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Innovation - Property Management

Innovation – Property Management

What is Innovation?

Innovation is defined simply as a new idea or method.

It can also be summed as Unconventional, Change, Alteration, revolution, transformation, reorganization, restructuring, rearrangement, recasting, remodeling, renovation, variation and more.

Innovation is about creating value for stakeholders by implementing new ideas.

Why is Innovation Important?

There is nothing as permanent as change and hence it is extremely important for organizations to keep deriving new ideas or methods to survive in the changing environment.  Organizations cannot sustain market share or its profit margins over a long period of time unless it is innovative. Failure to innovate will eventually affect prices, declining margins.

What is Innovation in Facility Management?

Innovation in facilities management is the introduction of a new product or process, which delivers tangible and measurable benefits in terms of operational cost reductions, increased efficiency and optimizing building usage and performance. It is not merely process improvements.

Key areas for implementing innovative ideas in Facility Management are:

– Health, Safety & Environment (HSE)

– Maintenance, Testing & Inspection

– Housekeeping

– Operational Management

– Procurement

– Business Continuity Planning

– Leasing & Optimum utilization of space

It is extremely important that organizations allow competent facility management companies to bring in new ideas, give them operational freedom and monitor progress to achieve the desired goals.

 

backyard landscaping plans

Landscaping……Do’s & Dont’s

If you have a garden in your front or backyard, you may enjoy having different kinds of vegetation in it including flowers and trees. Trees in particular will bring not only joy to you and your family, but have additional benefits such as cleaning the air, providing oxygen, cooling the streets, invite wildlife and prevent erosion.

But planting a tree isn’t as simple as digging a hole and throwing the tree into it. You need to consider your land, the climate where you live, what plants are suitable to your local area, and other factors such as zoning laws before you can plant any trees. By taking the time to think about these factors, you will be able to successfully plant and enjoy a tree or trees for years to come.

Part 1 of 4: Deciding What Kind of Tree to Plant

  1. Consider your goal. Before you begin the process of planting a tree or trees, first consider your ultimate goal. Do you want to add a couple of trees to your property to give it greater curb appear and increase the value of your home? Or maybe you just want the pure enjoyment of seeing the tree grow and invite wildlife such as birds to sit on its branches. Knowing what you want in planting a tree will help you make the best decisions about everything from what kind of tree best suits your needs to where to plant it.
  1. Think about your local climate. You’ll need to think about the weather in your local area before planting a tree to make sure that you get a species that will survive and thrive in your garden or yard. Using the Plant Hardiness Zone scale can help not only identify your local climate, but also the best types of trees to plant.
  1. Consider your land. You’ll also want to consider the terrain on your property before you plant a tree. Factors such as slope, neighbors, drainage and erosion can have an impact on what trees will thrive on your land.
  1. Check local laws for digging holes and planting trees. Most communities will have zoning laws about trees and digging holes on properties within its borders. It’s important to check these laws to make sure that you are able to dig and plant trees. If not, the community may not only prevent you from planting the tree, but also force you to pay fines.
  1. Talk to a professional. If you have any questions or are unsure about something related to planting a tree, talk to a professional arborist in your area. Consulting with someone who understands your wishes and local conditions can help you find the best trees to plant.
  1. Buy your tree. After you’ve done the background work on your climate, land, and zoning laws, you’re ready to buy a tree to plant. Purchase a suitable tree for the region, climate, and your yard.

Part 2 of 4: Preparing to Plant a Tree

  1. Select the right time of year for planting the tree. You want to give your plant the best chance at growing and surviving. Planting at the right time of year is a key factor in this. Planting times will vary depending on the plant and where you live.
  1. You will usually want to plant your tree when it is dormant, or not flowering, during cooler or colder times of year. Again, this will vary depending on where you live.
  1. Prepare the tree for planting. Once you’ve purchased your tree, you need to prepare it for planting. This will help ensure that you’re planting the tree properly and that it will survive. The process is slightly different for a small tree and a large tree.
  1. Know that if you are planting a tree from the seed of a fruit that you will not get the same kind of tree. For example, if you are planting a seed from a Golden Delicious apple, you won’t necessarily get a Golden Delicious apple tree. You’ll only be able to tell once the tree fruits.

