Skip to main content

Property Managers Secrets for success in Residential Real Estates

In the next 4 days we shall share Property Managers Secrets for success in Residential Real Estates

Being a property manager is very demanding. Owners, tenants, maintenance technicians, coworkers … someone is always trying to get a hold of you. You also need to possess many different skills to balance your everyday tasks and responsibilities. But being a property manager can also be very rewarding if you don’t let the stress consume you.

To help you on your path to stress-free property management, some of the property managers at Rullion Associates Limited, one of Lagos’ distinguished property management companies, have been kind enough to compile a list of tips to help make you a more successful property manager.

Tip #1: Know Your Properties Inside and Out

It’s important to be knowledgeable about each specific property you manage in order to answer any questions potential renters may ask.

Get to know the property to learn about any unique qualities or quirks it has. This helps you provide more information to renters, shows you have actually set foot on the premises, and saves you time by not having to look it up each time.

Knowing about the general area is helpful, as well. This allows you to provide prospective clients with information such as nearby access routes/roads, shopping centers, restaurants, schools, fun places, etc., which in return helps them decide if it’s somewhere they would like to live.

Try to avoid more sensitive subjects such as crime rates and the tribalism spread of people and population in the area. Providing information on these topics is a put off for some people.


People interested in renting in the area need to do their own research in order to make the best decision for themselves. But knowledge is power and the more knowledge you have in regards to each specific property, the more success you will have when it comes to renting the property and therefore maintaining a good relationship with the owner and/or renter.

Comments

Post a Comment

Popular posts from this blog

Quick fixes for quick profits in real estate

It has been said several times that ‘ideas rule the world’ and this holds true in real estate investing as well. We want to examine a time-tested idea that guarantees quick turnaround time and good returns on investment in most real estate markets. We’ll be examining guidelines for making a good return in rehabilitating and selling properties. First, you need to find a property that is in need of repairs or renovation but is located in a good area. 
Post a Comment
Read more

Long-term fund paucity hindering property development — Wemabod

The management of Wemabod Estate Limited has said the construction industry is plagued by the absence of long-term funds, which is hindering its growth and the ability of the country to bridge the housing deficit. According to the company, funding remains a critical challenge as real estate development is not merchandising but long-term investment. The Chairman, Wemabod Estate, Dr. Bayo Adewusi, stated this in Lagos when the new Group Managing Director of its holding firm, Odu’a Investment Company Limited, Mr. Adewale Raji, paid a maiden visit to Wemabod.
Post a Comment
Read more

Tip #2: Be Dependable and Available

Being a dependable person is extremely beneficial to being a successful property manager. It’s important to respond to phone calls and e-mails in a timely manner. If you are managing numerous properties you will be very busy, but being available when owners and/or tenants need to speak with you is essential. This builds trust within your business relationship and makes your client feel confident that they can rely on you. You certainly have a life outside of work. There is no need to give out your personal cell phone number. As long as they have your e-mail address and you try to keep yourself available as much as possible during regular business hours, that is enough. Time management and organization are also a huge part of being dependable. Don’t spread yourself too thin. Make sure you schedule meetings accordingly in order to meet your clients’ needs. Lastly, a great quality to possess is people skills. You will be working with numerous peop...
Post a Comment
Read more