RESIDENTIAL REAL ESTATE ASSETS: OPTIMISE THE PRESENT, PREPARE FOR THE FUTURE
Managing tenant requests, ensuring that rents are paid, representing you vis-à-vis co-ownership associations and, above all, reducing vacancy periods between two lease agreements: these are just some of the tasks that we can help you with. And if you want to take advantage of new technologies, such as IoT and services platforms, you can ask our experts to guide you in making the choices that best suit your needs.
RESIDENTIAL UNITS MANAGEMENT: DAY-TO-DAY RENTAL MANAGEMENT
Management of residential real estate assets requires absolute thoroughness. In addition, residential units are a sensitive issue because they are the main living space for millions of people. BNP Paribas Real Estate Property Management manages more than 3,000 units and deals with your tenants on a daily basis. The scope of matters addressed is extensive, and even those that appear minor at first glance can have a substantial and immediate effect on the daily lives of occupiers.
Residential property management: how to make the right choice?
In terms of residential property management, it is important to turn to professionals who know how to listen to tenants and owners and are organised in such a way that the best service providers can intervene quickly and effectively. Property Management experts also know how to listen to tenants and managing agents, and are resolute when it comes to defending the owner’s interests. Real estate management also requires thoroughness, expertise and strong human values to effectively engage with all stakeholders in all circumstances. Residential real estate requires availability at all times, which is why a good manager must be able to provide an on-call system that supports Property Management experts and their service providers in responding to emergencies.
RENTAL MANAGEMENT: LIMIT VACANCY
As owners of residential buildings or apartments, protecting your interests means first and foremost reducing the vacancy rate. Property vacancy is a risk that can severely impact the profitability of your asset and the stability of your income. This is the reason why BNP Paribas Real Estate Property Management have developed rigorous processes to anticipate tenants’ departure conditions and ensure that the premises are rented as quickly as possible.
Here are the steps for effective support:
- Have property management experts carry out preliminary inventories of fixtures long before units are vacated to determine necessary repairs and plan refurbishment works as soon as possible.
- Plan works to be done by service providers as soon as the apartment is vacated. The advantages of using professional managers include shorter lead times and better prices.
- Re-let your units: place ads, organise visits, prepare applications, select candidates and carry out inventories of fixtures. To ensure that things go smoothly, there should ideally be a manager with a team that coordinates residential marketing operations.