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Property Performance Improvement
Background
Not all properties are performing as was promised
in the exposé. There is a wide variety of reasons why this could
be the case.
Some examples:
-
Incorrect
information at the purchase (most frequent occurrence);
-
Pressure pre-sale
renting with incentives and collapsing results a short
period after sale;
-
Non-performing
property management.
The result of these
factors are yield erosion and a deterioration of the
financial position.
It will be part of the
review to determine the reason or most likely combination of
reasons for the failure of the property investment to
deliver the planned results.
Our Service
We apply various approaches to get to the bottom of the issues
of non-performance. Where applicable we check for claim
opportunities against the vendor with a forensic approach.
At the beginning of a Performance Improvement
Review stands a Property Health Check. We apply our
proven check lists and deliver an Opportunities Report that
covers areas like rent level, cost management, vacancy
management, maintenance etc.. Based on the opportunities and
their respective value potential on one side and the
estimated time to achieve first results, "Quick Wins", we
then agree an action plan to achieve
Property Performance Improvement.
To avoid the purchase of non-performing properties we recommend
a structured Pre-Acquisition
process.
For translations of the German terminology an investor will
inevitably come across in this process please refer to our
Glossary of German Property terms and abbreveations
on this website.
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