After all the construction work is completed, wouldn’t it be nice to sit back, take a deep breath, and watch the money flow in?
Putting up an apartment building is a significant undertaking. After all the construction work is completed, wouldn’t it be nice to sit back, take a deep breath, and watch the money flow in?
Well, that’s precisely what you can expect with Fortcom’s Property Management services. We are here to relieve you of the stress of managing your property, including maintenance, repairs, dealing with difficult tenants, and marketing.
Here are some of the benefits you can enjoy by entrusting your property to Fortcom Realtors Ltd:
1. Filtering Out Problematic Tenants
Our property managers have honed their skills in identifying problematic clients over time. Our goal is not just to fill your apartments to capacity but to fill them with high-quality tenants. Having quality tenants makes property management a much smoother process.
At Fortcom we look out for five qualities of high-quality tenants. Firstly, responsible tenants exhibit good financial histories, paying bills on time and managing their finances well. They also have a clean rental history and display qualities such as effective communication, punctuality, and a friendly demeanor. Secondly, high-quality tenants have the means to afford the property comfortably, including rent, bills, and savings for emergencies. Thirdly, they demonstrate job stability or have backup plans to manage income fluctuations. Fourthly, honesty is crucial, as honest tenants provide straightforward applications, respond promptly, and share necessary information willingly. Finally, desirable tenants are likely to stay for a significant period, as indicated by factors like proximity to university or public transport.
2. Professional Marketing
We vigorously promote your rental property to ensure it receives maximum visibility at all times.
Around 4,660,027 people in Kenya currently reside in rental properties, and this number has been steadily growing in the last ten years. As a result, the rental market has become a rapidly evolving sector within the residential real estate industry.
Consequently, it is crucial for real estate agents to establish a well-defined and efficient marketing strategy for promoting their rental properties. At Fortcom, we understand this importance and have a dedicated team of experts to effectively market your rental property. Our marketing approach combines traditional methods with modern techniques to ensure maximum exposure and visibility for your property.
3. Monthly Accounting and Reporting
At Fortcom, we have dedicated bookkeeping and accounting staff who deliver your financial reports and owner cash distributions on the same day every month.
Maintaining accurate bookkeeping for rental properties is vital for effective property management. Similar to any other business, keeping thorough records allows you to assess and comprehend the performance and return on investment (ROI) of your property. It also helps identify eligible expenses, minimizing your annual tax liability and decreasing the likelihood of tax audits. It’s essential to take into account factors like depreciation and mileage, as they can greatly impact your tax savings. At Fortcom, we take care of all these tasks for you, providing monthly reports and on-demand reports, ensuring your rental property’s financial management is handled efficiently.
4. Maintenance & Repairs
We run maintenance on your property as part of our management services.
By partnering with Fortcom, you gain access to our network of professional vendors. We have thoroughly vetted our service providers, ensuring they deliver quality work at fair prices. This saves our investment owners from incurring unnecessary costs.
5. Higher Occupancy Rates
We have the expertise to handle vacancies effectively, resulting in consistently higher occupancy levels for your property. Our ability to price the properties appropriately and select the right tenants leads to fewer vacancies and faster filling times, even in a competitive market.
Managing your property through Fortcom allows you to relax and enjoy the benefits while we handle the complexities. If you’re interested in our services, please don’t hesitate to reach out to us.
Fortcom Realtors
At Fortcom, our primary goal is to ensure the profitability of your property development. With our reliable management services, you can have peace of mind knowing that your investment is in capable hands. We boast over 30 years of experience in real estate management and hold the necessary certifications to excel in our field. We value open communication, so please feel free to contact us at 0722 281 376 for a discussion about your specific needs and how we can assist you.
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