Whether you are a property investor or a landlord, we are here to help.
AFC Properties offer a range of services that extends beyond lettings & sales, we are constantly engaged in management, development and sales of commercial, residential and investment properties.
Property management involves the processes, systems, and manpower required to manage the life cycle of all acquired property including acquisition, control, accountability, responsibility, maintenance, utilization, and disposition:
Establishes rental rate by surveying local rental rates; calculating overhead costs, depreciation, taxes, and profit goals.
Attracts tenants by advertising vacancies; obtaining referrals from current tenants; explaining advantages of location and services; showing units.
Contracts with tenants by negotiating leases; collecting security deposit.
Accomplishes financial objectives by collecting rents; paying bills; forecasting requirements; preparing an annual budget; scheduling expenditures; analyzing variances; initiating corrective action.
Maintains property by investigating and resolving tenant complaints; enforcing rules of occupancy; inspecting vacant units and completing repairs; planning renovations; contracting with landscaping and snow removal services.
As a leaseholder, you should take a keen interest in how your building is being managed and who it is being managed by. A poorly managed property can have an impact on the long-term enjoyment of your home and potentially its future value.
It's normally the landlord who is responsible for the overall management of the building. This could be an individual person, a company or a local authority.
Some landlords may choose to manage the building themselves but it's more common for them to appoint a professional managing agent to manage and maintain the property on their behalf.