The process of identifying, assessing, and mitigating risks to minimize their impact on property operations.

Strategies and plans developed to respond effectively to unexpected events that could disrupt property operations.

Adherence to local and national regulations governing property management to avoid legal penalties.

A financial product that provides protection against potential losses related to property damage or liability.

A collection of real estate assets owned and managed by an individual or organization.

The systematic evaluation of potential risks to determine their likelihood and impact on property management.

Legal responsibility for damage or injury caused to others, which can result in financial loss.

A strategic planning tool assessing strengths, weaknesses, opportunities, and threats related to property management.

An analytical framework examining external factors (Political, Economic, Social, Technological, Legal, Environmental) impacting property management.

Involving relevant parties (owners, tenants, regulators) in the risk identification and management process.

Developing hypothetical situations to prepare for potential crises in property management.

Established procedures for managing crises to ensure effective and timely responses.

Strategies for communicating with stakeholders during a crisis to maintain transparency and trust.

A tool used to ensure all regulatory requirements are met within property management.

Identifying discrepancies between current practices and compliance requirements in property management.

Strategies designed to reduce the likelihood and impact of potential liability claims.

The extent of protection provided by an insurance policy against specific risks.

Established methods and strategies recognized as effective in managing risks within property management.

A comprehensive list categorizing identified risks within a property portfolio.

Simulated crisis scenarios used to evaluate response plans and improve crisis management skills.

A process where peers evaluate each other's work to provide constructive feedback and validation.

The process of completing and refining the risk management plan for implementation.

The practice of recording processes, strategies, and compliance measures for future reference.

Strategies aimed at safeguarding property assets from risks and liabilities.

Government bodies responsible for enforcing laws and regulations in property management.

Individuals or entities that invest in real estate to generate income or capital appreciation.