5 People You Need As You Invest In Lagos Real Estate

Within 3years, you can own 10 properties in Lagos, it is much easier than years back to invest in Lagos real estate today, but as you buy more houses in Lagos, you need these 5 people. . First and foremost, you need a property manager. Basically, your property manager commonly called caretakers, handles the tenants and occupants of your property. . A property manager collects rent, tracks lease or rent due dates, and receive tenant's complaints. In addition, a property manager/caretaker also evicts defaulting tenants and partner with agents in sourcing for new tenants into your property. . Secondly, you need a facility manager. Unlike a property manager, a facility manager manages the entire building and ensures amenities work as it should. For example, water pump, energy metres, security staffs, cleaners, CCTV, gate etc. . While a property manager handles collecting rent and ensuring your property is occupied. A facility manager ensures tenants/occupants enjoy their stay and everything in the building works as it should. . Moreso, a property manager collects rent, a facillity manager is in charge of service charge. Lastly, repairs and replacement are handled by facility manager, for items covered by service charge. . Thirdly, you need a portfolio manager When your property list starts to grow across different areas in Lagos, and you expand into other cities like Abuja, Ibadan etc, then you need a portfolio manager. . Unlike property manager, a portfolio manager oversee your entire properties instead, he/she tracks where your property is located, the property manager in charge of each, the performance, cashflow and vacancy status of each property. . Therefore, caretakers/property managers reports to your portfolio manager, it is these reports that is compliled by the portfolio manager. . In addition, a portfolio manager also partner with asset managers to provide valuation report for each property.