unit nineteen an introduction to property management english for construction project management...

Unit Nineteen An Introduction to Property Management

English for Construction Project Management

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What is property management?

What is the function of property management?

How did the concept of property management changed in the past decade?



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小区物业



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对于一个庄园来说，管家的工作职能就是物业管理



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Words and Expressions

property n 财产，所有物，所有权，性质，特性

oversee v 俯瞰，监视，检查，视察

underrate v 低估，看轻

apparent a 显然的，明白的，表面上的

depression n 沮丧，消沉，萧条

foreclosure n 丧失抵押品赎回权，排斥

deficiency n 缺乏，不足



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oversight n 勘漏，失察，疏忽

permanent adj 永久的，持久的，固定的

supervision n 监督，管理

dawn vi 破晓，开始出现，变得（为人所）明白 v 破晓

inspection n 检查，视察

capitalization n 资本化，股本，资本总额，大写



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first of all 首先，第一

in addition 此外，另外，并且

set up 建立，创立；准备，安排；引起，产生

in the past decade 在过去十年中，十年间



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Translation

maintenance of real property

维护保养物业

real estate industry 房地产业

permanent structure 永久性建筑物

rental income 租金收入

operation cost 运行费用



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物业管理 property management

业主 proprietor

管理缺陷 inadequate property management

现金流 cash flow

净收益 net proceeds



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长期以来，物业管理在房地产业中的作用得不到重视。直到 20 世纪 30 年代的大萧条时期，对专业化物业管理的需要才显现出来。

译： Property management has long been an underrated function in the real estate industry. The need for professional management did not become apparent until the depression of the 1930s.



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译：然而，传统房地产业重点一直是放在所谓的投资永久性因素方面——好的地点、好的施工、合理的长期财务收支——而不是一天天的物业运行。

However, the emphasis in the real estate industry has been on the so-called permanent elements of the investment—good location, sound construction, and reasonable long-term financing—rather than on the day-to-day operation of the property.



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Sentences Structure

① In simple terms, property means what one owns.

本句中的 In simple terms 表示“简而言之”的意思。

其中“ term” 一词既有“学期、期限、期间”之意，还有“术语、条件、表达方式”等意思，此处其意为“表达方式”。

全句可译为：简单地说，财产就是一个人所拥有的东西。



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② As a matter of fact, this is what the word property means in Property Management: land and its buildings.

as a matter of fact ：“实际上……”，短语中的fact 指“事实”。

该句可译为：实际上，这些正是 Property Management 词语中 Property 所指：土地及土地上的建筑物。



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③ The need for professional management did not become apparent until the depression of the 1930s, when numerous foreclosures revealed a pattern of management deficiencies.

本句中包含有“ not…until…” 句型，即“直到…，才…”。

Foreclosures 为“丧失抵押品赎回权”的意思。

全句可译为：直到 20 世纪 30 年代的大萧条时期，对专业化物业管理的需要才显现出来。当时大量的抵押物赎回权丧失揭示出了存在的一系列管理缺陷。



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④ In an era of rising costs, it has dawned on owners that good property management is the major controllable influence on residual cash flow (i.e., the number of dollars that end up in the owner’s pocket).

句中的 dawn 在此处为“变得（为人所）明白”之意。 residual cash flow 指“剩余现金流量”。 i.e. 即“也就是”。 end up 为“最终成为，以…结束”之意。

全句可译为：在成本费用上涨时期，业主已明白良好的物业管理是影响剩余现金流量（也就是业主口袋里最终拥有的现金）的主要可控制性因素。



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Comprehension Exercises

1. What property is? And what the word property means in Property Management?

Answer:In simple terms, property means what one owns.

It means land and its buildings.



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2. What is property management? Please give the definition of it.

Answer: Property management is the process of overseeing the operation and maintenance of real property to achieve the objectives of the property owner.



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3.What’s the management deficiency of traditional real estate industry?

Answer:This oversight might seem strange,

since running a large commercial or residential

project in which hundreds or thousands of

people reside or work is a highly challenging

task, calling for training, good judgment, and a

variety of technical skills.



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4.Why do those comparable properties within the same geographic area often show significant variances in rental income and operating costs?

Answer:Close inspection often shows that “above-average” operating expenses and lower than average rent levels result from inadequate property management.



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5.What is the classic mistake of the stock and bond investor moving into real estate?

Answer:The classic mistake of the stock and bond investor moving into real estate involves underestimating the importance of management. Some investors have the feeling that real estate manages itself.



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Reading Material

Performance of Building Service

Abstract ： The performance of the building services is a key factor in the building occupants’ assessment of their environment. Quality services which perform well throughout the life of the building will generally minimize the turnover of tenants and assist the building owner to maximize his or her return on their investment.

unit nineteen an introduction to property management english for construction project management...

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