Sometimes owners who decide to make their properties profitable do not have the time or adequate training to be able to
continuously handle and manage their properties.
To do this, they can employ the services of a Property Manager, who is the person in charge of managing the rental of a property or properties (including entire buildings) that belong to an investor or real estate owner.
Some of the main functions performed by a Property Manager are:
- The search for tenants: the Property Manager is in charge of looking for tenants that meet a series of requirements to be able to safely rent out the property. In addition to this, s/he will also take care of any problems and requests for maintenance or emergencies on the part of the tenant, as well as verifying the condition of the propertyonce the rental contract has been terminated.
- Management of rent: the Property Manager is in charge of setting a price appropriate to the market and the characteristics of the property, and will manage the monthly payment of rent.
- The maintenance and management of the building: s/he is in charge of keeping the property in perfect condition, supervising the currently unoccupied properties, contracting services and the management of tasks that come about in the maintenance of a building, as well as managing the budget and accounting, including taxes.
One of the main advantages of having the proper administration of real estate properties is the savings made in terms of time, money and hassle as owners.
In addition to that, a Property Manager will help to maximize the value of the investment, reducing both the risks and unnecessary expenses of maintaining a property.
At WeRelocate BCN we specialise in helping you find the place that really meets your requirements, as well as taking care of managing your investments so as to achieve a healthy, low risk return.