Property managers usually deal with Joint Management Body's (JMB) and management corporations (for stratified properties) as well as directly with homeowners and tenants aside from individual entities owning or renting commercial and /or industrial properties.
“In Malaysia, stratified properties are required by law (Strata Management Act 2013- Act 757) to appoint a licensed property management company to oversee the day to day operations of the development.
Previn states, “This in accordance with the new circular from the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVEAP) (https://lppeh.gov.my/WP2016/) whereby, all property managers must be registered and licensed by the board to carry out their duties legally”.
Commercial buildings which include office spaces and retail stores also require some sort of management, as well as, industrial facilities.
However, there are also individual units that opt for property management services to ensure the property is managed alongside tenancy management – popular with foreign investors and /or high-end residential property investors or commercial investors,” Previn explains.
Services offered by us which include;
Billing, collection of maintenance fee (sinking funds, assessment, quit rent and /or rentals.
Monthly report of cash flow, debtor ageing, income and expenditure.
Evaluating and supervising of all contracts and service provider such as cleaning, security, pest control and landscaping.
Conducting monthly meeting with clients herein referred 10 committee members on the progress of upkeep and maintenance, budgets and cash flow.
Detailed monthly reports on the overall operation of the property.
Mechanical and electrical reports on the overall operation of the property.
Detailed operation plans, preventive and routine maintenance on M&E equipment.
Due diligence review for purchases – current state of the property.
Design development – from the inception of property development to ensure sustainability and to develop a good product that can be maintained efficiently and effectively.
Attend to occupant’s inquiries and complaints.
Advice and Assist in the procurement and administration of the building.
Oversee financial accounting and administration of the building.
Monitor performance and audit reporting program.
Closely monitor credit control policy and procedure.