REAL ESTATE MANAGEMENT CHALLENGES AND SOLUTIONS IN BAUCHI METROPOLIS

Abstract

The paper examined the real estate management challenges and solutions in Bauchi metropolis. Real estate management, as a critical component of the real estate sector, faces a multitude of challenges in its operational and strategic functions. Four (4) research questions were formulated from the following objectives:  identifying and analyze challenges faced by Real Estate Managers in Bauchi Metropolis, examining the strategies that have been used to address these challenges, evaluating the effectiveness of these strategies and identify areas for improvement and coming up with a workable solution to the identified challenges of real estate management in Bauchi Metropolis. The paper adopted descriptive research design and the target population was 200 representing real estate managers, real estate investors and real estate owners in Bauchi Metropolis. Stratified sampling technique was used and Taro Yamani’s statistical formular was applied to arrive at a sample size of 133. A statistical mean was used to interpret the result of the data collected. The findings revealed that Infrastructure development and regular training for real estate managers were seen as less viable solutions. Real Estate Managers should prioritize the integration of advanced technological tools, such as real estate management software, to streamline operations and improve efficiency. Real Estate managers should also focus on creating tenant retention programs that include incentives for long-term leases, improved communication, and tenant satisfaction initiatives.