If the rental property that you are about to build lacks good management and governance.
Then it will be difficult to meet the highly demanding business plan that Build to Rent Property Developers have.
Lease management for Build to Rent in Spain
We transfer all the experience acquired in estate management in Spain through our Property Management service to Developers and Investment Funds to provide solutions for their new Build To Rent business models. Having a manager that solves everything is priceless.
Would you invest 1.000 € in a stable company with an unstable return? Of course not!
So, why do we have to take care of tenants? If they pay in time and remain for a long time, so much the better, right?
Do you know what they call their customers in MERCADONA (what tenants would be for us)? The BOSS, that´s right, and it seems to work for them, they take care of them to the maximum so that their “user experience” is as high as possible, and that will be reflected in more time with us and lower non-payment rate.
In a world where you have learned to consistently earn income through real estate development, making room for income through Built To Rent may seem like a no-brainer. BUT IT IS NOT. If you are not able to take care of who is going to generate that income for you in the medium – long term, they´ll tell you …
“The greatest added value of a thorough Property Management is the attention to tenants, based on our experience, agile response and problem solving, which are the most critical points.”
Francisco Javier Fernández
CEO at iSol
Tell me if this sounds familiar?
Before starting a Build to Rent real estate development project, you surely had previous experience with renting.
Complying with the Business Plan is not easy, and management multiplies x1000 the number of variables that can affect your Excel.
And what´s even worse!
They have caused you to suffer from a phenomenon known as “paralysis by analysis”, because you don’t know where this deviation in the calculations is coming from.
You must UNIFY
The build to rent manager must provide the best experience during the renting process
The key to achieving this is to deploy a highly experienced, and very agile team.
ONLY a 5,5%
According to a study conducted in iSol Business, of all the interactions between tenant and iSol, only 5.5% (the important ones) reach the Property. Study conducted on 80 properties, 6350 communications per year.
A client of ours who took the decision to self-manage, told us that he went from spending 100% of his time raising capital and looking for opportunities, even created an in-house management team; however his available time was reduced by half, so what happened? He went back to iSol
= Profitability, + Time
If you are thinking of creating an in-house management team to save costs in your business plan, you could be wrong! According to our study, it is only worth considering having an in-house management team for properties with more than 800/1,000 rental units.
RENT MANAGEMENT FOR BUILD TO RENT
Our comprehensive rental management program for developers and investment funds entering the world of Build To Rent. Optimize your time as a landlord, guarantee the satisfaction of your tenants, monitor the compliance of their contracts, and strengthen your assets with a solid management team like iSol.
Some of our clients
Propietario de 4 edificios y 3 locales comerciales
“Francisco and his team do an impeccable job, they keep up to date and to the penny all incidents of each of our homes. So besides the incredible management, they have being trustworthy from the beginning”.
Ingredients that make our build to rent management unique
There is often a misconception that when you outsource your property management, you often lose some control over your assets. That approach often overlooks the most important thing: the amount of time consumed by each tenant.
Our property management approach for any client with substantial assets, are customized projects developed from scratch: A unique way in which iSol empathizes with the Landlord and understand their goals, and adapt our management approach to the client´s needs.
We listen first and then adapt our management to the needs of each property owner.
We monitor in our system from the contract, up to the incidents
We set up a schedule of periodic dates with the Landlord to provide feedback.
«Be specific enough to be credible and universal enough to be relevant.”
Writter & Speaker
START OPTIMIZING THE MANAGEMENT OF YOUR BUILD TO RENT PROJECT IN SPAIN WHILE REDUCING THE RISK OF DEVIATION FROM YOUR BUSINESS PLAN.
REQUEST QUOTE NOW, AND TALK TO US
But first, make sure that our BUILD TO RENT Management solution is suitable for your property.
Nuestra metodología de gestión ha generado excelentes resultados con nuestros clientes con diversas tipologías de patrimonio.
Ahora bien, sólo colaboramos con propietarios que quieren que cuidemos su patrimonio como si fuera nuestro
Por favor, antes de consultar nuestro servicio, verifica que tu negocio cumple con un mínimo de 2 de estas 3 características:
Build to Rent Management Frequently Asked Questions (FAQ´s)
Since the construction time of a development can be extended, when is it advisable to plan the rent management?
Since the moment we acquire the land, when estimating the income, we should be informed of the rental prices that we are going to ask for, in order to make a valuation. After that, there is enough time to plan the management strategy.
If the projects include commercial (retail) space, should the Property Manager also be in charge of their management?
Sí, el gestor debe encargar de la gestión de dicho patrimonio, diferente es si también se tiene que encargar la explotación, uYes, a property manager must take care of the management of these commercial premises (retail), but it is different if he/she also has to take care of the operation, one thing is not bound to the other. Usually in long term residential rental, the same manager does it, but in other sectors, it can be found in a manager on the one hand and the operation on the other hand.
All the build to rent projects that we are going to build are under a separate company from the usual one. Could you manage the holding company?
Yes, as long as the activity is exclusively to obtain rents from such assets. We recommend you to see the service in the top menu of “Holding Company Property Management”.
Do you keep the balance sheet for the property’s operation?
Yes, we periodically send a monthly statement of income and expenses.</div>Yes, we periodically send a monthly statement of income and expenses.
Do you keep the buiding´s or condominium´s Doormen payrolls, for example?
In most cases, we do, in some exceptional cases we outsource it.
Do you also do the technical (construction) management of the buildings?
Yes, it would be necessary to define the scope of the work you want to do, whether it´s monitoring the preventive maintenance tasks at a technical level, or to perform technical audits every certain agreed period…
VAT filing as well?
Yes, but when compensating with the VAT of the construction work, it would be better to discuss it in a prior meeting.
Is the rental income received by you or by us as owners?
Nos adaptamos, nuestro trabajo no se ve afectado. Debemos tener acceso a los ingresos para que la contabilidad que llevamos podamos contabilizar todos los gastos e ingresos y poder comprobar cada punteo.
The project we are building has a garden and swimming pool. Do you also take care of the maintenance and operation management?
Yes, we oversee all the maintenance of each part and coordinate with the specialists in each area to make the respective maintenance visits to each installation.
What is Build to Rent?
It is the design and complete development of a real estate project , from the acquisition of the land, construction, etc; with the main objective of renting it out.
FRANCISCO JAVIER FERNANDEZ CINTRANO
CEO at iSol Business
«We ourselves were already doing Build To Rent with our clients, when it was not even talked about. Working together for more than 30 years is the key to exploring new paths. The result is a 4.2 point increase in profitability.»
During my career, I have participated and led multiple property management projects. I have witnessed major fiascos and resounding successes.
Your future only depends on you, you are only one step away 😉