Managing property should have goals and objectives. There are two types of organizational goals that are short-term goals and long-term goals. Short-term goals are considered to be within one year and long-term goals are more than one year.
Short-term goals are also called operational goals because it will continue to be a day-to-day operation. Daily property management activities include waste disposal, housekeeping or gardening. Those who are designated to work on repairing pipelines should be people with skills and knowledge. Humanity should be qualified. In addition, the management structure should have been organized and always updated. Necessary information such as contracts or services must be checked to ensure that the service is always available to the owner or needs to be terminated. It is necessary to pay property information such as taxes and record financial information such as rent. The daily work of employees needs to be monitored to ensure that performance evaluation is good and of quality. Everything mentioned above is done in a short time.
Long-term goals are also known as strategic management. It is more about policy making and interpretation. It also involves the development, implementation and activation of programs. The owner seeks results. For example, the hotel owner's mission is to upgrade a three-star hotel to a five-star hotel within five years. Here, the property manager will ensure and monitor all necessary work to ensure that the task is completed at any time.
Organizational goals apply to the life of the organization. It is included in the strategic plan, the long-term five-year plan and the tactical plan. The organization should have an annual goal. The short-term goals in the operational plan should have a specific time frame.
Orignal From: Property management objectives
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