May 3,2010: Based on direct feedback from tenants and input from its valuations department on the longevity of properly maintained villas and flats in the UAE, Landmark Property Management (LPM), a division of Landmark Properties, is urging property owners in the Emirates to consider having a preventative maintenance strategy in place in order to extend the life and value of their home or investment.
Both homeowners and landlords should ideally take preventative measures to ensure that their property appreciates in value, rather than adopting a reactive stance only while maintenance problems occur. Periodic health checks on flats and villas alike will maintain and even grow longer-term value of this investment, said Michael Michael, Director of Sales, Landmark Properties.
Input from our leasing division demonstrates that in this competitive market, tenants are looking for well-maintained properties that have a professional company as a first point of contact for all maintenance issues. Weve found that a proactive preventative maintenance strategy provides greater peace of mind for both the owner and potential renters, added Michael.
Planned maintenance of the air-conditioning elements, electrical fittings and plumbing units within flats and villas have shown themselves to be the issues of highest concern for tenants as well as return on investment under property maintenance contracts for owners, according to Landmark Property Management (LPM). A proactive approach minimizes the risk of major breakdowns or outages, and owners should shop around for property management packages that can be tailored to their specific needs, to include external glass cleaning, landscaping, swimming pool services, and care of carpentry and masonry features.
Another trend were seeing in the UAE market is demand for hassle-free tenant management services. This includes screening potential renters and managing all aspects of property viewings, rental payment collection, 24-hour help desks for tenants, and logistics around utilities connections. An increasing number of property owners are outsourcing these functions so they simply receive rental income and reassurance that their property is being properly looked after, said Michael , Landmark Properties.
With the cost of Landmark Properties Property Management solutions starting 5% of a propertys annual rental value, the company is finding that owners who take a proactive stance toward maintaining their properties are saving significantly by avoiding pricey repairs.
SOURCE Landmark Property Management
Landmark urges property owners to protect their investment through preventative maintenance strategy is brought to you by TReXGlobal.com, maker of the world's easiest Property Management Software.