Problems and prospects of residential properties management in nigeria; a case study of kaduna north local government area

Project Abstract

The management of residential properties in Nigeria, particularly in Kaduna North Local Government Area, faces various challenges and opportunities. This study aims to explore the problems and prospects associated with the management of residential properties in the region. The research design involves a mix of qualitative and quantitative methods, including interviews with property owners, tenants, and property managers, as well as surveys to gather data on the current state of residential property management in Kaduna North LGA. The findings reveal several key problems affecting residential property management in the area. These include issues related to property maintenance, rent collection, tenant-landlord disputes, and inadequate infrastructure and amenities. Property owners often struggle to maintain their properties due to financial constraints and lack of skilled labor. Rent collection is a major challenge, with many tenants defaulting on payments, leading to disputes and legal proceedings. Additionally, the lack of basic amenities such as water, electricity, and security poses significant challenges for both property owners and tenants. Despite these challenges, there are also prospects for improving residential property management in Kaduna North LGA. The growing population and urbanization trends in the area present opportunities for property owners to attract tenants and increase rental income. The increasing demand for housing also creates prospects for property managers and real estate professionals to offer specialized services to property owners and tenants. Furthermore, improvements in infrastructure and amenities, such as road networks, water supply, and security, can enhance the value of residential properties in the region. Overall, this study contributes to the existing literature on property management in Nigeria by highlighting the specific challenges and prospects faced by property owners and managers in Kaduna North LGA. The findings have implications for policymakers, real estate professionals, and other stakeholders involved in residential property management. By addressing the identified problems and leveraging the potential opportunities, stakeholders can work towards improving the management of residential properties in the region and ultimately contribute to the sustainable development of the real estate sector in Nigeria.

