DIY

Finweek English Edition - - LIFESTYLE -

IF YOU’VE EVER RENTED A PROP­ERTY, you’ll know how of­ten you’ve had to con­tact your land­lord to dis­cuss your neigh­bour’s cat mak­ing it­self com­fort­able on your de­signer couch or about the bro­ken tile in the shower. As a land­lord, you have a re­spon­si­bil­ity to en­sure the com­fort of your ten­ant, which gets tricky if you’re a six­teen-hour flight away. If you have a prop­erty in a coun­try that is prone to nat­u­ral dis­as­ters, you’ll need to keep an even closer eye on things to en­sure that your prop­erty is equipped to cope with what­ever the weather throws at your in­vest­ment.

It may sound like a lot of work, but that’s sim­ply be­cause it is. That’s why many prop­erty own­ers choose to re­tain the ser­vices of a prop­erty man­age­ment com­pany to take care of the day-to-day re­spon­si­bil­i­ties of a land­lord. Ac­cord­ing to Chris Im­mel­man, man­ag­ing di­rec­tor of Pam Gold­ing’s I nter­na­tional Di­vi­sion, a man­ag­ing agent will not only help you find a ten­ant, but also as­sist with rental col­lec­tion and han­dle main­te­nance. Your rental man­age­ment com­pany will keep a close eye on your prop­erty and keep you in­formed of any is­sues, so Im­mel­man ad­vises you do a bit of re­search be­fore se­lect­ing a com­pany to man­age your i nter­na­tional prop­erty. “Some ba­sic desk­top re­search would nor­mally be suf­fi­cient, but per­haps fol­low­ing up with ref­er­ences pro­vided by the man­ag­ing agents would nor­mally es­tab­lish the cred­i­bil­ity or oth­er­wise of the agent,” he says.

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