The health
of a property is determined by many factors, from structural status of the building
to financial figures like yield or profit before interest. Even the financing
structure can be a subject for a health check.
However all
these factors influence some key measurements or key performance indicators
(KPI) that can be used as a starting point for a health check of a property.
The first and most obvious KPI every investor is looking at without any consultancy is the Rent Level. The biggest problem most international property owners will run into is access to relevant benchmark data. Without local knowledge the exercise is futile and the investor has to trust in the performance of the property manager. Most investors are reluctant to spend money on top of the property management fees so we
have developed quick and low cost assessment processes to identify any possible problem
areas in a property.
Rent level benchmark
The rent
level benchmark compares the actual contract rent to the rent table and market
rent detailed down to the size categories and prevailing standard of the
majority of the units. In a second step the contract rent is compared to the
actual rent payments. Major shortcomings can then be investigated and tracked
down to the underlying problem, e.g. problems in the building fabric, tenant
mix or plain bad management, to mention just a few possibilities.
Rent level benchmark service
In order to
perform the rent level benchmark service the following information is required:
Building:
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Address and photo
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Year of construction
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Type of bathroom
facilities
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Type of heating
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Recent
modernizations and resulting rent increases
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Tenants:
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Rent list with
apartment sizes, contract rent amounts and rent components (names not needed)
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Actual rental payments
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Property management
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Introduction and
contact for questions.
This can improve the
quality of the resulting report but is not mandatory if you don’t feel
comfortable with it at this point.
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This is what you can expect from this service:
An assessment of the rent level of your property compared to other comparable properties and recommendations for the next steps if necessary. The report will be provided in English as a pdf-file. This service does not include site inspections.
An assessment of the rent level of your property compared to other comparable properties and recommendations for the next steps if necessary. The report will be provided in English as a pdf-file. This service does not include site inspections.
Pricing
The fee for
this service is 49.00 € including VAT. The payment is due with the order of the
service. We give a 30 day money back
guarantee, should you not be satisfied with the service provided.
To contact us about this offer please use our website feedback.
