Property Management in Cambodia
Property management is an important aspect of Cambodia’s fast-growing serviced apartment and condominium sector. It plays a vital role in maximizing the life, assets and all-around quality of a building.
The delivery of building services also plays a key role in attracting and retaining tenants. Residential complexes need to be at par or be more innovative in this highly competitive market.
Whether the type of real estate is a single property or a large serviced apartment, property management sector provides a mix of owner-managed properties and professional companies.
Property Management can either be:
- Owner-managed properties that deliver minimal services on a budget.
- Professional companies that provide “full services” with varying success.
Professional property management in Cambodia is relatively new compared to other countries. However, this is starting to change.
Considering the high demand for commercial spaces, apartments and condominium complexes being built in the country, it’s the best time to look into the advantages that the property management sector can offer.
The Future of Property Management in Cambodia
The next few years will be interesting to watch unfold in the property management sector. It is expected that the traditional “family management” setup is about to change. Owners will slowly start to engage professional management services to meet the needs of the market.
From single property owned by foreigners living abroad to local landlords that own a large serviced apartment, our extensive knowledge of key real estate in Cambodia makes us an ideal company to cater to the diverse needs of our clients.
IPS have a wealth of experience in Cambodia real estate. It gives us the expertise to ensure that you can expect the highest level of service that is within your budget. Our main focus is on attracting and retaining tenants.
With extensive experience in Siem Reap and Phnom Penh properties, IPS’ property management service is specifically designed to ease the stress out of property owners.
IPS employs a diverse team giving us the capability to communicate effectively with a different types of customers. All correspondence, communications, and accounting are performed by our staff. This allows the owners to just relax and receive payment each month.
Consequently, buildings that choose to ignore the importance of property management in managing and maintaining their building, and attracting/retaining tenants will soon realize the adverse effect of not employing this model.