Real Estate Property Management
Niveau
Introductory & advanced
Learning outcomes of the courses/module
The participants:
• explain the structure, processes, and objective systems of real estate property management in the residential and commercial sectors.
• analyze operating, maintenance, and administration concepts for existing properties in terms of efficiency, sustainability, and user satisfaction.
• assess the legal, economic, and organizational particularities of non-profit housing.
• develop proposals for optimizing property management processes, service provider control, and quality assurance.
• prepare simple property management plans and justify their decisions, taking social, legal, and business criteria into account.
• explain the structure, processes, and objective systems of real estate property management in the residential and commercial sectors.
• analyze operating, maintenance, and administration concepts for existing properties in terms of efficiency, sustainability, and user satisfaction.
• assess the legal, economic, and organizational particularities of non-profit housing.
• develop proposals for optimizing property management processes, service provider control, and quality assurance.
• prepare simple property management plans and justify their decisions, taking social, legal, and business criteria into account.
Prerequisites for the course
Introduction to Real Estate & Facility Management, Real Estate Development 1, Law for Facility Management & Real Estate
Course content
- Fundamentals of real estate property management
- Owner and user structures, stakeholder management
- Operating and maintenance strategies
- Rental administration, service charge accounting, tenant communication
- Special features of non-profit housing in Austria and Germany
- Digitalization and reporting in real estate property management
- Interfaces with facility services, energy, and sustainability management
- Owner and user structures, stakeholder management
- Operating and maintenance strategies
- Rental administration, service charge accounting, tenant communication
- Special features of non-profit housing in Austria and Germany
- Digitalization and reporting in real estate property management
- Interfaces with facility services, energy, and sustainability management
Recommended specialist literature
- Bammer, O., Fuhrmann, K., & Ledl, R. (Eds.). (2020). Handbuch Immobilienbewirtschaftung (3rd ed.). Vienna, Austria: Linde Verlag.
- Gondring, H., & Wagner, T. (Eds.). (2022). Real Estate Asset Management: Handbuch für Praxis, Aus- und Weiterbildung (3rd ed.). Munich, Germany: Vahlen.
- Malloth, T. (Ed.). (2021). Immobilienmanagement Österreich (7th ed.). Vienna, Austria: ÖVI – Österreichischer Verband der Immobilienwirtschaft.
- Pfnür, A. (Ed.). (2019). Modernes Immobilienmanagement (5th ed.). Munich, Germany: Springer Gabler.
- Gondring, H., & Wagner, T. (Eds.). (2022). Real Estate Asset Management: Handbuch für Praxis, Aus- und Weiterbildung (3rd ed.). Munich, Germany: Vahlen.
- Malloth, T. (Ed.). (2021). Immobilienmanagement Österreich (7th ed.). Vienna, Austria: ÖVI – Österreichischer Verband der Immobilienwirtschaft.
- Pfnür, A. (Ed.). (2019). Modernes Immobilienmanagement (5th ed.). Munich, Germany: Springer Gabler.
Assessment methods and criteria
Portfolio assessment
Language
German
Number of ECTS credits awarded
4
Semester hours per week
Planned teaching and learning method
Lectures, discussions, exercises, case studies, group work
Semester/trimester in which the course/module is offered
5