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What Factors Play a Role in The Cost of property management Services?

There are multiple factors that come into play when you consider what determines the cost of property management services.

The Type of Property in Question

First, we must take the number of variables into account that will affect the cost of implementing property management solutions efficiently. The type of property in question will largely determine the degree of property management services required to keep tenants and owners happy.

When you consider living in a complex, the professional property solutions will need to take care of and manage multiple sectional titles, tenants, owners as well as all of the communal properties included. For example, if there is a swimming pool, levies will need to be put in place to ensure there are funds allocated to ensuring the pool is always safe, clean and functioning for the tenants.

If the complex includes a security system and staff, they will also need to be paid for their services which will be managed by professional property solutions. This way the security which many buyers are after is always successfully operative and keeps the appeal of living in a complex intact.

Levies

The amount of maintenance required for sectional title living that is controlled by property management solutions varies depending on what the complex includes. The levies go towards maintaining communal areas and services such as:

  • Gardens
  • Parking bays/ Walking paths
  • Gates and booms
  • Security
  • Staircases
  • Elevators
  • Swimming pools
  • Play areas
  • Clubhouse
  • Tennis courts

 

Management Fees

All professional property solutions providers like Mansfield Property Solutions charge a management fee. The management fee largely goes towards paying the sectional title manager who has ensured that all the legal, financial and administration duties were handled each month.

Legal Fees

The management of residential complexes handle any legal services, if and when required. Like everything else in life, nothing worth having is free. There are fees included to process and receive all the necessary legal paperwork that ensure all tenants and owners are protected by a number of Acts.

For professional property solutions you can trust contact us at Mansfield Property Solutions for a quote.

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