When it comes to owning and investing in real estate there are certain choices that have to be made that will decide the way your property will be managed. The biggest decision to be made is whether you will be managing the property by yourself or if you decide to outsource this to an external agency. This decision is even more important when it comes to owning properties abroad. In the eyes of many, both these options have their pros and cons. With this article, we want to show you 5 reasons why we think that having an agent has some amazing benefits.
1. How much is your time worth
When you are going to decide in which way you want to manage your properties something important to take into account is how much time you will spend on managing the property, and what your time is worth to you. In case you have a normal job besides your investments this calculation is made easily by calculating the time you will spend on managing your properties and the income you have at your regular job. In case you do not have a job and your properties are your main source of income the most important thing you have to consider is how big the return on investment is and if the time spent managing it is worth it.
2. Traveling up and down comes at a cost
For investors that invest in foreign properties, managing becomes more difficult as you can not always be there to ensure that everything is in order. In case you do want to manage foreign properties abroad you will have to spend a lot of time travelling in order to offer a good service for your clients. This can cost a lot of money and time. Having an agent, in this case, is a very appealing option as you can reduce your cost and unnecessary jet-lag. Besides this, having to travel to solve your client's problems would take quite a lot of time, where as a local agent can solve problems a lot faster which benefits the experience of the client and the relationship you have with them.
3. You want to be stress-free
The goal of most investors is to create a financially free and stress-free life with the investments that they make. However, with owning properties, there are always things that can go wrong such as complaints from clients and other stressful events. The more often this happens the less attractive your investments may seem to you and can result in ending the investement and losing a stable income. To make sure you do not have to think about these matters, agents are the perfect solution to your problem. Creating the perfect experience for clients is one of the main goals at IQI and we will always give it our all to satisfy the needs of the client. Knowing that everything is taken care of is something that will make you feel more relaxed and will make your investment experience even better.
4. Agents are specialists in the field
Owning and managing properties requires a set of skills which does not come with the price you pay for your investments. You will have to know a lot about current trends, demands of clients, changes in the business environment your properties are located in and much more. All of these skills are crucial to being able to get the maximum return on investement on your foreign property. This is where local agencies can make a big difference as they are constantly keeping themselves up-to-date on developments and other important factors. Besides the fact that agents have more knowledge about the real estate market they can also speak the local language. Not being able to communicate properly with your clients is something you want to avoid in order to reduce miscommunication with your clients.
5. Marketing is not an easy job
After having invested in your foreign property clients do not magically appear on your doorstep to rent your property. In order to find the right clients, it takes hard work and it can take more time than you had imagined when you made the investment. The reason for this is that you are not the only one investing in properties and there will always be competition. In order to reach the right clients, you will have to market your apartment and constantly be available to the requests and questions about your listing. In this case, IQI already has a good reputation and has a brand name that people know about which gives us the ability to help you fulfil this task.
What IQI can do for you
As a real estate market leader IQI has the abilities to make all the above-named choices easier. With our experience, we can provide you with an all rounded service. The mission of IQI is to provide investors with the best service and build a seamless relationship with our investors. Our Philippine team will be there for you to give you the best investment experience, improve your life and that of your clients. For more information about our services, visit our Website or Contact Us: email@example.com or call us at 012-299-6155 or 037-450-6655.