Owning real estate abroad is not only a pleasant investment, but also concerns related to remote management. How to make this process as comfortable and efficient as possible? ????⠀
Two main formats:
✅ Facilities management: a management company, condominium, or realtor responsible for the maintenance of the property (fixed fee).
✅ Property management: a company that works with tenants and maintains contact with the management company (percentage of services).
???????? Who to trust with management?
???? Licensed real estate agencies
???? Developer’s management companies
???? Housing owner associations
???? Property management companies
???? Specialized companies of private licensed realtors
???? Realtors
What services are usually included in management?
???? Security: especially relevant in complex areas.
???? Bill payments: utility payments, taxes, insurance, fees.
???? Cleanliness and order: surrounding area, property.
???? Rental income: rental registration, tenant search, contracts.
???? Repairs: selection and hiring of specialists.
???? Accounting: maintaining reports.
☝️Tips:
✔️ Choose a management company carefully: study reviews, compare offers.
✔️ Sign a contract: specify all details and obligations of both parties.
✔️ Control expenses: regularly request reports.
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✅ Overseas property management doesn’t have to be exhausting. Choose reliable partners UINVEST GROUP and enjoy comfortable ownership of your overseas asset!
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P.S. Follow us to learn more about the nuances of property management in different countries.
