Property Management

Region: Egypt

Created: Feb 19, 2011, modified: May 30, 2012, overall rating: 2.333

The owners of real estate property abroad get benefit not only from having vacation at the Red Sea but also from renting their property for the rest of the year. All real estate operation – renting, leasing, paying utilities bills and maintenance are impossible without good property management.

In Egypt, and in particular in Hurghada, the owners of property can conclude the management contract with any real estate agency.

Недвижимость Хургада

Many real estate agencies whose main business is selling apartments or villas have a property management office on the side.
One of the main provisions of the management agreement between agency and the property owner is granting the right to rent the owner’s property. As small agencies have not enough staff and specialists they don’t provide the full scale management service, e.g. security of property, payment of utilities bills, water supply, current overhaul, cleaning, etc.

Thus more and more of investment property owners realize that only a specialist property manager who has the experience in this field is the best agent to manage their rental property.
One of such specialists is Seaviewrealty JSC, a part SVR Group. Seaviewrealty is an expert in the property management field having years of rental management experience from residential to commercial.

There two types of real estate management agreement, depending on wishes of the owner:
A – Property Management without tenancy rights.
B – Property Management granting the tenancy rights.

Управление недвижимостью Хургаде

Seaviewrealty JSC, as leading real estate company we do the following for the property owner:

- 24 hours security service of building, apartments and villas.
- Control, account and on-time payment of utility bills.
- Current maintenance and overhaul of community facilities, e.g. elevator, sewage system, water supply lines, electricity lines, Internet, satellite TV, etc.
- Current overhaul and maintenance of common use places: staircases, halls, garden, entrance, terraces etc.
- Landscape, garden or flowers service.
- Transfer owner of property or tenant to or from airport (upon special request).

In addition, upon the Property Management Agreement with rent we do more than just manage your property, we make it be a profitable investment.
- Make photos of a property, advertise rental real estate property at the company website, partners’ websites, magazines, map guide booklet, street banners, over roof banners, etc.
- Rent a property for a short or long term according to the requirements of the owner.
- Sing up Rent Agreement and Inventory List on behalf of the Owner stating the rent cost, insurance deposit, terms, and conditions of rent.
- Conduct monthly inspection of the rented property.
- Repair any damage item of rented apartment on tenant account or from the insurance deposit.
- Provide the owner of property monthly accounting report of income and expenses for his rented property.

SVR Group – Real Estate Property abroad, in Egypt

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