Revolutionizing Property Management
RE / MAX Property Management ; a Striking Partnership between RE / MAX Egypt and Hassan Allam
Property rental has become an essential part of all Egyptians ’ lives . From tenants in search for a nice apartment , to big companies in search for office buildings , everyone is on the lookout for a well-maintained property to rent . On the other hand , maintaining property and renting it out is something that not all landlords are capable of doing professionally . Whether it be because of their many other engagements , or the fact that they don ’ t even live in Egypt , many landlords find that their property is dormant , when it can generate revenue for them . And when it comes to corporate clients , or investment funds of multiple properties , it is not easy to make sure everything is top notch especially when the buildings require maintenance on a regular basis . This is why RE / MAX Egypt joined forces with Hassan Allam to bring forth RE / MAX Property Management , a project which is the first of its kind on this scale . Combining RE / MAX Egypt ’ s stellar real estate brokerage expertise with Hassan Allam ’ s reputable facility management services , the RE / MAX Property Management is ready to usher in a new age of property management in Egypt .
Introducing RE / MAX Property Management
There are plenty of reasons why some landlords own dormant property , property which does not generate any revenue , because they are simply closed . These reasons vary greatly ; some people own multiple properties and only live in one , some only buy properties for investment , some live outside of Egypt , some have bought them for their children , and many other reasons . “ There are around 5 million locked up properties in Egypt ”, Mr . Khaled Nasser , Chairman and Regional Director of RE / MAX Egypt says . “ These properties can generate significant revenue for their owners and in the meantime , they will solve the problems of many others who want to rent properties ”, he explains .
However , many people choose not to lease out their properties , most of the time because of legal issues , such as fearing that a tenant could refuse to pay rent , refuse to leave the apartment or even ruin the property . Seeing that Egypt is in dire need of property management , RE / MAX stepped up . “ A property manager basically represents the landlord and is responsible to do everything from A to Z on their behalf . Since RE / MAX has been already in the market , dealing with thousands of customers , we see that there ’ s significant need for this service in the market ”, Mr . Khaled Nasser continues , “ one of our biggest concerns was that the labor quality in Egypt is very low , so we found a significant opportunity with Hassan Allam . They are a reputable Egyptian company working in contracting , development and they have a facility management company with over 800 personnel working there ”.
This exciting new challenge was met head on by Hassan Allam . “ I think there ’ s an opportunity here for us , because we can unlock a lot of local unused property , bring that into the real estate liquidity in the local market , and also overseas capital ” , Hossam Allam , Managing Director of Hassan Allam Facilities Management , says , “ it ’ s interesting for us , Hassan Allam , to be able to provide maintenance and to outsource services to the real estate market in Egypt . Having the RE / MAX Property Management vehicle available to tap into a large number of property is interesting for us ”, he concludes .
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