International Property & Asset Management

Acquiring international property assets in European cites can be a valuable but time consuming and difficult process without specialist help.

Just some of the things you need to consider, arrange and pay for include:

• White finish (many units sold in Poland are sold as black finish - meaning the wall are in place, but you need to add the plaster and/ or the paint and many of the internal fittings
• What kind of kitchen should you install?
• What white goods do you need to purchase and supply?
• Do you put washing machines in the kitchen or bathroom?
• Do you wish to upgrade your shower/ bathroom facilities?
• Most units will lack lighting - just have bare wires hanging from the walls, what will you do about light fittings?
• Do you need to add curtain rails and curtains or just the rails? Or are blinds better?

All these decisions need an ability to balance the cost and the likely rental (or resale) return and depending on your strategy, the location of the unit and who the unit will appeal to, this will determine the best investment mix for our assets.

And, once the unit is completed, then the process of making tenant ready begins. Here´s a few things you´ll need to do...

• Assess the local market (Furnished or unfurnished preferred? Achievable rents for your type of property)
• Furnishing your property (Finding a supplier, choosing for the market, delivery)
• Finding a letting agent (Who is reliable? Who provides the best service? Who can achieve the rent you are after?)
• Overseeing the agent on an ongoing basis until your unit is let? (Is the agent doing everything they can? Is your property on the market at the right price?)
• Handling rental offers (Who has applied? Are they suitable? What checks have been done?)
• Signing up the tenant (Signing of tenancy agreement, setting up of rent payment)

That's just up to the point of getting your tenant. What about the ongoing management of that tenant and maintenance of your property? That's paperwork, financial tracking, time, hassle and cost.

Now, let´s say you have 3 units or perhaps 30 units, the hassle of organising these becomes magnified and the paper management becomes a substantial burden.

This is why in addition to our expertise and knowledge, i-PropertyAssets has developed a specialised online portfolio management tool that allows you to centralise all the decisions and paperwork in one place, and track and record those decisions.

This essential portfolio management tool, plus our expertise, will help ensure you achieve swift resolution on all these points such that you are able to maximise the returns and minimise the voids on your assets.