Property asset management requires both day-to-day oversight of rental properties and an ability to maximize the potential of the portfolio through forward thinking and practical planning. Successful property managers must be flexible and proactive whilst maintaining a robust knowledge of technical, financial and legal aspects of the leasing system. Property Asset Management is a practical guide to the key principles of successful property management, perfect for both student and practitioner alike.
In this book, Douglas Scarrett and Jan Wilcox demonstrate how to successfully manage properties for the varying needs of clients ranging from individual property owners to large international commercial ventures. As well as the basic theory, Property Asset Management discusses the process of active management, the strategic objectives, performance measurement, and the key financial and operational information needed for high quality and comprehensive reporting to clients.
This fourth edition has new chapters on corporate real estate and financial management, and has been extensively rewritten to incorporate recent developments in property management. Software screenshots are used to illustrate salient points and readers are provided with a thorough overview of the latest legal aspects of land ownership and tenancy arrangements. With everything you need for successful property asset management, this book both caters for the needs of RICS accredited and business courses and serves as a handy guide for everyday practice.
Table of Contents
1. The Evolution of Property Asset Management 2. Estates and Interests in Land 3. The Landlord Tenant Relationship 4. Business Tenancies: The Statutory Approach 5. Business Tenancies 6. Residential Lettings in the Private Sector 7. Corporate Real Estate 8. Financial Management 9. Strategic Objectives 10. Performance Tracking
Douglas Scarrett is joint founding editor of the Journal of Property Management and former Director of Estate Management at De Montfort University, UK.
Jan Wilcox is a Fellow of the Royal Institution of Chartered Surveyors and a Senior Fellow of the Higher Education Academy. She spent twenty years working, mainly in property asset management, for a variety of institutions including Fenn Wright, Transport for London, The Crown Estate, Hammerson plc and Merrill Lynch Investment Managers, before moving into lecturing in higher education.
Reviews of Previous Editions:
'On putting this book down the lasting impression is one of having been in safe and reliable hands….the book is written from a sound base of knowledge backed by a wide practical experience of managing property' - Journal of Property Valuation
'updated to take account of recent developments in law and practice ... the third edition of Property Asset Management will enable those working in this important area of professional surveying practice to keep their knowledge up to date.' – David Adams, University of Glasgow, Housing Studies
Reviews of Current Edition:
"The wide scope of this book makes it suitable for all property students and practitioners as a basic textbook. …it has a strong focus on local [UK] legislations and stakeholders, but their discussion also shows property managers from other countries what to consider and find out in their own national context…The book [also] has a clear, general explanation of CRE and how it should be approached by organisations of all sizes. By its broad approach, the content is relevant for property management of small and large organisations."
--Dr. Riane Appel, Eindhoven University of Technology, Netherlands