The basic aims of management of real estates are:

• maintaining of a real estate in a not worse condition,
• well-founded investment in a real estate.

Competent management of real estates means combining of basic aims with purposes of their owners, which should be clearly specified. Purposes of owners of real estates determine the strategy to achieve the defined purpose:

• financial purposes: preferred by an owner expecting income from the real estate; in such a case an owner does not use the real estate himself or use it in small, limited scope,
• practical purposes: preferred by an owner using the real estate himself and expecting fulfilment of a defined practical function,
• social and economic purposes: preferred by a public owner.

The above mentioned purposes often appear altogether, but one of them is dominating.

Administration means exclusively carrying out of ongoing activities related to service of a real estate. So, management of a real estate covers substantially more extended scope of activities, although carrying out of activities of management of a real estate includes its administration as well.

Administration of a real estate covers the following activities:

• ongoing supervision and technical survey,
• repairs and ongoing maintenance,
• cleaning up;
• waste disposal,
• etc.