Property rental companies management in Spain
If you thought that the management of a patrimonial company is the same as normal rental management
…we will show you otherwise.
The management process of patrimonial companies has some unique characteristics
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Real state Community
If your heritage comes from an inheritance or specific acquisitions at the family level, it is possible that you have it organized with a Real Estate Community with its respective partners. Normally it is the previous step to a professionalized reorganization.
But if your family or company has already been property for a long time, with an extensive real estate properties, it is possible that you have it organized through a family company, and you are looking for stability with respect to asset management.
Fondos de Inversión
Or, if you are part of a company or organizations where your core business is the basis for the operation of a model based on obtaining income through rental assets. Normally you are very dynamic companies, in constant growth.
If you are one of these categories, this information is for you.
In case you are an individual you can see the “Rental Management” services or if your assets are extensive you can visit the “Property Management” service
ALERT! In recent years we have detected an increase in interest in asset restructuring, mainly family properties, which continue to manage their rentals at home
And this worries us…
Tell me if this looks familiar…
You have been managing your family’s assets yourself for quite some time, hoping to have control and lower management costs,
And with that you had the hope of having the “key” to success for the management of your properties.
Until your patience little by little has been consuming with the tenants, what if this…, what if that…
And what is worse!
They bother you even because a tap doesn’t work well
Right now you have 2 options
Try it yourself
There are many people who try to manage their own properties, with their own hired team or themselves, and when they don’t know how to solve a problem, they look for information in forums and blogs.
Good option: Have a professional and experienced management team, specialized in wealth management like my organization
We have designed a service for the management of patrimonial companies with the aim of:
WE INTRODUCE YOU
MANAGEMENT OF PROPERTY RENTAL COMPANIES
The real estate asset management service for heritage companies or organizations that DOES allow you to keep regular control over assets, stay out of daily tasks that consume a lot of time, and unify management in an experienced team.
We monitor the incidents with the tenants, the contracts and any communication to carry out a correct follow-up. In relation to finances, each owner or company has its own accounting
According to a study carried out by us, only 5.5% of incidents or communications with tenants reach the property. We only involve the property, to make a decision or to report a relevant fact.
Over the years, the owners have been asking us to unify the management around asset management. For this reason we go a step further with the management for owners who have it organized through a patrimonial company.
Our unique methodology is based on the application of experience and having the best team that we have gradually formed, and learning from mistakes.
The result is an increase in time to be able to dedicate to personal and professional matters, a greater control of the state of the properties and an increase in peace of mind.
Managing Director of the Heritage Company
“We went from having 3 external managers and 4 people on staff to unifying everything, and more economical. Thank you very much for everything Francisco, the truth is that you and your team do an impeccable job”
Services common to Property Management services
We will carry out from the rental valuation, photographic report, multiplication and visits with interested parties
We draft and sign the contracts, as well as monitor them to control compliance with the conditions.
Payments and Collections
We issue the rental receipts and send the monthly payments, with the income and expenses submerged in the month.
Whatever the incident, we manage it and we monitor it until it is resolved, and we communicate it to the owner.
If the incident is partly derived from the insurance, we issue it and follow it up until the insurance finishes its work.
Technical control and maintenance
Any element of the buildings that requires maintenance, we monitor it, so that it is updated.
Unique services for patrimonial companies
Managing the accounting of a patrimonial company is not easy, but we do it
We officially represent the owners before the presentation of taxes and tax obligations.
Presentation of annual accounts and formalization of accounting presentation.
Skills that our clients rate
HOW OUR CLIENTS SEE US
According to the average of the surveys that we carry out with clients on the aspects that they value of our management, we show you some of them that are relevant:
Types of properties that we manage in the different holding companies
We have categorized the properties that we usually manage into 6 blocks, however if your property is not in any of these categories, please contact us to hear your case and assess its management.
RESIDENTIAL BUILDING MANAGEMENT
They mainly belong to patrimonial companies coming from inheritances, where it is necessary to manage the taxation of the patrimonial company and the distribution between partners of the income.
CENTER MANAGEMENT COOMERCIAL
For professional owners where a high occupancy rate is what is sought for the management of the shopping centers, the management of the management and the accounting of the shopping center.
