Ark Consultants Limited offers specialized property management services to real estate investors like you. Our personal touch ensures that we take care of your property and tenants as if they were our own.
We specialize in the management of residential, and commercial properties. We handle every step in managing your property in Kenya and we’re ready to put that experience to work for you.
A property manager will run all the affairs of property from having a clean and aesthetically pleasing property to collecting rent, ensuring that tenants have duly signed agreements and are adhering to the terms, paying for utilities, and ensuring compliance with local laws. With a property manager, you are not involved in the day-to-day running of the property. Hence you are free to engage in other activities that interest you with the assurance that your property is in good hands.
As a potential tenant, a property manager will assist in the search for a property that is suited to your needs in terms of finances, location to work and/or school, size, and any other detail that you may require.
The cost of a property management service depends on whether an individual will be managing the property or a Real Estate company will. When it is the former managing a property, this will be a salary that will have been predetermined or one that is based on the collection.
If it is a Real estate company managing a property, the Estate Agents Act of Kenya (Cap 533), provides the pricing for this i.e.,
For residential properties – A ceiling of 10% and a minimum of 5% of the total collections
For commercial properties – A ceiling of 7.5% and a minimum of 2.5% of the total collections
They are charged with:
Collection of rent, property maintenance, service provider management (oversees duties of cleaners, security guards, and any other workers on the premises under their supervision), management of utilities (water, electricity, sewer, internet, etc.), tenant management, advising the property owner in matters of optimum rental rates, investments, regulations and market trends) and compliance with local laws.
The property and construction industry is an ever-growing industry thus the demand for property managers will continue to the foreseeable future.
If you have excellent problem-solving skills and enjoy interacting with people, it could be the path for you.
A property manager’s salary depends on the number of properties managed, the value of the properties, educational background, certification, skills, and experience of a property manager.
Of course, it comes with its challenges, however, that is what will lead you to success or excellence in the field.
To become a property manager, one needs: