Study Guide

Objective

After completing the course, students must:
- be able to explain what a housing stock company and a property company are, including their legal and organizational structures
- understand the roles and responsibilities of the board and the managing director
- be able to describe the basic factors that affect the operating environment of the industry
- be able to identify and analyze the different phases of the business year and understand how these affect planning and business management
- know how to use the year clock as a tool to plan and follow up the business
- have a good understanding of the role and function of the Association of Property Managers in property management and board work
- be able to lead effective board work
- be able to describe the basic ethical principles that govern the asset management industry and how these affect the daily work
- be able to apply ethical guidelines in the industry, including handling conflicts of interest and transparency in decision-making
- understand the importance of sustainability in real estate management and be able to identify methods for integrating sustainable solutions in the industry

Content

- What is a housing stock company and a property company
- Operating environment and annual clock
- The Finnish Real Estate Management Federation
- Board work
- Ethics and sustainability in the property management industry

Location and time

Mondays week 37 - 43 (not week 42), online

Materials

See current course realization

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

Students can give a basic definition of what a housing and property company is and are able to name basic roles and responsibilities
Students can identify the basic factors that affect the operating environment in the industry
Students can describe the business year and understand how this affects planning and business management
Students can describe the basic role and function of Finnish Real Estate Management Federation
Students can explain the principles for effective board work
Students can identify basic principles for ethical and sustainable operations in the industry

Assessment criteria, good (3)

Students can give a clear definition of what a housing and property company is and be able to name basic roles and responsibilities
Students can describe the most significant factors that affect the operating environment in the industry
Students can practically use the year clock for the business year and understand how it affects planning and business management
Students can in detail describe the role and function of the Finnish Real Estate Management Federation
Students can apply the principles for effective board work
Students can describe the principles for ethical and sustainable operations in the industry and apply these in practice

Assessment criteria, excellent (5)

Students can give a clear definition of what a housing and property company is and be able to describe different roles and responsibilities
Students can apply the most significant factors that affect the business environment in the industry
Students can effectively use the year clock for the business year and adapt it to different situations
Students can describe the Finnish Real Estate Management Federation's role and function and use this as a resource in their work
Students can efficiently and agilely lead a board
Students can analyze the principles of ethical and sustainable business in the industry and apply these in complex situations

Qualifications

None