CHALLENGES OF MANAGEMENT OF PUBLIC RESIDENTIAL PROPERTIES IN NIGERIA

CHALLENGES OF MANAGEMENT OF PUBLIC RESIDENTIAL PROPERTIES IN NIGERIA

 CHAPTER ONE INTRODUCTION

1.1   BACKGROUND TO THE STUDY  

Public residential property management is the operation, control, and oversight of real estate as used in its most broad terms. Management indicates a need to be cared for, monitored, and accountable is given for its useful life and condition. This is much akin to the role of management in any business (Wikipedia, 2015).

Public residential property management is also the management of personal property, equipment, tooling, and physical capital assets that are acquired and used to build, repair, and maintain the public residential property. Property management involves the processes, systems, and manpower required to manage the life cycle of all public residential property as defined above including acquisition, control, accountability, responsibility, maintenance, utilization, and disposition (Njoku, 2006). According to Ebie (2012), duties involved in public residential property management generally will include a minimum of these basic primary tasks

The full and proper screening or testing of a tenant/applicant's credit, criminal history, rental history, and ability to pay. Lease contracting or accepting rent using legal documents approved for the area in which the property is located. Mitigation and remediation regarding any maintenance issues, generally within a budget, with prior or conveyed consent via a Limited Power of Attorney legally agreed to by the property owner.

There are many facets to this public residential property management, including managing the accounts and finances of the real estate/residential properties, and participating in or initiating litigation with tenants, contractors, and insurance agencies. Litigation is at times considered a separate function, set aside for trained attorneys. Although a person will be responsible for this in his/her job description, there may be an attorney working under a property manager. Special attention is given to landlord/tenant law and most commonly evictions, non-payment, harassment, reduction of pre-arranged services, and public nuisance are legal subjects that gain the most amount of attention from public residential property managers. Therefore, it is a necessity that a public residential property manager is current with applicable municipal, county, state, and Federal Fair Housing laws and practices. In advanced countries, public residential property management, like facility management, is increasingly facilitated by computer-aided facility management (CAFM).

However, managers of public residential properties in Nigeria are faced with various kinds of challenges ranging from uncooperative attitude from workers, poor maintenance and environmental condition, security, and other basic infrastructures. Some managers in Nigeria have been able to cope with some of these challenges but the researcher will provide an overview of the challenges and how public residential properties can be managed effectively.

1.2   STATEMENT OF THE PROBLEM

According to Bello (2008), public residential properties is more than a mere shelter; it includes all facilities within and around it, embracing a bundle of services which entails both product and process. Management of public residential building embraces in all ramifications the maintenance and development process, be it economic, social, physical). In fact, management of these properties has been the subject of focus by researchers in recent times based on the cumbersome nature of the process. The problem of poor management of public residential properties is a global phenomenon and the severity of the problem differs from one nation to another. However, the researcher is seeking to examine the challenges of management of public residential property in Nigeria. 

1.3   OBJECTIVES OF THE STUDY

The following are the objectives of this study:

To examine the challenges of management of public residential properties in Nigeria. To analyze the effect of adequate management of the public residential property on its value. To identify the solution to the problems of public residential property management in Nigeria.

1.4   RESEARCH QUESTIONS

What are the challenges of the management of public residential properties in Nigeria? What is the effect of adequate management of the public residential property on its value? What are the solutions to the problems of public residential property management in Nigeria?

1.6   SIGNIFICANCE OF THE STUDY

The following are the significance of this study:

The outcome of this study will educate the general public on the intricacies of public residential properties in Nigeria emphasizing its proper management and some other management challenges which will form a guide for estate managers in decision making. This research will also serve as a resource base to other scholars and researchers interested in carrying out further research in this field subsequently if applied will go to an extent to provide a new explanation to the topic.

1.7   SCOPE/LIMITATIONS OF THE STUDY

The scope of this study on the challenges of management of public residential properties in Nigeria will cover all the basic problems faced by managers ineffective maintenance of both the infrastructure and finances generated from it.

LIMITATION OF STUDY

Financial constraint- Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature, or information and in the process of data collection (internet, questionnaire, and interview).

Time constraint- The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted to the research work.

1.8   DEFINITION OF TERMS

Management: the process of dealing with or controlling things or people.

Residential: designed for people to live in.

Property: a thing or things belonging to someone; possessions collectively.

REFERENCES 

Bello, N. A. (2008): The Economics of Land and Housing. (Revised Edition). Abeokuta: DENAB Publication.

Ebie, S. P. O. F. (2012): The Imperative of Social Housing in the South-South Region of Nigeria. The Estate Surveyor and Valuer. Vol.37(1). July-December 2012.

Njoku, J. (2006): “Why ‘Cash and Carry’ Housing Transaction Persist’. Retrieved on 29/4/2009 from 

Wikipedia (2015): 

 

.

Click Here To Get The Complete Project »

TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.