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Management companies provide a wide array of property management services to investors. The needs of each real estate investment may be different and the exact service offering of each company will vary, but here is an overview of the main services offered by residential property management firms. Determine the best rental rate A manager will perform a detailed evaluation of your property in an effort to determine the optimal rental rate. This typically involves documenting the interior and exterior with quality photos, offering recommendations on repairs and cosmetic improvements that will improve ROI, researching comparables and their current rental rates, and discussing with the owners the pros and cons of different policies and restrictions on the property. Market the unit to tenants A competent property manager should have a lot to offer and be actively involved in the process of gaining new tenants. This typically means preparing the home for rent, creating ads and marketing the ...

As the Ugandan economy continues developing, the property market will grow. Many of the property sector investors however will probably not have time to manage the properties themselves on a day to day basis. They will increasingly rely on property management firms. Before considering property management in Uganda as an investment option, the investor needs to however be aware of the following: THE CONS 1. Legal hurdles. You should be aware that in Uganda, owing to the poor land tenure system, combined with administrative inefficiencies and corruption, property purchase and construction is often fraught with legal difficulties. It is not uncommon for individuals to obtain illegal planning permits for construction of properties in say gazetted zones like wetlands and forest reserves. Subsequently rectifying this irregularity has often resulted in long drawn out legal processes and the owner and thus the property manager often lose revenues during the non occupancy of the disputed proper...