Project Overview

<p> </p><p><strong>INTRODUCTION</strong></p><p><strong>1.1 &nbsp; BACKGROUND TO THE STUDY</strong>&nbsp;Residential property management is emerging as a managerial science today (Kyle and Baird, 1995). It transcends beyond the role of rent collector (Li, 1997). Managing a residential property involves establishing goals, objectives and policies and implementation of strategies to achieve those goals and objectives. Singh (1994, 1996) posited that residential property management is an activity that seeks to control interests in property owner and particular purpose for which the property is held. Wong (1999) considers residential property management as the work carried out to manage and maintain the development including its facilities at the level that will retain or enhance the value of the residential property, create a safe, functional and conducive living environment for occupants, keep or restore every facility in efficient working order and in good state of repair, and project a good appearance or image for the development. Ismail (1996) regards residential property management responsibility as including all the necessary making to ensure the economic and physical vitality of residential property assets.</p><p>Residential property management is also the management of personal property, equipment, tooling and physical capital assets that are acquired and used to build, repair and maintain the residential property. Property management involves the processes, systems and manpower required to manage the life cycle of all public residential property as defined above including acquisition, control, accountability, responsibility, maintenance, utilization and disposition (Njoku, 2006).</p><p>According to Ebie (2012), duties involved in residential property management generally will include a minimum of these basic primary tasks</p><ol><li>The full and proper screening or testing of an tenants/applicant’s credit, criminal history, rental history and ability to pay.</li><li>Lease contracting or accepting rent using legal documents approved for the area in which the property is located.</li><li>Mitigation and remediation regarding any maintenance issues, generally within a budget, with prior or conveyed consent via a Limited Power of Attorney legally agreed to by the property owner.</li></ol><p>There are many facets to this residential property management, including managing the accounts and finances of the real estate/residential properties, and participating in or initiating litigation with tenants, contractors and insurance agencies. Litigation is at times considered a separate function, set aside for trained attorneys. Although a person will be responsible for this in his/her job description, there may be an attorney working under a property manager. Special attention is given to landlord/tenant law and most commonly evictions, non-payment, harassment, reduction of pre-arranged services, and public nuisance are legal subjects that gain the most amount of attention from residential property managers. Therefore, it is a necessity that a public residential property manager be current with applicable municipal, county, state and Federal Fair Housing laws and practices. In advanced countries, residential property management, like facility management, is increasingly facilitated by computer-aided facility management (CAFM).</p><p>However, managers of residential properties in Nigeria are faced with various kinds of problems ranging from uncooperative attitude from workers, poor maintenance and environmental condition, security and other basic infrastructures. Some managers in Nigeria have been able to cope with some of these challenges but the researcher will provide an overview about the problem and prospects of residential properties management focusing on Kaduna North Local Government Area.</p><p><strong>1.2 &nbsp; STATEMENT OF THE PROBLEM</strong>&nbsp;According to Bello (2008), residential property is more than a mere shelter; it includes all facilities within and around it, embracing a bundle of services which entails both product and process. Management of residential building embraces in all ramifications the maintenance and development process, be it economic, social, physical). In fact, management of these properties has been subject of focus by researcher in recent times based on the cumbersome nature of the process. The problem of poor management of residential properties is a global phenomenon and the severity of the problem differs from one nation to another. However, the researcher is seeking to examine the problems and prospects of management of residential property in Kaduna North Local Government Area. <strong>1.3 &nbsp; OBJECTIVES OF THE STUDY</strong>&nbsp;The following are the objectives of this study:</p><ol><li>To examine the problems of residential properties management in Kaduna North Local Government Area.</li><li>To analyze the prospects of residential properties management in Kaduna North Local Government Area.</li><li>To identify the solution to the problems of residential properties management in Kaduna North Local Government Area.</li></ol><p><strong>1.4 &nbsp; RESEARCH QUESTIONS</strong></p><ol><li>What are the problems of residential properties management in Kaduna North Local Government Area?</li><li>What are the prospects of residential properties management in Kaduna North Local Government Area?</li><li>What is the solution to the problems of residential properties management in Kaduna North Local Government Area?</li></ol><p><strong>1.6 &nbsp; SIGNIFICANCE OF THE STUDY</strong>&nbsp;The following are the significance of this study:</p><ol><li>The outcome of this study will educate the general public on the problems and prospects of managing residential properties in Nigeria emphasizing on its proper management and some other management challenges which will form a guide for estate managers in decision making.</li><li>This research will also serve as a resource base to other scholars and researchers interested in carrying out further research in this field subsequently, if applied will go to an extent to provide new explanation to the topic.</li></ol><p><strong>1.7 &nbsp; SCOPE/LIMITATIONS OF THE STUDY</strong>&nbsp;The scope of this study on the problems and prospects of residential properties management in Kaduna North Local Government Area will cover all the basic problems faced by managers in effective maintenance of both the infrastructure and finances generated on residential property. <strong>LIMITATION OF STUDY</strong>&nbsp;<strong>Financial constraint</strong>– Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview). <strong>Time constraint</strong>– The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work. <strong>1.8 &nbsp; DEFINITION OF TERMS</strong>&nbsp;Management: the process of dealing with or controlling things or people. Residential: designed for people to live in. Property: a thing or things belonging to someone; possessions collectively.</p><p><strong>REFERENCES</strong>&nbsp;Bello, N. A. (2008): The Economics of Land and Housing. (Revised Edition). Abeokuta: DENAB Publication. Ebie, S. P. O. F. (2012): The Imperative of Social Housing in the South-South Region of Nigeria. The Estate Surveyor and Valuer. Vol.37(1). July-December 2012. Ismail, I. (1996) “The Operational Property Management Process in Large Non-property Organization in Malaysia” <em>unpublished Ph. N. Thesis, </em>University of Reading. Kyle, R.C. and Baird, F.M. (1995) “Property Management” <em>Real Estate Education Company</em>, Chicago, II. Li, L.H. (1997) “Property Management in China: Opportunities and Problems” <em>Property Management. </em>Vol. 15, No. 1. p. 6 – 11. MCB University Press ISSN 0263 – 7472. Njoku, J. (2006): “Why ‘Cash and Carry’ Housing Transaction Persist’. Retrieved on 29/4/2009 from <a target="_blank" rel="nofollow" href="http://www.library.hbs.edu/hbsonly_cgi">http://www.library.hbs.edu/hbsonly_cgi</a>. Singh, G. (1994) “Re-engineering property management: Sustaining Asset Value through Effective Property Management” <em>Conference of Property Maintenance and Management </em>in the 90’s 30 – 31 May, Kuala Lumpur, Malaysia. Singh, G. (1996) “Property Management in Malaysia” <em>Federal Publication</em>s, Malaysia, p. 4. Wikipedia (2015): <a target="_blank" rel="nofollow" href="http://www.wikipedia.com">www.wikipedia.com</a> Wong, K.S. (1999) Property Management in Private Practice, <em>Unpublished Lecture Notes</em>, Kurus Pengunesan Hartanah dan Facilities 20 – 23, September, INSPEN</p> <br><p></p>