In Senegal, a property manager is the person or organization responsible for managing a property owner's real estate. An expert in real estate law and possessing in-depth knowledge of the profession, they are a key player in this sector. Owners typically engage their services when they have a substantial real estate portfolio, allowing them to delegate all the tasks associated with property management. This article will explore all aspects of the property manager profession in Senegal.
A PROPERTY MANAGEMENT SPECIALIST
The property manager is appointed by the owners of the real estate. These owners can be individuals or companies. Furthermore, the properties involved can be of all types: houses, apartments, buildings, commercial premises, etc.
Once a property owner appoints a property manager to handle their rental needs, the professional will have several responsibilities. These include organizing property viewings, selecting the most suitable applications, and preparing all necessary rental documents.
Generally speaking, their job can be considered similar to that of a real estate agent. But in reality, their scope of action is broader . They are responsible for intervening in all areas of rental management. This requires them to have in-depth knowledge of the legal framework surrounding rentals. It is their responsibility to draw up leases, prepare move-in and move-out condition reports, collect rent, issue receipts, and more.
A MEDIATOR
In Senegal, property managers act as a stabilizing force and mediator in the field of rental management. Their role extends far beyond simply matching supply and demand. Indeed, in the event of a dispute, it is their duty to resolve the issues and prioritize amicable solutions. If the conflict cannot be resolved this way, it is up to them to initiate legal proceedings to restore balance. Real estate agents do not go that far.
For example, a property manager in Senegal will initiate legal proceedings in the event of damage to the property, or for payment defaults.
A REGULATED PROFESSION
As we saw earlier, the property management profession in Senegal is unique. Consequently, the profession is highly regulated . Therefore, anyone wishing to practice this profession must comply with a number of rules. The most important of these is to possess a professional "Property Management" card . This card is mandatory and required to practice as a property manager in Senegal. It must be renewed annually to maintain its validity.
Holders of a Bachelor's degree (BAC+3) in business, law, or economics are eligible. Those with a two-year technical degree (BTS) in real estate are also eligible.
THE PROPERTY MANAGER'S REMUNERATION
In Senegal, property managers are generally paid a percentage of their fees. This percentage is usually applied to the rent collected. In all cases, these fees are defined in advance in the management agreement signed by the owner and the manager.
Therefore, remuneration will vary depending on the tasks required, the number of properties to be managed…
Visit our search engine to discover our real estate properties in Senegal.