One of the best methods to keep your apartment or mixed use
building investment profitable and increase its long term
value, is to be constantly vigilant about keeping your tenants
satisfied. Satisfied tenants tend to stay longer and thus they
reduce turnover and your costs. Many individual owners of
apartment buildings make the mistake of lowering the rent of
their apartment buildings because they erroneously believe
that lower rents will keep their apartment buildings full and
turnover lower
Through Property Asset Management
experience in the market we find that in reality, most people
chose to stay at an apartment building because they are happy
where they are. The price of the rent being paid by the tenant
is important, but it is only one of many factors that will
contribute to his or her decision to stay and renew their
lease. Apartment building owners can maintain a high occupancy
rate while charging market rents if they provide a
professional quality living environment for their tenant's.
Property Asset Management tenant services include;
- Full Letting and Management Services including Lease Agreements, Deposit collection, gather References, Rent collection
- Reducing Void Occupancy
- Property Promotion
- Liaising with Tenants
- Rent Default Management
- Disturbance and Security Management
- Apartment Maintenance and Repair
- Landlord Representation
- Value Enhancement Strategy's