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Test those who commit themselves (forever) to an administration

How private apartment building owners can make their investment work best for them  
bild fur change chance

Date

10.11.2021

Author

gin001-s

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As the saying goes: people are creatures of habit. This often means that changes are often delayed for as long as possible, even if they would obviously be beneficial. For example, we often find that private individuals who own an apartment building with a few rental apartments are often dissatisfied with their usual management for years. Or they do everything themselves so that they don’t have to give up any of their earnings. Both can end up costing a lot of money and would be easier to change than changing your car.

 

First of all, hand on heart: what type are you?
You know that you can switch your basic health insurance to the cheapest provider every year. It’s also highly likely that there’s a cell phone subscription out there on the market that offers more than your current one and costs less. And what about the cost of managing your bank accounts? These are all tiresome topics that most people keep pushing into the drawer of long-term commitments. This is mainly because people expect a lot of effort and little return from having to plow through all the offers and then make the laborious switch. An understandable and, above all, widespread attitude, as a brief and in no way representative survey of our staff during the lunch break revealed.

The bigger the chunk, the more decisively you should act.
If you or your family own an investment property with rental properties, this attitude of procrastination can be much more serious. Doing nothing or the wrong thing will eventually be punished with a loss of yield, dissatisfied tenants or high costs for restoring a neglected property. Where some only manage, we at Ginesta manage proactively and manage our entrusted properties as if they were our own. With vision, experience and tried-and-tested tools.

What separates the wheat from the chaff.
Anyone who manages proactively is confronted with a large number of complex issues, each of which has the potential for success and satisfaction as well as displeasure. Our maxim is to keep the whole picture in mind and do the best for our customers in every area. This includes legal aspects, good communication with owners, tradesmen and authorities, analyzing and improving the rental policy, maintaining the property, transparent owner information with financial status, regular tours with condition analysis and, of course, re-letting the properties as seamlessly as possible. We could get lost in the details again straight away, but we have already done so and recommend that you read the article “What does Ginesta Bewirtschaftungen actually do” if you are interested.

The best thing is that this good advice is not expensive.
Sustainable management is time-consuming and only leads to clarity and the opportunity to use this knowledge to improve the income situation if you do everything right. Through rents in line with the market, optimized ancillary costs and long-term, measured refurbishment and Renovation planning. Sometimes our recommendations result in two small apartments being turned into one large one with better income prospects or a former office being converted back into an apartment. It is not uncommon for our clients to realize after a short time that we have achieved more for them with our commitment and knowledge than we have cost. Win-win.

It all starts with an inquiry.
If you are dissatisfied with your administration or repeatedly feel overwhelmed by the variety of issues, invite us to a non-binding initial consultation. As professionals, we will quickly assess the situation and provide you with a customized offer based on our free initial analysis, which you can use to make your decision. If you also suspect that there is more to be gained, go one step further and commission us for our tried-and-tested multi-family house check-up. We systematically analyze all yield-relevant factors down to the last detail and make appropriate recommendations.

Switching is easier than you think.
Once we’ve reached an agreement, it’s quicker than changing your mobile provider, because you only need to do two things. Firstly, you need to give notice to your old management company and we’ll do the rest for you. Secondly, open a rent account in your name. As a reputable management company, it is not in our interest to hoard your income with us and manage it in a collective account. This means you have access at all times and can even see the current situation online.

We therefore recommend that you, as a private owner of investment properties, take advantage of the same opportunities as the big players by using us as your partner. As an experienced management partner for a large number of demanding clients, we have the experience and as a member of SVIT, we guarantee absolute reliability. In addition, the change is uncomplicated for you, it will pay off in the long term and you can devote yourself entirely to the pleasures of being a landlord.

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I look forward to your inquiry.

Ralph Geigle

Managing Director Ginesta Immobilien Verwaltungen AG

044 914 17 05

 

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