Property management involves the operation, control, and oversight of real estate, including residential, commercial, and industrial properties. It aims to maximise the property’s value and generate income while minimising vacancies and expenses. Effective property management requires strong communication, organisation, and problem-solving skills, as well as a comprehensive understanding of the local real estate market and regulatory environment.
Property
Management
Khoury are responsible for the management of a diverse range of properties, from prestigious office towers to boutique commercial and retail developments. Our management service is highly professional and cost-effective, securing our clients with the best long-term tenants and ensuring maximum return on your investment.
We handle various aspects of property management on behalf of the owner including:
1.
Tenant relations
Managing tenant needs, addressing concerns, and handling lease agreements, renewals, and terminations.
2.
Rent management
Setting appropriate rent levels, collecting rent, adjusting rent rates, and enforcing late payment penalties.
3.
Maintenance and repairs
Overseeing regular maintenance, conducting repairs, and ensuring the property complies with safety and health regulations.
4.
Marketing and leasing
Advertising vacancies, showing the property to potential tenants, and screening applicants through background checks and rental history verification.
5.
Financial management
Maintaining financial records, creating budgets, and providing regular financial reports to the property owner.
6.
Legal compliance
Staying updated with local and federal housing laws, ensuring the property meets all legal requirements, and handling any legal issues or disputes that may arise.
7.
Inspections
Conducting regular property inspections to identify maintenance needs and ensure that tenants are adhering to the terms of their lease agreements.
8.
Risk management
Implementing risk management strategies, such as obtaining insurance coverage and addressing potential liabilities, to protect the property and the owner’s interests.