Thinking about Property Management?
Property Management is about enhancing the value of your property investment through professional management. The primary function of a property manager is to work hand in hand with property owners seeking their interests by focusing on adding value by ensuring preventative maintenance, financial reporting and the management of tenants and other users. Property Management can result in lower costs, higher rents and a well maintained property. We do not mark up costs of repairs, supplies, materials or maintenance labour. The main objectives are to retain and increase value of property, promote best returns for owner and meet owner’s objectives.
Terra Caribbean’s property management department is committed to exceptional service by providing qualified, experienced, proactive personnel, well supported by a complete team of other real estate professionals. The service begins with the development of a tailor made plan to suit the unique needs of each owner and his / her properties. Our team is able to execute that plan in a timely, efficient and cost effective manner.
The property management team has all the resources necessary to manage private homes and villas for each home owner. Property administrators work closely with maintenance personnel to ensure that regular and acute maintenance is carried out.. Consistent communication with home owners and tenants is necessary. Owners are provided with monthly status reports where all activities on the property are documented with visuals if necessary. Monthly financial reporting is also vital so owners are kept updated on all income and expenses directly related. Property administrators are able to manage payment of utilities and and collect both utility and rents from tenants as per lease arrangements.
Terra Caribbean manages a variety of private homes ranging from private apartments to single homes throughout the island. Apartments and homes vary in size and condition and our team is able to provide the individual and specific attention demanded .all require specific attention of which our team has the ability to execute.
Commercial property management is considered vital in the smooth operations of a building which involves complex plumbing, electrical, air conditioning and sewer systems. Commercial buildings with a wide cross section of tenants can easily pose challenges for property owners. A management office which can facilitate rental inquiries, lease execution, payments of rent and allows maintenance issues to be reported immediately is best suited for commercial buildings. Owners and staff of the building can be freed to concentrate on core business instead of attending to building and tenant issues. Terra Caribbean property management team is well versed in developing systems and policies for Health & Safety and Disaster/Emergencies.
Terra Caribbean’s commercial property management portfolio has included The Esplanade Mall in the town of St. George. We presently manage The GCNA Commercial Complex in Lagoon Road and Horizon Plaza on St. John’s Street. Commercial services may vary depending on the size of property and needs of the owners. As part of our portfolio we have commissioned, established and maintained the operations of the malls; liaised with attorneys and other agencies, subcontractors and stakeholders; collected rents and other revenues; marketed the concepts of the malls; maintained and refurbished as required via sub contractors; provided advice and consultancy as required by owner; maintained tenant bases; worked with the owners to find tenants and provided monthly / quarterly regular reports to owners.