We’re discussing the pros of professional property management on Talking Property with The Consortium Properties today. Here are some of the reasons why property owners may need to engage professionals to manage their properties.
1. SAVE ON TIME
Owning property comes with alot of responsibilities such as maintenance of the property which requires running errands and buying different building materials, payment of ground rent and property rates, engagement of artisans to respond to faults etc. Engaging a property management company helps you save on time thereby being able to make productive use of time and have enough time for family and other important activities.
2. STRESS REDUCTION
Dealing with tenants, artisans, workers, and service providers may be hectic at times. This coupled with the need to continuously respond to faults and maintenance issues is a common cause of stress for most property owners. Which eventually leads to health issues, and at times, untimely death. There is no need to stress over matters that reliable professionals can handle on your behalf.
3. SCREENING OF TENANTS
One of the main roles of property managers is to ensure that they select quality tenants who are less likely to default on rental payments and most likely to take good care of the property. Renting property to tenants without screening them leads to delayed rental payments, damaged property and problematic tenants.
4. TIMELY PAYMENT OF RENTALS
Property Managers always ensure rentals are paid on time as they understand that timely rental collection is the only way for an investment property owner to generate reliable income. They can also enforce lease agreement provisions if rentals are not received on time. Additionally, if a tenant consistently delays their rental payments, they know what steps to take in such cases, and if necessary, issuing eviction notices. If further action is required, they also know what to do.
5. HANDLING OF TENANT’S CONCERNS
Tenants pay for a service, accommodation. Therefore, they have expectations, concerns and have the right to ask and demand certain thin
6. REDUCTION IN PROPERTY VOIDS
7. DECREASED TENANT TURNOVER
8. MEDIATION
9. TENANCY AGREEMENT ENFORCEMENT AND COMPLIANCE
10. PROFESSIONAL COUNSEL
Kind Regards,
Mwenda Lupiya
Chief Executive Officer/ Registered Valuation Surveyor
The Consortium Properties | Endless Real Estate Possibilities!
Mobile Zambia +260 (97) 9 960 558
