Real Estate Management Lagos Nigeria – Free Property Management Tips
Real estate management Lagos Nigeria - Good real estate management or property management is key to maintaining the value of your real estate investment.
Real estate management is an essential part of real estate investing. Don't just invest one-time and forget about your property. The property will end up depreciating in presentation over time. And that will inevitably impact negatively on the market value.
As part of the real estate management work, the real estate broker or real estate consultant will . . .
The real estate agent will normally charge annual maintenance fee of 5-10 percent of the rental price. As a landlord, be willing to pay the maintenance fee to guarantee that the estate agent in charge of your property will give your property the attention it deserves.
A great way to ensure you comply in this regard is to allow the agent deduct the maintenance fee from source.
Wait. Why give the property management rights to your property to an agent for a fee when you can get one of your relatives to manage the property for you free of charge?
The simple answer is . . . it makes business sense to do so.
Nothing really is free. There is a cost to allowing your relatives manage your property. Some of these relatives have been found to unduly harass tenants just to show that they are in charge. And in some cases, even attempt to take over ownership of the property.
It is difficult to tell what people will do when money is involved. More often than not, family members have been largely disappointing in matters of this nature, especially when it matters most.
Delegate real estate management to professionals . . . to real estate agencies.
Real estate agencies or consultants make a living from offering professional services of this nature. And often, they work hard to satisfy their clients in order to retain current business and secure new deals through appropriate referrals from satisfied clients.
So, do the right thing. Make property management a key investment decision. And use professionals always.