Central Estates Zambia

Central Estates Zambia has been managing properties in Chingola, Choma, Kabwe, Kafue, Kalulushi,  Kitwe, Livingstone, Luanshya, Lusaka, Mazabuka, Monze, Mufulira, and Ndola on behalf of clients since 2007. Our Clients (Landlords) include individuals and Organisations; who outsource the management of their properties to us in order to concentrate on their core businesses.

Central Estates maintains a close relationship with tenants to ensure that  they take pleasure in keeping the suroundings of properties green and friendly.

Landlords are allowed to visit their properties at reasonable intervals to be assured that their properties are maintain in good condition as per contractual agreement.

We offer Landscaping services on longterm contract basis. With shrubs, grass and flowers from company owned Gardens, our clients are assured of green a environment and lower rates.

To realise the best returns from your property investment, give it to the professionals to manage. At Central Estates, we offer competitive rates to ensure satisfied clients.

Because we manage tenants professionally, we have had no complaints from tenants. Most of our properties have never been vacant from the time we took over management.

PROPERTY MANAGEMENT OPTIONS

INTRODUCTION

At Central Estates, we shall manage your property in a professional and most prifitable way. We will act on your behalf to preserve the value of the property while generating good income for you. Managed properties include Residential Housing Units, Condos, Flats, Vacation Properties, Holiday Homes, Commercial Retail Space, Guest Houses, Furnished Apartments and Lodges.

Whether you have a large apartment complex or a single family house, you are welcome to the Central Estates family. Give it to us to manage, and free up you time and mind from the troubles of chasing tenants, maintenance headeches and other hustles that come with managing a property.

 OPTION ONE: PERCENTAGE RENT

If you choose Option One, we shall sign a property management agreement with you, whereby you will give us the right to let it out to new tenants and collect rent. We work with tenants to ensure that the property is well maintained, and handle all queries that are a Landlord's responsibility including maintenance works with your approval. We in turn charge 10% Commission as our commission for all rent collections made.

OPTION TWO: FIXED RENT

For this option, we shall manage your property and pay you the agreed amount whether or not the tenant has paid, as long as there is a tenant in the House. We in turn charge 10% Commission plus 2% Maintenance Fee which is retained by Central Estates for emergence maintenance works.  This is done to ensure that the property is always in good condition.

A statement of use of money retained for maintenance services will be given to you quarterly. Where no maintence works are done for a period of time and the money has accummulated, you may claim up to 75% of it. 

OPTION THREE: GUARANTEED RENT

Under this option, we shall sign a rental agreement with you, and will pay you a fixed rent per month. As per the agreeement, you will give us the right to sublet the property to our tenants. Central Estates will pay you the full rent as per the agreement whether or not there is a tenant in the property. Since we pay you irrespective of whether the property is occupied or not, we manage all aspects of the property and charge rent at our own rate.

OPTION FOUR: FIXED FEE

This option is for monitoring your vacant property or land. We ensure that the property is safe and secure, and report back to you as agreed. We charge a monthly fixed fee.

OPTION FIVE: RENT SHARE

This option is for commercial establishments that generate revenue. We shall sign an agreement with you with the right to convet the property into a revenue generating business such as an Office Park, Business Centre, or Serviced Apartments.

The tenants will pay rent to Central Estates. We charge 10% Commission plus 3% Meintenance Fee. The maintenance fee is used  to maintain common areas of the property including General Maintenance Works, Upkeep of Grounds and Utility bills.

OPTION SIX: SERVICED APARTMENTS MANAGEMENT

Under this option, we manage Residential Units as Serviced Apartments. We take furnished apartments from you, market them, take care of all operations, and charge 10% Commission plus 3% Property Maintenance Fee.

OPTION SEVEN: FACILITIES MANAGEMENT

At Central Estates, we manage the common facilities and amenities in large apartment complexes such as Shopping Malls, Blocks of Flats and Office Buildings. This includes doing maintenance works, landscaping and general cleaning.

OPTION EIGHT: COMMERCIAL PROPERTY MANAGEMENT

We rent the property from you at a fixed fee, and convert the property into a retail Unit or a Plug and Play Office by furnishing it. Under this option, we demand for long term lease due to large amounts spent on remodelling and furnishing the property.

OUR WORD

All Commissions stated above may be negotiable depending on the condition and situation of the Property. If you have a property you would like us to manage, get in touch with us for a competitive commission.

If you have a Property you want to give us to manage and do not understand these options as given above, give us a call. We shall come over to your property for a discussion if you do not have time to come to our Offices.

Our Agents in Lusaka, Livingstone, Kabwe, Ndola and Kitwe are always available to give you any further information you may desire. 

Whether you are within or outside the country, with Central Estates, your property is in safe hands. Come and talk to us for a professional advice on your property. 

For more information on property management terms, contact us.

