6 REASONS WHY TEREZIM PROPERTIES MUST MANAGE YOUR PROPERTY IN ZIMBABWE
You may know that property managers exist, but you might not know what exactly a property manager does. A property manager is a third party who is hired to handle the daily operations of a real estate investment, it may be your house, flat, a block of offices, shopping complex, industrial or commercial bays. Property managers manage all types of properties, from single family homes to large apartment complexes.
Terezim Fortress Properties offers property management services to property owners in a professional way. We have well-trained agents who will manage your properties in a professional manner.
Terezim`s Responsibility for Rent
Terezim will be responsible for setting the initial rent level in consultation with the property owner, collecting rent from tenants and adjusting the rent.
- Setting Rent- we know how to set the right rent level to attract tenants to your property. We have an understanding of the market where the property is located and have looked at comparable properties in the area.
- Collecting Rent- we play the role of the enforcer. Terezim ensures optimal cash flow by setting a date to collect rent each month and strictly enforcing late fees.
- Adjusting Rent- Terezim can increase the rent by a fixed percentage each year, according to individual property requirements and expenses. We can also decrease the rent if they deem necessary.
Responsible for Tenants
One of the main responsibilities as the property manager is to manage tenants. We are involved in all capacities, from finding the tenants and dealing with complaints to initiating evictions.
- Finding Tenants- As property managers, we are responsible for marketing the property to fill vacancies. We know where to advertise and what to include in their ads. We also understand what attracts tenants so they can suggest making cosmetic improvements to help makeover the property.
- Screening Tenants- We will be responsible for sorting through the prospective tenant applications to find the tenant that is the best fit for your property. We have a consistent screening process, including running credit checks and criminal background checks, which can decrease your chances of being accused of discrimination. As experienced property managers we have seen hundreds, even thousands, of tenants, so we have a better idea of how to select the right tenants; those who will pay their rent on time, have a longer tenancy and create fewer problems.
- Handling Leases- Terezim will be responsible for setting the length of the lease and making sure it has all the necessary provisions to protect the owner. This includes determining the amount of security deposit required.
- Handling Complaints/Emergencies- we are paid to deal with maintenance requests, noise complaints and have the necessary contacts to handle emergency situations.
- Handling Move Outs-when a tenant moves out, the manager is responsible for inspecting the unit, checking for damages and determining what portion of the security deposit will be returned to the tenant. After move out, they are responsible for cleaning the unit, repairing any damages and finding a new tenant.
- Dealing With Evictions –when a tenant does not pay rent or otherwise breaches the terms of a lease, the property as property manager we understand the proper way to file and move forward with an eviction.
TEREZI MANTAINANCE AND REPAIRS DEPARTMENT
As Property managers, we are responsible for the physical management of the property, including regular maintenance and emergency repairs.
- Maintenance- they are in charge of performing preventative property maintenance to keep the property functioning in top condition. For example, we are personally in charge of, or must hire someone to, exterminate, check for leaks, landscape, shovel dirty and remove trash. This maintenance aims to keep current tenants happy and attract new tenants.
- Repairs-when there is an issue, the we attend to it ourselves or we hire someone to attend to it. We often have a large network of reliable plumbers, electricians, carpenters and other contractors.
Responsible for Knowledge of Landlord-Tenant Law
Good property managers have a thorough knowledge of statewide and national laws regarding the proper ways to:
- Screen a tenant.
- Handle security deposits.
- Terminate a lease.
- Evict a tenant.
- Comply with property safety standards
Responsible for Supervising
- Other Employees- if there are other employees in the property, such as a concierge or security personnel, Terezim will be responsible for making sure they are doing their job. As property manager we set their salaries and even fire them.
- Vacant Properties- Terezim is often hired to look after vacant properties to make sure there has been no vandalism and to perform routine maintenance. We also make sure contractors and other repairmen are completing their work in a timely manner.
Responsible for Managing the Budget/Maintaining Records
If you are building or renovating , we will be responsible for managing the budget for the building and maintaining all pertinent records.
- Managing Budget- we operate within the set budget for the building. In certain emergency situations when the occupants (tenants) or physical structure (investment property) are in danger, we use our discretion to order repairs or likewise without concern for the budget.
- Maintaining Records- As property manager we keep thorough records regarding the property. This should include all income and expenses; list of all inspections, signed leases, maintenance requests, any complaints, records of repairs, costs of repairs, maintenance costs, record of rent collection and insurance costs.
