If you own any property or are planning to own it, you are well aware of how time-consuming it is. As much as investing in real estate is one of the most lucrative ways to make money in Kenya, it also needs time and effort.
You may wonder why you need a property manager while the only thing you need to do if you own rentals, for example, is balance books every end month or do some occasional repairs here and there. However, so much is done if you want to expand your business. After all, why settle for one rental business when you can own more! This is why you need the services of Continuum Favour Properties.
Why us?
Here are some benefits of having us manage your properties.
- Setting the right rental rates:
It is one of the most important aspects of managing any property, be it residential or business. How do you set up the right rent? Do you consider;
- How other landlords are charging
- Amount it cost to build the apartments inclusive of other expenses and profit
- Or just a standard amount
We conduct a market survey for you, keeping in mind that there is a perfect balance between maximizing monthly income and maintaining a low vacancy rate.
- Timely collection and reconciliations of rent payments on time:
Some people can be difficult, meaning it may take longer for a client to deposit the rent even if they are not having any financial issues. For you, this may overwhelm, but for us, we have measures put in place that ensure the tenant pays on time. We then do a monthly reconciliation and send you the reconciled report. If you have several properties, timely collection of payments is essential to maintain your cash flow.
- Marketing your property:
As technology advances, advertising and marketing strategies change. A property manager, meaning us, will know where and when to market your property and also craft the most interesting advertisement. This will ensure that your property does not suffer long vacancies. It will also ensure that you get the right tenants and manage them for you. We will also handle maintenance, take care of routine inspections, and manage conflict resolution situations.
- Ensuring that you comply with housing regulations and property laws:
It is common for most people to have trouble understanding all the laws set by the government. To avoid attracting lawsuits and keeping your property up-to-date and in compliance with these regulations, you need a property manager. We ensure we abide by all laws and regulations, saving you any trouble or headache from the law.
- Enable you to invest in more diverse properties:
A diverse portfolio will enable you to maximize profits. This is one thing you may miss out on if you manage your properties by yourself. Not only will you have no time to look for properties outside the places you frequent most, but you may also buy a property at an outrageous price compared to if you had it sourced by a property manager.
Summary
In a nutshell, you need a property manager. You need a trustworthy property management company that will help you enjoy being an investor. This is not because we want you to bring your business to us (which we would love, by the way) but because it will save you time and all the stress of having a vacant building.
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