Condominium
Management.

Realhouse has a number of years’ experience managing high-end condominia. We are administrators for some of the larger properties on the island.

Our account managers ensure that salient issues with the building are seen to in good time, and that our property manager, who performs regular inspections of the building, reports all matters back to our base. The account manager delegates general maintenance jobs to our in-house handyman or to one of our trusted service providers. The property manager also ensures that the place is cleaned regularly and that the lifts are in full working order.

What we offer

• Comprehensive administration services including management of all accounts
• Supervised and well-planned maintenance operations
• Back office support services
• Expertise in the resolution of condominium issues and affairs
• Full and regular financial and operational reporting
• 24hr emergency contact number
• Implementation of energy and cost-saving exercises that have proved very successful with most condominia under our management

Administration and finance

All administration and finance functions are handled concurrently by our administration department in conjunction with our accountants and auditors. These include a pre-planned contribution collection procedure: budgeting of annual maintenance charges, issuance of bills, collection, chasing and deposits. All financial reports, and audits where necessary, are produced in a timely manner.

Sinking funds

Our experience has led us to understand the importance of setting up a capital or sinking fund. Most buildings need improvements and major repair works between the seventh and tenth year, especially to facades and internal stairwells. We recommend that an estimate is carried out to cost the maintenance requirement on a number of mechanical and building parts, and that this is discounted to an annual contribution by all apartment owners, held in a segregated bank account.