Property managers can relieve the stress of tenants

Residentials such as these in Kisugu, Namuwongo can easily be managed with the help of a property manager. PHOTO BY COLLEB MUGUME

What you need to know:

  • You may want to set up a real estate business but are not ready for the hustle of dealing with tenants. Propery managers can do this at a cost.
  • Benefits : Hiring a property management company is a good property management idea if you can afford the fees. If you think you are able to manage things yourself, you may want to keep doing so until the market turns around because most companies expect between five to ten per cent of what you collect in rent revenue.

It was always a hustle for Richard Kalumba to collect the lumpsum he expected from his tenants. Many of them would have excuses for not paying their rent on time while others disappeared without paying. This greatly hindered his investment plans as he wanted to use the money to develop other businesses AThis is common to many landlords who manage their own property. Tenants get so familiar that they start giving excuses for partial or delayed payments. However, with the hiring of a property management company, the case will be different.
According to Eng Abdu Nasir Mugisha, the director, Man Property Service Limited, people who contract property managers do it to avoid the hustle of chasing for rent, evicting tenants, dealing with tenants who wreck your property, rental scams and lousy vendors.

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