OFFICE BUILDING MANAGEMENT
Same situation as in shopping malls. The profile of office holding companies are usually investment funds and occasionally private owners.
COMMERCIAL PREMISES MANAGEMENT
When you have a local, it’s okay, 2 too, but when you start to professionalize the management, you realize that you need a manager, who will handle the presentation of the company’s taxes, the management of income and assets in general .
COMPLEX HERITAGE MANAGEMENT PROJECT
Our ability to adapt to each client’s way of working is what our clients value best. We understand the objective and what they are looking for with management, the rest is history.
SINGULAR PROPERTY MANAGEMENT
Our team manages from property companies with Geriatric Centers, to privately owned apartments. A wide range, the result of natural growth after 50 years managing assets.
In which locations do we manage property companies?
We not only manage heritage companies in Madrid, but also…
We were born in 1972 in Madrid, specifically in Puerta del Sol, obviously during the first years our service was reduced to managing assets for individuals in Madrid, even only within the M40. Today, and since 2005, we offer services to large estates, more complex building typologies, a wide range of management services, such as accounting, tax, corporate and technical, and our services extend throughout the urban centers of the Spanish provinces.
These are the locations where we manage properties for companies
- Ciudad Real
- La Coruña
- Las Palmas
- San Sebastián
*Some Provinces have fiscal independence and independent state powers, which is why we outsource certain aspects to a local partner.
“We have been customers for a year and I couldn’t be happier. They don’t mind explaining things to you several times until you understand it. They count on your opinion and there is a monitoring of my assets. They have become indispensable.”
Heritage Company Administrator
Preguntas Frecuentes sobre la Gestión de Sociedades Patrimoniales
I have inherited a wealth and I have never had a wealth manager, do you recommend setting up a company?
Well, the answer is not yes or no, there are many open fronts to be able to answer so quickly. It is necessary to understand the extension of the patrimony, the number of partners and their shares, the relationship of the partners with the company or the patrimony… We recommend that you contact us and we will value it together.
If we are a community of partners, with different percentages, are the income made in a community account or in relation to the participation quota of each community member?
As you wish, we adapt, whatever it is, you must communicate it to us by consensus (or by majority, depending on the case) and in writing.
Do you select the doorman for my family’s building?
Yes, and later we take care of preparing the payroll and payments
How do you keep payroll of employees that the company has?
Yes, but everything must be related to the main activity of the company, which is the exploitation of assets to obtain rental income.
Could you present the taxes of my family’s patrimonial company?
Of course, it is the nature of our company and of the owners, to try to centralize the procedures and derive from the exploitation of the patrimony.
Do you receive the income or us as owners?
What is most comfortable for each owner
We have a small estate, but it is organized in a partnership with my brother. Is your service suitable for me and my brother?
Our core business is property management, and we offer satellite services capable of completing and unifying. If it is small, perhaps the services described on this page are many, but we invite you to contact us to see which ones would make sense and we will send you a quote.
When is it interesting to create a patrimonial company?
Depending on the activity to be carried out and the volume. The larger the patrimony and the value of it is high, the more it is worth creating a patrimonial company.
How much tax does a holding company pay?
According to each case, according to the income received by the company. Asset companies are taxed like the rest at the general rate of 25%, although as income rises it can reach 45%.
What advantages does a patrimonial company have?
You unify all the management throughout the company. For tax purposes, you pay corporate tax, instead of personal income tax, and you can deduct the expenses derived from operation and maintenance.
FRANCISCO JAVIER FERNANDEZ CINTRANO
iSol Business CEO
«We have even helped owners who have wanted to self-manage, and after a few months they asked us for help again, and I know, it is not easy. To this day, they are exceptional clients.
Throughout all the years that I have been involved in property management for different clients, I have always been surprised by the willingness of owners to self-manage, until they realize what it means, and after 1 year They have 3 managers and still many unresolved issues.
As CEO of iSol and professional, I have been involved in many management processes for many people and companies, my focus has always been to be the professional arm and property manager involved until the end.
Your future only depends on you, you are only one step away 😉