Eldiman Property Management
Property Management Services in Cyprus
The company provides a complete array of property management services to assist its customers in every aspect of their property investment. The property management services provide various advantages to both the tenants and the property owners. The company is there to ensure that the property remains in good condition and moreover, the relationship between the tenants and the property owners is smooth and trouble-free.
The services that the Company provides to the property owners, among others, are the following:
- Regular property inspection.
- Property marketing/advertising in cooperation with real estate agents.
- Provision of long-term rentals.
- Preparation of legal paperwork, inventory list.
- Utility bill payments.
- Issuance of invoices and receipts.
- Prompt rent collection/distribution.
- Regular communication with tenants and act as a liaison between property owners and tenants.
- Preparation of quarterly statements.
- Arrange routine and emergency repairs or renovation and instruct approved contractors.
- Working closely with external legal teams, if required.
In addition to providing property management services, the company provides a variety of concierge services, which are tailor made as per the needs of the customers. The services, among others, are the following:
- Bedlinen, towels, carpet and launderette cleaning.
- Outdoor services, such as landscapers, gardening, swimming pool etc.
- Car routine service, wash and repair.
- Transportation services for medical appointments, social events, etc.
- Reservation for dinners, tickets, car rental, hotel, airline, taxi service etc.
- Post office pickups.
- Cleaning prior to the arrival of the tenants, owners, family members or friends.
- First day provisions.
The property owner may be in position to benefit from a higher rental income and at the same time benefit from an increase in property value, as long as the property is in an excellent condition, before, during and after the tenancy.
To achieve this, the property owners may take advantage of the maintenance services that the company offers, which include preventative and routine maintenance services, which are made in coordination with third party contractors, suppliers and service providers.
Design & Refurbishment
The aim of each property owner is to maintain a property in an excellent condition, in order to attract a superior tenant and obtain a higher rental return.
In assisting the property owners to achieve this, the company in coordination with third party contractors, suppliers and service providers may supervise various projects, from replacing kitchens, bathrooms, bedrooms or living rooms to full refurbishment projects.
Building Administration and Common Expenses Management
- Guide the selection and effective functioning of the Management Committee per applicable laws.
- Organize Annual General Meetings, document meeting minutes, implement agreed-upon decisions, and inform owners about these actions.
- Generate a detailed statement on the building’s announcement board outlining shared expenses and outstanding charges for individual units. Additionally, send personalized statements to each unit owner separately, informing each unit of the payable fees based on size, per relevant legislation.
- Collect and administer common expenses.
- Handle bookkeeping and accounting tasks related to communal expenses.
- Maintain financial records available for all unit owners to review.
- Establish a reserve fund for future building maintenance or unexpected costs.
- Manage payments for communal bills such as EAC, CYTA, Waterboard, and elevator maintenance.
- Employ skilled personnel to clean common areas according to a prearranged schedule.
- Conduct regular inspections of shared spaces in the building to ensure proper functionality and offer potential solutions for any issues.
- Offer advice on recovering past or outstanding debts from owners per applicable laws.
- In the event of significant or unforeseen expenses, the Company will only impose charges or take action with approval from the Management Committee.