What is a property manager?
Well, let’s start at the beginning, most Spanish households are part of a community of owners, whether it is a block of flats or a housing development with a garden or swimming pool.
This community, which in practice are the common elements of all the owners, common areas, the building, the swimming pool, the car park etc., do not have an “owner” who ensures their maintenance and proper use, that is where the property administrator comes in.
In the same way that each neighbour insures their own home with their own home insurance and each community of neighbours insures themselves with their own community insurance, the management of the community is carried out by a property manager, not by each of the neighbours separately.
What are the tasks of a property manager?
First of all, he/she is the one who manages the accounts and everything related to the community documentation, the annual budget, invoices, payments, bookkeeping etc.
It is responsible for ensuring that the community is in good condition, i.e. ensuring that the maintenance is adequate, however, if the community cannot afford to spend on maintenance, this work may come to nothing.
He speaks on behalf of the community as a whole, although he is there as a representative of the community, i.e. the decisions taken by the community must be abided by, even if he does not share them.
It organises the neighbourhood meetings and goes to them to take the minutes of the meeting, which is where the agreements reached by the neighbours are recorded.
How much does a property manager cost?
Answering this question is complicated, the cost depends on the number of neighbours, the complexity of the community, the service contracted, etc., let’s say that each quote is tailor-made. However, the cost can vary between 6-8 euros per neighbour, to give you an idea.
Is it worth hiring a property administrator?
In my opinion it is very worthwhile to hire a property administrator to manage the community, it is a very widespread service, so the cost per neighbour is very low, and it will take away a lot of problems and conflicts with our neighbours, this in practice is priceless.
In addition, it will help us to reduce undue costs in our community, detect possible problems, and even improve the supplies of our community, since the administrator usually has access to insurance agents to improve our community insurance, to reliable repairers (masons, plumbers, etc.) or energy brokers to reduce the community electricity bill, among others.
In futurseguros, as insurance agents we have contact with property administrators in Mallorca, if you need us to put you in contact with several of our confidence write to us, also if you need a community insurance, ask for a quote here.
In futurseguros, we are committed to excellence and customer satisfaction, if you are a property manager in Mallorca, Ibiza, Menorca, or the rest of Spain, contact us, together we can offer comprehensive solutions that strengthen the relationship with your customers.
Don’t miss this opportunity to differentiate yourself and add value to your services. Contact us and find out how we can work together.