Property management in Uganda
May 17, 2018
Uganda Real Estate sector is attracting some heavy investment opportunities from a vast number of people and for those people investing in Real Estate, one question you are likely to face is whether or not to contract a Property Management firm.
You might wonder why you need to hire a property manager to do this work for you when you can use that money to invest in your next venture. However, looking closer at this issue you realize that a property manager comes with a wealth of advantages, namely:
- 1. Better collections and accounting
- 2. Better screening and quality of tenants
- 3. Better service and responses provided to residents
- 4. Less turnover (no matter how many people you know, their rolodex is probably just as good if not better)
- 5. Better handling of legal issues
- 6. Better repairs and maintenance systems (with all licensed and insured workers! So a lot less liability on your part)
Factors to Consider Before You Hire a Property Manager
- a. Comparative proximity to the property, or their willingness to travel to the property
- b. Number of units under management
- c. Time it’s taking you to turn over the unit (find another tenant when one vacates)
- d. Your record keeping abilities
- e. Response rates (are you open 24/7/365?)
- f. Maintenance and repair systems
- g. Handling tenants’ collections, evictions, etc.
- h. STRESS! Most people would find the job unnecessarily stressful especially when it’s not your career and you have other interests on the side.
- i. Freedom and more time to pursue your other interests
Do you have a property that you wish to be managed or sold. Look no further at KPG we got you suited. We have been in business for quite some time and developed a vast knowledge in property management in Uganda , our dynamic team of real estate marketing professionals is highly qualified to meet your expectations.
Therefore if you are looking for a way to market your property in Uganda for the right price, then KPG is your ultimate answer for your property management services