One of the main benefits of
hiring a condominium administration (administração de
condomínios)has to do with the fact that they make sure your
property is well managed. Also, they ensure that the right tenants are selected
for your property, they have all inspections completed, they have all paperwork
handled, hey make sure you have all your rents at the right time, etc. From the
right property management service, you get monthly statements of detailed gross
income, expenses accrued, commissions, etc. Due to that accounting is very
easy.
Some other merits
1. Ideally,
a property manager (administradora deimóveis)can charge anywhere from 4-15% of rental proceeds to have
your property managed. Mostly, the bigger the portfolio you have, the lower the
commissions charged.
2. They
make sure they handle all things that you do not want to deal with such as
notices of rental additions, eviction notices, property cleaning notices, etc.
This gives you a lot of peace.
So how can you choose these
experts?
Just like in deciding on
properties to buy or real estate agents to work with, you need to hire these
experts rightly. It is true that friend recommendations can help you here.
However, that should not be the case. It is true that you can change these
managers when you wish to or want. However, it is better to hire the best one
now. It is true you can choose different property managers for the different
properties you own. However, make sure the best managers are chosen no matter what
it is. It is always exciting to know that you have a condominium manager (administradora de
condomínios)service handling all management needs of your home.
Sadly, most people aren’t able to benefit from these and that becomes a huge
problem. Take your time and you will find the best property managers for your
properties.
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