Real estate property management is the process of organizing and supervising real property and managing all its aspects, including acquiring tenants, Carry out regular maintenance, collect rents, and solve legal and financial problems that may arise.Real estate property management also includes market analysis, property valuation, and determining the best rental strategy. Real estate and setting appropriate prices, in addition to preparing leases and providing support and advice to tenants and landlords.
The goal of real estate property management is to make a profitable investment of real estate, preserve its value, and provide a stable income for property owners. Real Estate Property Management An important service for owners who suffer from doing all the administrative and operational work themselves, and may need professional help to deal with this day-to-day management
Real estate property managers typically work for real estate companies, investment firms, or individual owners. They must have extensive knowledge of local laws and regulations, and the ability to deal with financial, technical and legal challenges related to real estate property management.Real estate property management is not only limited to residential real estate, but can also be extended to commercial, industrial and other real estate assets.
As it is well known that the process of compatibility between the landlord the owner of the property and the tenant benefiting from the property is very difficult. As the landlord seeks to increase the revenues of the property he owns and reduce consumer spending. and On the other hand, the tenant or beneficiary of this property seeks to benefit as much as possible from the property he rents and at the lowest possible material cost … And we at the model real estate strive to achieve this equation Difficult qualitatively and practically to suit the maximum benefit of the landlord and the owner alike and in accordance with the laws and legislation issued by the municipalities in the United Arab Emirates
The administration includes a group of sections, the most important of which are:
- Receiving the property, preparing it and making it ready for lease.
- Advertising and marketing campaigns to display real estate units intended for rental.
- Examining customers in terms of their identification papers and financial solvency as much as possible.
- Financial accounting and auditing.
- Periodic and consumer maintenance of leased and empty units.
- Documenting rental contracts according to the applicable regulations and in accordance with the regulations issued by Sharjah Municipality.
- Deposit checks in owners’ account and supply cash payments to them.
- Follow-up banks in collected or returned checks.
- Follow-up defaulting tenants and open rental cases according to the applicable regulations.
- Receiving the apartments prepared for evacuation, inspecting them and periodic follow-up of the services of the entire building. For example, but not limited to. Guard.. Hygiene.. Civil defense system and annual fulfillment certificates. Elevator contracts. And the air conditioning and the cameras and the external cleaning of the facades.
- Preparing periodic reports for owners for the required period.
