽  
Model Risk ◽  
The Real ◽  
The Real Estate ◽  
Per Se ◽  
Negative Medium

This chapter presents the main real-estate indices used worldwide for investment purposes and on which derivatives contracts are very likely to be issued. It is important to know the type of real-estate index based on the method of construction. The chapter contains a description of the main real-estate indices used in real-estate derivatives contracts, indices that are built using various methodologies such as hedonic, repeat sales, appraisal, or transaction based. Themethod of construction of the real-estate index should be taken into consideration when modelling the real-estate indices. The stylized facts about the real-estate indices are important not only for a better understanding of the real-estate investmentmarket per se but also for better model construction for pricing real-estate derivatives. Serial correlation is amajor feature of real-estate indices as demonstrated comprehensibly in this chapter and in general this is positive short-term, and negative medium-term. Longer-term serial correlationmay switch back to being positive, albeit weakly positive, or disappear as in the case of daily calculated indices. Taking into account the stylized features of real-estate indices is necessary to avoid model risk.

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