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In the real estate market, it is not uncommon to hear that working with property rentals is the same as working with problems. For this reason, many real estate agencies are still reluctant to work only with sales, given the number of “problems” that arise on a daily basis and the “low return” that the management fee brings to their business.
However, with the crisis that the real estate sector faced in 2015 and 2016, many real estate agencies that survived this period were precisely those that worked with property rentals. In view of this, those who did not work with rentals turned their attention to this very important activity within a real estate agency that can bring:
Revenue;
New customers;
New Properties;
Secondary income (Fire insurance commission, capitalization bond, surety bond, etc.);
New business
After more than 30 years of operating in the real estate algeria telegram data market and with thousands of real estate agencies using our solutions (real estate agencies of all sizes and locations), we were able to identify a pattern between real estate agencies that are successful and real estate agencies that have difficulty managing properties.
In this post we will share the main characteristics that successful real estate agencies have in common.
Property Rental: “The Ugly Duckling”
The property rental sector has always been seen as the “ugly duckling” of the real estate market. For this reason, many real estate agencies choose not to work with rentals and, if they do, they do not give it the attention it deserves. Some of the reasons are:
It's problematic
It takes a lot of time
Lots of bureaucracy
Small commission compared to the sale
Complex process
It requires a lot of knowledge
However, with the decline in the market for new and individual property sales, most of the real estate agencies that survived the crisis were precisely those that had a solid portfolio and knew how to work with rental property management . Those that did not have this focus certainly opened their eyes and began to move towards this activity.
Property management is for professionals
managing-rental-properties-and-for-professionals
Due to the difficulties mentioned above, we can see that managing properties with excellence is a matter for professionals and not for amateurs. I say this because it is an extremely complex activity, which requires a lot of knowledge and information management so that you don't end up getting lost in the process and going crazy.
The professional who ventures into working with rentals must be willing and aware that he will deal with problems every day . After all, this is the main reason why the owner pays the real estate agency to take care of his property. If it were easy, there probably wouldn't be any real estate agencies to manage property rentals.
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發表於 2025-3-6 11:32:22