Notice

From 1st October, we are relocating to our new offices at Consolidated Bank House, 1st Flr, Nkrumah Road opposite A.C.K. cathedral. We regret any inconveniences caused.

House for sale

A 5 bedroom maisonette at Kizingo area in Mombasa CBD Kenya near Mama Ngina High School on a quick sale for Kshs.42 million US $495,000.00
For more details click here

Property Management 101

I have peace of mind

 Do I need a property manager?

First time investors and property owners seldom understand how time consuming and hectic managing your own property can be. Even veterans with experience in real estate will tell you the massive saving in time and energy getting a professional to do the job will earn you.
As a property owner, hiring a professional property management agency can help you with operations of your property.

·         Value for your time

Having a dedicated property manager frees you from the burden and stress of property management giving you the freedom to do your own work or business

·         Jointly owned properties

Having a property manager makes it easier for you to share the proceeds with your patners.

·         Location of your property

Are you relocating? Do you want to invest in a property not in your geographic location? Maybe your schedule does not allow you to be available at your property most of the time. A dedicated property management agency is the most practicable solution.

·         Property management requires dedication

Routine repairs and maintenance, rent collection, defaulting tenants, legal action, possible eviction, paying utility bills, advertising vacant houses and book-keeping are some of the realities of property management that can easily become your headache. Its better to let the professionals do the hard work for you.

·         Banks/Financial institutions legibility

When you receive your payments from an agent by payment voucher or bank account deposit, they put you in good stead to access credit facilities from financial institutions as opposed to when you collect rent directly from the tenants by yourself.

What exactly does a property manager do?

• Marketing your property
• Routine and emergency repairs and maintenance
• Rent and deposits collection
• Oversee evictions and recovery from defaulters
• Customer care service to tenants
• Payment of utility bills
• Complying to government legal requirements of property management

Why Elegant is the property management Company of Choice

·         Knowledge of the local market

We have offices in Mombasa CBD, Likoni and Voi and other offices slated to be opened in the near future. Furthermore, we have field officers in all geographic locations around Mombasa. Thus, no one understands the local rental market like we do.

·         Excellent Customer Service

On customer service, we are the best real estate management agency. This is because to us our landlords and tenants are our most prized asset. Nobody can give a better picture of the service, than a current customer. We can provide you with the references to ascertain our professionalism..

Elegant Investments upholds Confidentiality, Honesty and Respect while dealing with its clients this is the key to the great relationships we have with our tenants and landlords.

·         We are the professionals

We are Real Estate Agents of long standing having been established in 1996 and registered by law with the Estate Agents Registration Board.

Our management and staff base is solid with personnel of proven experiences who have been in this business for many years. You can see our staff Here and see our company profile Here

·         We make timely payments to our landlords

"We pride ourselves on selfless services and timely payments to our landlords."

On rent collection which is our core business, we pay our landlords not later than 8th day of every month and where proper tenants’ deposits are held by us we pay our landlords a lumpsum based on the due rent and not on actual rent paid.

·         Low commission rates

Our commission is relatively low and negotiable depending on the type of services being offered. When called upon we can expound more on this matter.

·         Security

We are relatively secure and have made sure landlord’s funds are secure. For this, we can avail to you the sureties.

·         We offer our landlords credit facilities

We advance friendly loans to our landlords for renovation, electricity installation e.t.c.

Next: Click here to start the process

Real Estate Investment Tips

REAL ESTATE INVESTMENT TIPS

By Sammy Maitha – Sales Executive 

Mr Sammy Maitha - Elegant Investments (1996) LTD

Real estate investing is not as simple as many may think. It’s indeed a more time consuming process.

 

It’s a process that entails:-

1.   Finding the right property.

2.   Proper managing of the property.

3.   Keeping good financial records.

4.   Marketing and attracting good tenants for your property.

NB: You need to know some real estate investments tips in order to be safe and profitable.

THE FIVE W's OF REAL ESTATE INVESTING

1.   THE WHAT?

What is real estate investing?

Real estate refers to land / or anything which can be permanently attached to land. In essence it could mean a building of any sort which is permanent or land on which these permanent structures could be placed.

2.   THE WHO

Who can invest in real estate?

Anyone who can provide the resources can invest in real estate. Though it may require substantial amounts of money.

It’s worthwhile to note the following keys if one is interested in real estate investing

§  Your Credit Matters

If you are looking at taking out a loan for you investments, you need to analyze whether the profit is worth the risk.

§  Questions To Ask

When choosing a piece of real estate it’s prudent to ask questions and lots of them e.g.

a)    Has the land / building been appraised?

b)   What’s the overall prevailing value of the neighbouring properties?

c)    How has the local area affected the value of the land / property?

d)   What are the future economic prospects of the area?

NB:

Ø  Be pro-active – If you find a property which suits of your personal goals and you have fully explored the options – TAKE ACTION

Ø  Trust your information but also trust your gut.

3.   THE WHY

Why would someone want to invest in land? Why would someone invest in a building?

§  Lifetime Income- An investment in a property then put in the market for rental income can bring a lifetime of income.

§  Service To The Community -  With the acute shortage of housing in the state, the investor who chooses to put his property for rental is providing a noble service to his/ her community

§  Actualization – having your own home is indeed an immensely satisfying achievement in life.

4.   THE WHERE

Something to remember when looking to invest in real estate is location.

How much you will spend on the property, how much you will earn on rental and how much you’ll earn from the sale of such depends on the location.

5.   THE WHEN

When is a good time to be a real estate investor?

My answer is yesterday!!!!!

Some Things To Note As Whether To Invest Or Not.

§  Local and international real estate fluctuations.

§  Local and national economy

§  Interest rates.

I hope you found this document informative. Visit our website http://www.elegant.co.ke to sample our services.

Introduction

We take this opportunity to introduce our services to you.

We are Real Estate Agents of long standing having been established in 1996 and registered by law with the Estate Agents Registration Board on 5th June, 1999 vide registration No. 801 Government of Kenya.

Our management and staff base is solid with personnel of proven experience who have been in this business for many years.

We provide the following services:

• Land and property management.
• Sell of properties.
• Letting houses of all types.
• Rent collection.
• Related fields e.g. renovation and assistance in electricity installation.

We provide these services in the wider Mombasa region.

We pride ourselves on selfless services and timely payments to our landlords.

On rent collection which is our core business, we pay our landlords not later than 8th day of every month and where proper tenants’ deposits are held by us we pay our landlords based on the due rent and not on actual rent paid.

Our commission is relatively low and negotiable depending on the type of services being offered. When called upon we can expound more on this matter.

We are relatively secure and have made sure landlord’s funds are secure. For this, we can avail to you the sureties.

We have many references which we can give you to ascertain our business management and professionalism.

We also give the landlord the opportunity to withdraw his/her house within two months in the unlikely event of them not being satisfied with our services.

We therefore kindly request you to Contact Us and promise you that you will never regret for doing so.

On our Official Website please find our Certificate of Incorporation, PIN, VAT and other documents.

Yours faithfully,

HAMILTON M. SAMBOJA

GENERAL MANAGER