Part 3 of 4: Planting a Tree

  1. Decide where you want to plant it and mark it. Once you’ve had a chance to look at your land and think about what your goal is, you can decide on a spot to plant your tree. Mark this spot with a bright and wide circle.
  1. Measure the root ball. Before you start digging the hole to plant your tree, measure the plant’s root ball. This will tell you how deep you need to dig the hole.
  1. Prepare the hole for the tree. Using a shovel, dig the hole in which you’ll plant your tree. You want to make sure that it is large enough to accommodate the tree’s size and give it plenty of room to grow and take root.
  1. Place the tree into the hole gently. The time has finally come to plant your tree. After you’ve carefully prepared the hole, place the tree gently into its new home. If it doesn’t fit, remove it and adjust the size of the hole.
  1. Position the tree. When the tree is in the hole, identify its best face and turn it in the direction you want. Taking this step will make sure that you can enjoy how the tree looks and also make sure your tree has its best face forward.
  1. Backfill the hole. Using a mixture of compost and the soil you dug out while you prepared the hole, backfill (or refill) the hole. Make sure you have enough soil to support the roots while giving them room to grow.
  2. Stake the tree if necessary. If your tree is still a sapling, use a stake to help it grow for about the first year of its life This will keep the tree from blowing over in the wind and allow the roots to become established.

Part 4 of 4: Caring for Your Tree

  1. Water the newly planted tree. Once the tree is planted, water it and keep up a regular schedule of watering. This will help the roots become established in the surrounding soil.
  1. Use mulch. Considering adding a layer of mulch around your tree to help keep moisture in and weeds out.
  1. Prune the tree if necessary. If there are any broken, dead, or diseased limbs on your tree, remove them gently with a knife or gardening shears. If there is nothing wrong with the tree, there is no need to prune it until after the first growing season.
  1. Enjoy the tree as it grows over the years. Appreciate its shade and beauty and thank yourself for adding another tree to the world. You won’t regret it and as long as you properly care for it, the tree can grow a long time!

Visit www.os2.in for property management services

PROPERTY MANAGEMENT

When should you hire a Property Management Company?

Traditionally, most property owners manage their properties on their own or with the help of their employees. There comes a time when property owners need more help, and that’s when they turn to a Property Management Company.

The decision to sign up with a Property Management Company is a major decision for any property owner.

If you are property owner, carefully review the points below to determine whether hiring a Property Management Company is the right move for you or your business.

What Does a Property Management Company Do?
A Property Management Company works at the behest and on the behalf of the property owner. They directly liaise with prospective clients and existing tenants, thus saving time and worry over activities involving marketing rentals, collecting rent, handling maintenance & repair issues, tending to tenant complaints, and even pursuing tenant evictions.

The Property Management Company brings its know-how and experience to the property, thereby giving the owner peace of mind knowing the asset is being managed well and is in safe hands.

You Consider Hiring a Property Management Company if…….

You have several properties / rental units. The more properties you own the more time you’re likely to spend managing the properties. You might find yourself inundated with various disciplines of work for which you may not have time or the aptitude.

You don’t live near your rental property. If your property is at a distant proximity from your home or work place, dealing with property related issues might be challenging as there may be such issues that you cannot handle from afar.

You’re not interested in hands-on management. If you view your property ownership strictly as an investment and want little or nothing to do with the day-to-day management of your property, then you would need someone else to look after the operational aspects of the property for you.

Your time is limited. Being an owner, you may enjoy the hands-on management of your property, however, this might be at the cost of other important obligations – like family or work / business. You may not be in a position to manage everything given the amount of time you have.

You can afford the cost. Hiring a Property Management Company is an attractive option  and the fees range between 5-10 % of the gross rent you collect per year. These fees have been relatively steady for many years.

You’re suddenly inundated with tasks. As a property owner, you may find that in a particular time in life, when your complete attention is required at work or with your family, inopportunely you get inundated with tasks pertaining to the property.

How to Find a Good Property Management Company?

If you decide to hire a property management company, use caution in selecting one. Here’s how:

  • Don’t go by big name alone
  • Hire companies that have new and innovative ideas
  • Choose companies that are focused in giving you value solutions
  • Always hire companies that become your long term partners rather than vendors.

Author of this article is Mr.Tejas Ubale, Founder & Managing Partner, One Stop Solutions, OS2