Risks of not relying on experts to manage your properties

The property management can be much more complex than you might think. Owners who initially opt for self-management run the risk of running into a series of challenges beyond their reach. A situation that could jeopardize the profitability of their homes.

On the other hand, those who decide to entrust the property management to experts ensure not only a good profitability, but also the peace of mind that their properties are being managed in the best possible way.

Risks you face when you don’t trust property management experts

These are some of the dangers you may encounter when managing your real estate assets without the help of professionals:

Lack of knowledge about the real estate market

The real estate market is dynamic and constantly evolving. Market trends can vary according to geographic location, supply, demand and the economic situation of the country or region; among others. Factors that in most of the occasions can escape from the knowledge of all those who are not inside the sector.

This problem is solved by having experts who have a deep knowledge of the market. They have all the tools to make the best decisions.

Maintenance problems

Property care is extremely important. Not having a correct maintenance can lead to problems such as water leaks or electrical failures; thus generating unexpected costs. Damage that, depending on its magnitude, could end up influencing the value of the property.

Relying on professionals guarantees a correct supervision of the properties. In addition, they may have specialized knowledge and contacts with contractors and maintenance providers to ensure that the necessary work is being carried out efficiently and economically.

Legal challenges

Owning multiple properties involves compliance with a number of specific regulations and laws.

This task must be carried out by qualified professionals who can provide correct advice before, during and after all operations. Failure to do so could result in legal challenges.

Lack of marketing skills

Good marketing is key to finding the perfect buyer or tenant. Lack of marketing expertise can dilute efforts to advertise homes and the impact may not be as expected.

Relying on professionals increases the chances of success. The result? A good ad that uses clear and attractive language, detailed information, quality photographs and that will be positioned in the main real estate portals of the country.

Nuestro servicio de gestión de propiedades

In KM2 – real estate agency in Barcelona and Madrid – we have been at your service since 1979. More than 165 clients have already trusted us to manage their real estate assets.

We take care of:

• Handing over the keys.
• Management and settlement of taxes, rates and insurance updates.
• Settlement of deposits.
• Property set-up.
• Commercial and financial management of rental contracts.
• Payment and receipt of information on community fees and payments.
• Management of maintenance and repairs with specialized software.
• Settlement of collections, payments and management of supplies.
• Legal advice and solution of problems of non-payment and evictions.
• Review of cadastral valuations and their impact on taxes.
• Management of reforms: processing of licenses, contracting, advantageous conditions, etc.
• Study of possession situation.
• Telematic management of documents and procedures before the administration.

Do not hesitate to contact one of our agents for more information.