Property management introduction Netherlands
•Download as PPTX, PDF•
0 likes•251 views
Introduction to private residential real estate investors in the Netherlands, March 2017. Real estate management services, commercial, administrative and technical management services
Recommended
More Related Content
Similar to Property management introduction Netherlands
Similar to Property management introduction Netherlands (15)
Recently uploaded
Recently uploaded (20)
Property management introduction Netherlands
- 1. an introduction to property management services PROPERTY MANAGEMENT Noordam Management
- 4. PROPERTY MANAGEMENT Professional property management is the administrative operation, maintenance, control and oversight of properties to meet the objectives of the owner (landlord). It’s a business…
- 7. MANAGEMENT CONSULTATION • Scope of business services (SLA) and fees • Issues (financial, maintenance, tenants, legal) • Investment strategy (rehab, hold, flip, exit) • Property type (apartment, condo, SFH, townhouse, rooms, leisure/hospitality) • Tenant market segment (families, seniors, expats, students) • Deciding on a rental strategy
- 8. HOUSING REGULATIONS • Compliance Landlord – Tenancy laws • Housing Act (Woningwet 2015) • Civil Code (Burgerlijk Wetboek) • Implementation Act Rental Prices (UHW) • Rent Assessment Committee (Huurcomissie) • Local ordinances (Huisvestingsverordering) • Turnover rental market (Wet Doorstroming Huurmarkt 2015) • Voluntary agreements (Convenanten)
- 10. RENTAL VALUATION • Market analysis • Property information and Assessment of unit(s) • Points’ system (Woningwaarderingssysteem) • Tenant market segment (e.g. families, seniors, expats, students) • Competing listings • Data analytics • Automated Valuation Models
- 11. MARKETING AND ADVERTISING • Listing agreement • Property portals • Listing syndication • Lead capture and management • Professional partner networks • Housing agents, relocators, employers • Asking price, costs, deposits
- 12. TENANT SCREENING AND SELECTION • Rental application • Qualification (Income, Credit scores etc) • Rental history • Background checks • Documentation • Negotiations • Rental agreements and conditions
- 13. LEASING SERVICES • Check-in inspections • Contract management, lease expirations, rent increase, rent review • Tenancy management • Vacancies and tenant retention • Sublease, touristic rentals • Lease renewals • Tenant behavior, complaints, criminal activities • Terminating the lease • Move out process
- 15. TECHNICAL SERVICES • Custodial, Preventive, Remedial management • Property inspections • Mutation maintenance • Maintenance scheduling and planning • Repair requests tenants • Emergency and urgent response 24/7 • Sustainability, Safety, Security • Renovations and construction supervision • Managing maintenance works (contractors)
- 16. ADMINISTRATION
- 17. LEASE ADMINISTRATION • Rent income, vacancies and collection losses • Rent categories • Processing rent increases and amendments • Rent collection policy, arrears, eviction • Escrow accounts rent collection and deposits • Service charges' settlements • Cost allocations HOA / landlord / tenants
- 18. FINANCIAL ACCOUNTING • Charts of accounts • Income categories • Accounts payable • Operating budgets • Capital budget (CAPEX) • Cash flow planning and control • Financial control • Financial reporting and operating statements
- 19. PROPERTY MANAGER
- 20. PROPERTY MANAGER • Professional associations (VGM NL, VGME, RICS) • Staffing and skills • Continuing education and training • Relationship management • Digitalization • Data analytics & predictive analysis • Technology trends • Best practices, benchmarking, performance • Other client services
- 21. THANKS FOR YOUR ATTENTION www.noordam.com AND YOU?