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Managing an apartment building involves a number of legal, technical and organisational aspects.
10 basic rules of property (apartment building) management:
Legal framework and contracts
Make sure that all tenancy agreements are in accordance with the law and that you have all the necessary legal documents for managing the property.
Maintenance and repairs
Carry out regular preventive maintenance and ensure repairs to keep the house in good condition and not endanger the life or health of the tenants.
Safety and prevention
Provide security measures such as fire alarms, emergency exits and intrusion prevention.
Budget planning
Keep track of the financial costs of running and repairing the house. Plan a budget for long-term maintenance and unexpected costs.
Communicate with tenants
Maintain regular and transparent communication with tenants, informing them of planned repairs or changes.
Tenant selection
Select tenants carefully and conduct thorough background and credit checks to avoid problems with non-payers.
Handling complaints and problems
Respond quickly and efficiently to tenant complaints and problems. Try to find amicable and effective solutions.
Maintain common areas
Keep common areas such as corridors, stairwells and lifts clean and in good condition. This is not only a duty, but also beneficial to tenant satisfaction.
Compliance with regulations and laws
Ensure compliance with all local codes, building codes and environmental regulations.
Insurance coverage
Ensure that the property is insured against risks such as fire, flood, or other emergencies.
Energy and running costs
Optimise energy and utility costs. Aim to improve the energy efficiency of the building, which can deliver savings for both you and your tenants.
Respect tenants' privacy
Respect tenants' right to privacy and ensure that their personal information is protected and not misused.
These rules will help you manage your apartment building effectively,
ensure tenant satisfaction and keep the property in good condition.
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