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 accountability 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 an tenants/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 be 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 has been able to cope with some of this challenges but the researcher will provide an overview about 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 subject of focus by researcher 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 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 management of public residential properties in Nigeria? What is the effect of adequate management of 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 on 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 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 in effective 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 for 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): 

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How To Write Chapter Three Of Your Research Project (Research Methodology)
  • Methodology In Research Paper


    Chapter three of the research project or the research methodology is another significant part of the research project writing. In developing the chapter three of the research project, you state the purpose of research, research method you wish to adopt, the instruments to be used, where you will collect your data, types of data collection, and how you collected it.

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    Method vs Methodology

    I think the most appropriate in methods versus methodology is to think in terms of their inter-connectedness and relationship between both. You should not beging thinking so much about research methods without thinking of developing a research methodology.

    Metodologia or methodology is the consideration of your research objectives and the most effective method and approach to meet those objectives. That is to say that methodology in research paper is the first step in planning a research project work.

    Design Methodology: Methodological Approach

    Example of methodology in research paper, you are attempting to identify the influence of personality on a road accident, you may wish to look at different personality types, you may also look at accident records from the FRSC, you may also wish to look at the personality of drivers that are accident victims, once you adopt this method, you are already doing a survey, and that becomes your metodologia or methodology

    Your methodology should aim to provide you with the information to allow you to come to some conclusions about the personalities that are susceptible to a road accident or those personality types that are likely to have a road accident.

    The following subjects may or may not be in the order required by a particular institution of higher education, but all of the subjects constitute a defensible in metodologia or methodology chapter.

    Click here to complete this article - How To Write Chapter Three Of Your Research Project (Research Methodology)

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