Developing and managing the property as an asset and investment is a multifacet responsibility that includes several tasks such as:
- Evaluating the property value pre-purchase,
- Developing property according to industrial standards and client requirements.
- Risk evaluation, risk adjustment, and risk management for optimizing the profitability of the investment.
- Maintaining and restoring the property.
- Managing and marketing the property.
- Renting or reselling it.
Developing a property according to standards set by authorities, keeping in mind the taste of the owner and tenants while maximizing the potential of the property is in itself a very technical task that requires vast knowledge and experience in the industry.
Risks involved vary from workplace injury, security appliances malfunction, vandalism, unfavorable weather conditions, and so on. Keeping a tab on all the risk factors and optimizing the operations to minimize the risks involved, and reducing the costs of damage and control also require a great deal of knowledge and exposure to the industry.