PROPERTY 231 : Property Management

Business and Economics

2020 Semester One (1203) (15 POINTS)

Course Prescription

Achieving optimum performance from property assets is a multi-faceted process involving leases, financial structures, marketing, and occupier demand. Budgeting, operational expenditures, and capital expenditures will be introduced within the property context. An understanding of health and safety issues as well as leases will be provided.

Course Overview

This course provides students with a firm understanding of property management theory and its practical application to both investors and occupiers. The focus for this course is developing students' knowledge and skills for:
  • Undertaking employment as professional property managers. 
  • Understanding the role of proactive property management in relation to other property sector roles (such as property finance and valuation).

Course Requirements

Prerequisite: PROPERTY 102 or BUSINESS 102

Capabilities Developed in this Course

Capability 1: Disciplinary Knowledge and Practice
Capability 2: Critical Thinking
Capability 3: Solution Seeking
Capability 4: Communication and Engagement
Capability 6: Social and Environmental Responsibilities
Graduate Profile: Bachelor of Property

Learning Outcomes

By the end of this course, students will be able to:
  1. Defines and explains property management issues and the impact that sound property management practices can have in resolving these issues. (Capability 1 and 2)
  2. Describes and appropriately applies property management theories, principles and/or practices to case study examples. (Capability 1)
  3. Formulates and justifies solutions to property management problems. Solutions are sensitive to contextual factors. (Capability 3)
  4. Identifies prevailing sustainability practices and trends in relation to property management, and describes the impact that these practices can have on property investors and occupiers. (Capability 6)
  5. Identifies and presents real-world case studies of property management issues (Capability 1 and 4.1)

Assessments

Assessment Type Percentage Classification
Assignments 20% Group & Individual Coursework
Test 20% Individual Test
Participation 10% Group & Individual Coursework
Final Exam 50% Individual Examination
Assessment Type Learning Outcome Addressed
1 2 3 4 5
Assignments
Test
Participation
Final Exam
Pass requirements
To pass this course, the student must obtain:
  • Over the whole course, a minimum of 50% of the total marks available, and
  • A minimum mark of 45% in the final exam. 

Workload Expectations

This course is a standard 15 point course and students are expected to spend 10 hours per week involved in each 15 point course that they are enrolled in.

For this course, you can expect 3 hours of lectures, 2 hours of reading and thinking about the content and 5 hours of work on assignments and/or test preparation.

Learning Resources

Lecture slides will be uploaded on the Sunday immediately prior to the week’s classes.

The course book contains required readings. Additional readings and content may be uploaded from time to time.
Supplementary texts are:
  • Haynes, B. & Nunnington, N. (2010). Corporate Real Estate Asset Management (1st ed.). Oxford: Elsevier Books.
  • RICS (2014) Guidance Note - Real Estate Management. 2nd Edition.
  • Christiansen, W. (1996). Fundamentals of Property Management (2nd ed.) Wellington: Butterworths.
The supplementary texts above are not recommended for purchase as they do not comprehensively cover the content within the course. They do however provide useful supplementary information for students that wish to advance their learning beyond the materials provided within the classes and course book.

Other Information

Students must be prepared to contribute within the class discussions and should take comprehensive notes to assist with revision. Students should complete all required readings prior to the relevant lectures.

Digital Resources

Course materials are made available in a learning and collaboration tool called Canvas which also includes reading lists and lecture recordings (where available).

Please remember that the recording of any class on a personal device requires the permission of the instructor.

Academic Integrity

The University of Auckland will not tolerate cheating, or assisting others to cheat, and views cheating in coursework as a serious academic offence. The work that a student submits for grading must be the student's own work, reflecting their learning. Where work from other sources is used, it must be properly acknowledged and referenced. This requirement also applies to sources on the internet. A student's assessed work may be reviewed against online source material using computerised detection mechanisms.

Inclusive Learning

All students are asked to discuss any impairment related requirements privately, face to face and/or in written form with the course coordinator, lecturer or tutor.

Student Disability Services also provides support for students with a wide range of impairments, both visible and invisible, to succeed and excel at the University. For more information and contact details, please visit the Student Disability Services’ website at http://disability.auckland.ac.nz

Special Circumstances

If your ability to complete assessed coursework is affected by illness or other personal circumstances outside of your control, contact a member of teaching staff as soon as possible before the assessment is due.

If your personal circumstances significantly affect your performance, or preparation, for an exam or eligible written test, refer to the University’s aegrotat or compassionate consideration page: https://www.auckland.ac.nz/en/students/academic-information/exams-and-final-results/during-exams/aegrotat-and-compassionate-consideration.html.

This should be done as soon as possible and no later than seven days after the affected test or exam date.

Student Feedback

At the end of every semester students will be invited to give feedback on the course and teaching through a tool called SET or Qualtrics. The lecturers and course co-ordinators will consider all feedback and respond with summaries and actions.

Your feedback helps teachers to improve the course and its delivery for future students.

Class Representatives in each class can take feedback to the department and faculty staff-student consultative committees.

Helpful for learning
Prior student feedback noted the following features as being helpful for their learning:
  1. Visual (rather than note intensive) lecture slides provided for more interesting lectures.
  2. Introductory lectures provided via pre-recorded videos.
  3. Nominated student note-takers for each lecture.
  4. Engaging students with in-class discussions.
  5. The course book readings, particularly the up-to-date content from industry publications.
  6. The team building approach the lecturer used to build connections between members of the class.
  7. The enthusiasm and approachability of the lecturer.
All of the above features will be retained within this year’s course.

Suggested improvements 
Prior student feedback suggested the following improvements to the course:
  1. Lecture notes: As the lecture slides are largely visual, students have to take their own notes. During previous years, students worked in teams to provide notes for each lecture. The notes were assessed against participation marks. This approach was positively received by students so will continue this year. 
  2. Lecture recordings: In prior years the lectures were not recorded. Students felt it would be beneficial if the lectures were recorded. This year the lectures will be recorded. 
  3. Provision of lectures slides within the course book: Students suggested that including the slides within the course book would reduce their need to print slides during the semester. Providing slides within the course book will limit the ability to adapt the content during the semester to address emerging issues and/or adapt the course to address student feedback. The lectures will therefore be progressively uploaded as the course progresses. Where practicable, it is suggested that students use digital versions of slides (rather than printed) in order to avoid printing costs.

Student Charter and Responsibilities

The Student Charter assumes and acknowledges that students are active participants in the learning process and that they have responsibilities to the institution and the international community of scholars. The University expects that students will act at all times in a way that demonstrates respect for the rights of other students and staff so that the learning environment is both safe and productive. For further information visit Student Charter (https://www.auckland.ac.nz/en/students/forms-policies-and-guidelines/student-policies-and-guidelines/student-charter.html).

Disclaimer

Elements of this outline may be subject to change. The latest information about the course will be available for enrolled students in Canvas.

In this course you may be asked to submit your coursework assessments digitally. The University reserves the right to conduct scheduled tests and examinations for this course online or through the use of computers or other electronic devices. Where tests or examinations are conducted online remote invigilation arrangements may be used. The final decision on the completion mode for a test or examination, and remote invigilation arrangements where applicable, will be advised to students at least 10 days prior to the scheduled date of the assessment, or in the case of an examination when the examination timetable is published.

Published on 13/02/2020 04:31 p.m.