A Thing or Two about Property Development Management Services

Property management is basically the operation, control, and oversight of real estate. It encircles processes, systems and manpower that are needed to manage an acquired property, including acquisition, control, accountability, responsibility, maintenance, utilization and disposition.

It also refers to the management of personal property, equipment, tooling and other physical capital assets that are used to build, repair, and maintain a property.

Responsibilities of a property development management service provider include:

• Conducting a comprehensive screening or testing of an applicant's credit, rental history, criminal history and ability to pay
• Preparing lease contract and accepting rent using legal documents approved for the area where property is located
• Providing mitigation and remediation related to maintenance issues
• Preparing and maintaining necessary records for tax and legal purposes
• Providing expert oversight of all phases of the development process, straight from project advisory, feasibility planning to project closeout

A development management service provider uses advance technologies to carry out complex projects – ground-up construction to build-to-suit or redevelopments.

Project development services include:

• Planning
• Complex analysis of the project
• Investment development
• Development advisory and management
• Redevelopment
• Development feasibility studies
• Construction financing and management
• Build-to-suit development
• Site search and acquisition
• Strategic resource management
• Market research and demand analysis
• Quantifying and managing development risk through determining variables like construction time, cost and sales values
• Project structuring and financing – securing different funding options with banks and alternative lenders
• Project plan and programme establishment – identification, analysis, management, delivery of project in order to ensure success of the project and outcomes

For more information about the development management, consult a reputed company like Global Capital Commercial. The company has a proven track record of delivering commendable property development management services to property developers across Australia.

Global Capital Commercial has an unwavering reputation for providing holistic and integrated services aimed at maximizing profits and proliferating returns.