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Promising real estate service – real estate management

Promising realtor service-real estate management not so long ago, the real estate market began to provide a new service for Russians, and quite popular abroad-real estate management by proxy. The essence of this service is that when the owner of real estate (residential or commercial) can not or simply does not want to deal with the management of any real estate object, he assigns management to the realtor.

This situation may occur, for example, when this property is located in another city and the new owner inherited it. In this case, the owner of the property enters into a contract with a local realtor or real estate Agency, according to which he transfers all the powers to manage the apartment (for example, renting it out). The owner of the apartment does not need to take care of cosmetic repairs in the apartment, place ads, meet with potential employers – now all this is in the competence of a trusted person.

“Fascinating” the procedure of control over utility payments and rent collection, is also transferred to the realtor. The contract of trust management of real estate is drawn up in a written format. The parties to the agreement receive a legal status – the owner is now the beneficiary, and the realtor is the Manager. Now, based on the provisions of the contract, the Manager has the right to sign on behalf of the owner of the contract on property insurance, leasing, etc.But the Manager can not sell the property, since it is not the owner. The contract must indicate: the name of the beneficiary, the list of property that the owner transfers to the trust management, the form and amount of the Manager’s fee, the term of the contract (but not more than 5 years). Once every six months or a year (as stipulated in the contract), the Manager submits a report on all the activities of trust management of the property entrusted to him, on the expenses and income incurred.
The Manager is able to calculate various options for managing the object and focus on the most promising, as he knows all the nuances of the real estate market. By choosing a new form of real estate transaction – trust management, the owner receives the maximum possible income, even taking into account the remuneration paid to the Manager.

 

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