Property Management Strategies in the Post COVID 19 Pandemic Era in Nigeria: Moving Beyond the Myths and Misconceptions

Abstract

The paper focuses on the dynamics of real property management strategies adopted by Property Managers (PM) in the post Covid-19 pandemic era in Nigeria. The outbreak of the pandemic has put more pressure on the Nigeria real estate market, especially the Osogbo rental market, which is currently pigeonholed with an array of management crises. The persistent and disturbing setback caused by this action has necessitated the call for urgent and immediate attention and the need to re-evaluate the current property management strategies in Osogbo. Quantitative survey data was collected through the administration of questionnaire on the respondents. This was analysed using descriptive statistical tools. Findings of the study revealed the myth and misconceptions attached to real estate agency practice by tenants. Moreso, there reported cases of hostile relationship between property owners and tenants occasioned by the misconception, the aftermath effect of covid 19 pandemic and the growing cases of rent arrears as the conventional strategies could no longer address the contemporary issues in the post pandemic era. Therefore, the paper recommended the need for aggressive public enlightenment campaign that could help transform tenants’ psych/perceptions on the functions of PM, the supplying of more housing units to the housing market through public private partnership efforts and the domestication of basic health guidelines in property management plans, to promote healthy living and situations where landlords and tenants will interact as partners in progress that could engender sustainable rental growth and city development.