Introduction An Employee is an individual who works part time or full time under a contract of employment in an organization where as Third party managers are an individual who is hired from outside the organization but works for the organization. The advantages or disadvantages of working as an employee manager as opposed to a third-party manager can be summarized as follows: Advantages of Working as an Employee 1. Less cost: The first main advantage of working as an employee is that it costs less as comparing to the third party manager. As the employees works inside the organization and third party managers are hired from other organizations. 2. Well known to the organization: The employees of the organization are well known to the environment …show more content…
More openness: There is more openness among the employees working in the organization as comparing to the third party manager. Disadvantages of Working as an Employee 1. Lack of expertise knowledge: There is a lack of expertise knowledge in the employees as compared to third party manager as they have more knowledge. 2. Biasedness: Sometimes the biasedness occurs in decision making due to personal likings and disliking for employees where as it does not happen in the case of third party manager. 3. Lack of interpersonal skills: There is a lack of interpersonal skills among the employees of the organization as compared to the third party manager. 4. Unfair decision: Sometimes unfair decisions are taken by the employees working in the organization but it does not happen with the third party manager. Reasons for Hiring Property Manager There can be many reasons why property owners would choose to hire a property manager rather than manage property themselves. Some of the reasons are as follows: 1. Setting the right rental rates: Property manager helps to set the right rental rates of the property as they have more knowledge of the …show more content…
Maximizing the profitability of the money: Most property managers charge a percentage of your property 's monthly rental rate in exchange for their services. The rate typically runs anywhere from 6-10%, which is generally less than the money you save by hiring a professional to take care of your property. 6. Financial record keeping: Property manager also manages the daily record keeping of the financial transactions related to property. 7. Property law and regulations: A property manager has up to date knowledge about the property laws and the related regulations. 8. Inspection reports: Property managers have to do the daily inspection of the properties so that in case if there is any fault detected can be easily sought out. 9. Enabling owner to invest in geographically distant properties: Mostly the owners are not able to invest in properties beyond your home area but by hiring the property manager it becomes easier to invest in geographically distant properties. 10. Collecting and depositing monthly rent payments on time: Property manager also has to collectthe monthly rent payments from the tenants and depositing it to the owner’s account. 11. Sharing of the responsibilities: A property manager also shares the responsibilities of the property owner so that the burden of the owner can be
Managers have a multitude of formal responsibilities and are accountable for the actions of their employees. Managers must lead and direct an organization through manipulation and deployment of an organization?s resources. People in a management position are expected to carry out specific functions, jobs, and responsibilities; they must influence people, manipulate the environment, money, and time to achieve
Also, another thing would be the lack of motivation to help the client with that topic of
“Real estate is land, all of the natural parts of land such as trees and water, and all permanently attached improvements such as fences and buildings. People use real estate for a wide variety of purposes, including retailing, offices, manufacturing, housing, ranching, farming, recreation, worship, and entertainment.” (Answers.com) In order to more specifically focus on a specific area of real estate this discussion will deal with the housing industry of real estate. In this discussion, when housing is analyzed it will be in the realm of rental real estate.
perform well. The sense of being out of touch with the others in the work force
Managers are responsible for setting goal and objectives for their staff .And the setting objectives managers must work with team .Managers ensure that the team objectives are met when the objective individual and specific to team .They can easily focus their target, improving and increasing customer satisfaction.
It is very clear that the problems experienced in the companies are not lone standing but in most of the cases they are dependent on each other and there are strong bonds or relationships with regards to the cause and effects between them. It is therefore important to form or establish a strong cause and affect between them.
In this case these team members may share the responsibility depending on what goal they are looking forward to achieving. The management function can be shared, coordinated, and planned by a team or group of individuals, in other words a team does not need good managers to generate good management.
miscommunication, which in ways could cause loss of work time, due to doing the wrong job.
Advantage of hieratical organisation Employees know their objectives clear in their job task and carry out efficiently. Beside that, every staff specialised their job. For example: engine designers responsible for designer and develop engine. HR staff responsible recruits and select people. Divide of labour and specialization can be applied so that it increase the working efficient and reduce operation cost.
Insufficient Performance: may be action on the part of the employee, which is a form of misconduct, or be the failure to satisfy task requirements, where ...
The management team in the case of “The Chattanooga Ice Cream Division” was not a team that seemed to be effective in making decisions or supporting each other. The team had a lack of communication with one another and this led to a breakdown with knowing the true state of despair the company was in. Communication is a very important element in a workplace, and the way a team receives communication is
Valuation of real estates or properties basically, refers to appraising a property or a real estate to form an opinion about the value of the property. This value is normally the properties’ market value. Properties are heterogeneous in nature; meaning they are not all identical or alike and thus, they have different values. However, it is possible to get a range for the values. There are some obvious factors like physical location of a property that automatically makes the market value of different properties differ. The materials used on a property and other features also contribute to making property differ in their value. Other factors such as the physical size of a property still determine a property’s market value (Histon Fine Homes, 2008
...onship between the employer and the employee. Employers who recognize this and proactively use strategies to promote employee involvement and fair employment practices will be likely to reap the organizational rewards of doing so.
Insufficient communication could be another resistor. The leader could explain for his team why they need to attend more training courses, the benefit of gaining more information and how it will affect the directorate. Or he could go to the simple way which is giving instruction to the team and that is all. This all depend up on the style of the leadership. This could be a resistor because in DG, employees get used to work in an environment tha...
Describe and explain how this factor can potentially have a negative influence on workplace relationships