CategoriesAbuja, Company insights, facility management, Property

Why do I have to pay a Refundable Caution Deposit (RCD)?

A refundable Caution Deposit is a security deposit paid by a prospective tenant, serving as proof of intent to care for the desired apartment.

Paying a Caution deposit is a sign that a prospective tenant would be cautious in handling all landlord’s fittings and fixtures to avoid damages.

RCDs are typically refundable upon departure if the fittings & fixtures are left in good condition.

There are lots of amazing tenants out there.

CategoriesAbuja, Company insights, Industry Insights, Property, property management

Qualities of a good tenant

To mention but a few, the following are the qualities of a good tenant:

1. Pays rent on time without defaulting.

2 Notifies beforehand if the rent will arrive late or a bit delayed with sound reasons.

2. A good tenant is easy to communicate with, they are accessible, responsive, respectful, empathetic & easy to deal with.

3. A good tenant is accomodating, they provide access for a scheduled routine inspection of the demised property.

4. A good tenant takes good care of the property. They take responsibility for damages and repairs caused by them and they do not destroy the landlord’s fixtures and fittings.

5. A good tenant adheres to legislation and terms of the tenancy contract.

6. A good tenant when prospecting for rental properties provides well-detailed information fully completed with all required evidence, contact details of referees and guarantors, shows evidence of tenancy history.

Very importantly, most good tenants always end up becoming great landlords.

CategoriesAbuja, Property, Real estate

Real estate ownership is capital intensive and demanding

Real estate ownership is capital intensive & demanding.

The need for smart judgment and a profitable decision cannot be overemphasized.

Therefore, hire a reputable professional to handle all the processes.

Whether you are a seller, buyer, landlord, or investor, we got your back!

You’ll be glad you talked to us.

Call 08110333383 for inquiries on owning, selling, leasing, or renting a property in Abuja Metropolis.

CategoriesAbuja, facility management, Property, property management, Real estate

Dinstinction between property management and facility management

Property Management focuses on the building itself, it involves the ADMINISTRATION of lease.

Some common duties include:
•Profilling & selection of suitable tenants,
•Rent collection and remittance.
•Routine inspection.
•Coordinating maintenance.
•Overseeing reinvestments in the building.

WHILE

Facility Management encompasses the responsibility of ensuring FUNCTIONALITY, COMFORT, SAFETY, and EFFICIENCY of the built environment by:
•Intregrating people providing services of the common good.
•Managing vendors, janitors, and artisans. •Ensuring all process obligations and support services are well-coordinated and integrated.

Our services in these areas will be relevant to a host of property owners.

 

CategoriesAbuja, Property, Real estate

Real Estate is a fantastic place to invest

A lot of people invest in real estate because of its huge benefits.

•Each time you purchase real estate that pays you an income, you are a step closer to your goals of income replacement.

•Realty never gets worthless.

•it is an investment you have much more control over the outcome unlike other investment platforms such as stock, bond, mutual funds, etc.

•Real estate helps you with illiquidity over funds you don’t want to lavish.

•It offers better returns.

•Real estate maintains its monetary power as it’s rarely affected by inflation.

•It’s an amazing way to save for your retirement.

The bottom line, you don’t want to fall victim to scams, encumbrances, fraud, and illegality.

Consult the services of Real Estate professionals to guide you through.