Property management
Active property management for your longterm growth and value creation.

Property often represents the major share of investments of private investors but also of institutional investors.

Therefore it is necessary to guarantee for your property a competent on-the-spot support. The criterion for this is service orientation.

Residential property management
Scope of services of an active property management
Granting new tenancies on the basis of credit assessment of the
candidates
Optimal support of the current tenants to avoid vacancies and to
improve the cashflow situation
Correspondency with the tenants and representation of the owner in
negotiations with third-parties (authorities, etc.)
Cost analysis and control of maintenance and operating expenses
Rent collection and out of court dunning procedures
Accountancy (adjusted to the requirements of the accounts
department of the client)
Drawing up accounts of allocated costs and processing of
discrepancies
Contracting and cancelling insurances
Employment of assistants (Facility Management)

Minimum prices (once a month) for property management per unit per property net plus sales taxes.
The II. German regulations for calculation of factors related to residential lettings
(II. BV §26) arrange for subsidized housing a price for property management of € 230 per unit and € 30 per parking lot per annum.

Management of condominium housing
(WEG-management)
All rights and duties of the manager result from the home ownership law (WEG) as well as from the regulations of the shared ownership deed and the legally effective decisions of the owners’ meetings.

The manager guarantees, according to his best judgment, a correct management of the common property and follows and enforces the legal regulations and contracts.

The special responsibilities of a condominium-management:
Establishment and control of the owners decleration
Arrangement and realization of owners’ annual meetings
Execution of decisions of the owners’ meetings
Drawing up the budget and annual accounts
Making management of the common funds
Taking necessary steps for maintenance and repair of the common
property

All-inclusive prices for a condominium-management per unit, month and property net plus sales taxes
The II. German regulations for calculation of factors related to residential lettings (II. BV §41) arrange for subsidized housing a price for apartment-management of € 230 per unit and (II. BV § 26) € 30 per parking lot per annum.

Conclusion:
Active property management stands for:
Cost cutting – tenancy ensurance – creating and maintaining asset
value

Fundamental requirements for additional growth and increase in value are professional and state of the art services as well as a competent facility management.

Facility management
Regular property inspections and control of the condition (if necessary
in cooperation with specialist engineers and experts)
Realization of correct maintenance and repair
Call for tenders, award of contracts for repair works, monitoring and
acceptance of repair works
Enforcing warranty claims (after acceptance)

Professional rental management
Early rental efforts in case of emerging vacancies
Utilization of media to advertise vacant units
Development of specific rental concepts according to the market
Use of expert knowledge of qualified staff