Unit of competency Outline

Date retreived
22/07/2026 7:54 PM AWST

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Establish and maintain property management portfolio

Establish and maintain property management portfolio

Unit of competency
National Code
CPPREP4141
State Code
OAQ65
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
21/03/2019
View on TGA
State Implementation and Classification
Approved Date
03/06/2020
Field of Education
080503 - Real Estate
Original Release Date
03/06/2020
Nominal Hours
25
Description
This unit specifies the skills and knowledge required to maximise a property management portfolio.It includes analysing current and future property demands in a target area, analysing the current property management portfolio, identifying underperforming services and properties and developing strategies to consolidate a property management portfolio for increased opportunities.This unit applies to people currently working in or seeking to work in real estate. State or territory licensing requirements may apply to this unit.
Notes
Elements and Performance Criteria
1 Analyse current portfolio.
  • 1.1 Analyse existing property management portfolio to identify high-performing and underperforming properties.
  • 1.2 Quantify property management opportunities to add to or rationalise portfolio.
  • 1.3 Determine optimum property management portfolio mix.
2 Conduct rental property market analysis.
  • 2.1 Identify target areas for property management.
  • 2.2 Analyse demographics of the target area.
  • 2.3 Analyse current market trends for pricing.
  • 2.4 Identify market supply and demand for identified property types.
3 Develop strategies to identify potential clients.
  • 3.1 Profile potential client characteristics.
  • 3.2 Develop a range of activities to target profiled clients.
  • 3.3 Establish timeframes for activities to target profiled clients consistent with market trends.
  • 3.4 Develop prospecting methods to target profiled clients.
  • 3.5 Develop strategies to utilise networks to identify potential clients.
4 Consolidate property management portfolio.
  • 4.1 Identify property management services that are underperforming or inconsistent with target portfolio mix.
  • 4.2 Make recommendations to improve or remove underperforming or inconsistent properties or services.
  • 4.3 Make recommendations to increase property management portfolio opportunities.
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