Property Management Standards – Part 3
Guest Contributor: Amanda Watkins
Last week’s standards discussion was centered on standard practices and terms in specific areas of property management. Today we’ll explore how the principles of property management are established, as well as touch on disposal of property and how property management affects your career and development training.
The standard of “Establishing the Guiding Principles of Property Management” was based on a need for a unified set of property management standards. Many organizations were establishing their own policies and standards based on their own property management needs. Unfortunately these standards did not always reflect true “best practices,” for property management, nor were they relatable to the standards of other organizations. Consequently, the guiding principles were intended to create a basis for every organization to follow.
The idea was to exercise commonality amongst the industries, increase ease and efficiency and thereby increase effectiveness. Accordingly, commonality is the basis for resource sharing across jurisdictions. It is from the “Guiding Principles of Property Management,” that Emergency Management Organizations – or any organization that utilizes fixed and mobile assets to achieve mission critical tasks – can coordinate their workflows.
Simply put: if it’s easier to do, it’s easier to use and if it’s easier to use, it’s more likely to get used. In effect, this standard provided the framework for an efficient fixed and mobile asset system to acquire property, utilize property, and dispose of property.
This leads us into discussion of our next standard: “Disposal of Property.” Disposal of property is more than just best practices for removing assets from your inventory; it also deals with properlyre-utilizing fixed and mobile assets thereby maximizing value. The disposal of property standard ensures that property managers maximize the asset’s residual value, or the salvageable materials that can be rescued prior to donating, scrapping or recycling (or e-cycling) any resource.
The Disposal of Property Standard isn’t telling you how to classify your disposal methods, how to dispose (because those methods will vary from industry to industry and even state to state depending on laws), or the specifics on environmental safety regulations. Rather, what the Disposal of Property Standard does do, is deal with the very vital last step in the fixed and mobile asset life cycle tracking process.
Finally, we’ll look into E2379-09: the Standard Practice for Property Management for Career Development and Training. There are many educational opportunities for Property Managers and therefore a common curriculum must be set in place. This is the basis for the Career Development and Training Standard. PPCD (Personal Property Career Development) programs are governed by this standard and strive to make sure that no matter how or where the education in this field comes from, all PPCD programs will meet the standards for development.
According to this standard, no one organization’s education will differ from another’s. This cohesion in curriculum minimizes confusion in the property management industry. Essentially, conflicting schools of training would entirely negate the very idea of property management standards. In this sense, effective property management standards begin with effective property management education, and the Career Development and Training Standard ensures this.
Join us in the comments below to discuss your Property Management education. Have you taken classes or courses anywhere? The National Property Management Association offers certification courses that have continuing education credits associated with them. There are also several degree programs out there, like these offered via the NPMA.