OBS REALTY - Property Asset Management

Property asset management is the process of managing a property's physical, financial, and operational aspects to maximize its value and performance.

Property asset management differs from property management, which focuses on the day-to-day operations of a property. Property asset management takes a broader, longer-term perspective.

PROPERTY ASSET MANAGEMENT CYCLE:

MARKETING

Using state of the art technology to expose clients properties to the widest range of qualified buyers/tenants.

Website
Existing Client Base
Social Media
Property24
Physical Marketing
Networking/Events

VIEWINGS

Engage with interested tenants/buyers and arrange viewings of the properties (in person and digital)

Organize/setup viewings- making sure those viewing are suitable
Accessing and checking early before the upcoming viewing
Preparation of the unit
The viewing information, brochures, show houses
The lockup and security protocol after the viewing — the follow up with the people who viewed
Property owners feedback

TENANT VETTING

We verify the Applicant's identity, establish both affordability and suitability for the property. We do strict checks as follows:

FICA
Credit History
Employment Confirmation
Background/Social Media
Previous Landlord References
Affordability Assessment

LEASE AGREEMENTS

Prepare, compile and signature of agreements that are up to date and will meet all the current regulations.

Drafting of Lease Agreement
House or Complex Rules
Body Corporate Rules
Special Conditions
FICA both parties
Signature of lease
Distribution of Copies

INSPECTIONS

Using the latest technology RedRabbit system to do inspections which is digitally uploaded/downloaded to guide and ensure continuous maintenance if needed.

Ingoing inspection (moving in)
Interim inspections (ongoing)
Outgoing (moving out)
Inventory list (furniture and appliances)
Compliance inspection
Contractor/ maintenance inspection

DEPOSITS & RENTAL

Using the best possible property financial system available, Payprop, to ensure that the whole process is effective and transparent to all parties involved.

Invoicing and Collection of Deposit, Rentals and other Fees
Deposits are held in an interest bearing Trust Account
Automated Payment reminders
Tracking of Arrears and collection
Payment of Accounts and Contractors
Distribution to Owners

MAINTENANCE

Maintenance management, whether it be repairs or even improvements, we have a team of trusted contractors to handle any situation. We liaise with all stakeholders and manage any works done.

Liaising with service providers and contractors make sure that properties are maintained
Inspecting the problem and supplying the owner with different quotes / solution to the problem, be it plumbing, electrical or building maintenance
Following up with the process and inspecting after maintenance has been completed and keeping the owners up to date
Compliance inspection

OWNER STATEMENTS

Full spectrum of statements on a monthly and annual statements showing you every step how your asset is performing.

- Owner statement reports monthly and annual
- Property report (what was your net return, why did you not receive income)
- Income and Expenses report which can be used for your SARS Tax submissions
- Legal issue reports