Central Estates Zambia, P. O. Box 36196, Lusaka. Zambia. Call: +260962563356, +260950045154

 Email:    enquiries@centralestates.org, info@centralestates.org

View our products: www.centralestates.org 



PROPERTY MANAGEMENT STRATEGIES

At Central Estates Zambia, we know from experience that the ultimate goal for many property investors is to retire comfortably, supported by a successiful portfolio of rental properties. These may include commercial buildings, industrial properties, Office Parks, Shopping Malls, Condos, stand alone Residential Housing Units, Town Houses, Apartments/Flats and sometimes Country Shopping Centres.

We shall work with you to help you plan, select and purchase the right assets to match your individual/company strategy.  We also walk you through the process of adding value to your assets through renovations or re-development so that your properties are more profitable.

We aim to ensure that we help you implement a property management strategy that is right for you. This include having right tenants, right price (rent), right maintenance programmes and right relations with all stakeholders.

Common Mistakes Made by Property Investors

Many property investors rush into the investment process focusing solely on ways to save money where they can. This short-sighted approach leads to greater costs in the long term through:

• Extended vacancy periods.
• Poorly promoted advertsements.
• Damage to property.
• Missed value addition opportunities.

Guided by their desire to get cash quickly, many property investors will usually choose one of the following property investment methods:

• Manage their property on their own, even with no experience.
• Hire the first property manager they speak to.
• Select the cheapest property manager they can find.
• Use a relative to collect the rent.

In most cases, all the above strategies have proved to lead to poor management of properties, thereby resulting into low returns.

Selecting the Right Property Manager

When selecting a property manager, take time to find a well experience manager so that your properties are managed professionally. Otherwise you will loose money through poor management practices such as:

• Rent priced above market value, leading to extended vacancy periods.
• High tenant turnover.
• Rent priced under market value, thereby losing income.
• Poorly screened tenants.
• Rental arrears.
• Damagesto the property.
• Non-compliance with legal obligations.

Benefits of Hring a Professional Property Manager

A good property manager will proactively manage and review your property portfolio, and will recommend areas of improvement that will benefit you and your tenants.

The professional property manager will use his expertise to help you:

• Make money by negotiating the best market rent.
• Rent the property quickly using their marketing skills.
• Manage the property and tenants well.

Management Strategies

The following strategies will help you realise the best out of your property investment:

• Selecting a professional property manager who has extensive knowledge of the local property market.
• Hire a property manager who is approachable, honest and knowledgeable.
• Avoid hiring relatives and friends offering cheap prices.
• Hire a registered property manager.

Ask the prospective property manager such qustions as follows to satisfy yourself with their professionalism:

• How long have you been in the real estate industry?
• How often do you provide your clients with progress reports?
• Will you manage the property directly or through an agent?
• What is your strategy for chasing up rental arrears?
• How do you go about finding the most competitive contractors to work on the property?
• How many properties do you personally manage?
• If you were a Landlord, would you pay for the services you provide and why?
• What methods do you use in selecting good tenants?

Why Choose Central Estates as Your Property Manager

Today's property market is a far more sophisticated one, and the days of property managers simply collecting rent and handling repairs are gone.

At Central Estates Zambia, we have moved on with the times. Apart from collecting rent and hanling repairs for your property, we offer a wide range of other services to ensure you get the maximum benefit from your property investment.

Our services include:

• Rental collections and management.
• Property repair and maintenance.
• Strategic property investment advice.
• Property structure and finance strategy advice.
• Tailored propery management solutions.
• Rent reviews.
• Lease renewals.
• Value addition renovations and project management.
• Portfolio review in line with market conditions.
• Vacant property management.
• Risk protection, insurance planning and taxation advice.

The above services will be offered to you at no extra cost if you retain us to manage your property. This makes us unique, but also competitive.

Additionally, we are a professional company with well qualified and experienced staff. With us, your property portfolio is safe, and a good return on your investment is assured.You will be able to concentrate on your core business knowing fully well that your property is in the hands of the right property manager.

For your property management advice, contact us. Email: info@centralestates.org

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LATEST NEWS

Tenants in Houses managed by Central Estates can now get up to 30 Shrubs, 100 Flowers and 10 Kg of Lawn Grass per year free of charge from Central Estates Gardens. These can be collected at once or in bits.

This is to ensure properties managed by Central Estates remain green and beautiful; and to the satisfaction of both Tenants and Landlords.

Our aim is to maintain all properties we manage in the best posible condition, with green and friendly suroundings. The kind of environment where everyone would enjoy being at home, and refreshing to the mind.

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Let us manage your property and leave worries and headeches of chasing tenants behind. With Central Estates, your Property is in safe hands, and you are assured of extra care and best returns on the market.

Our financial stability and respect for contractual obligations makes us unique. A contributing factor to having a good number of Landlords based outside the country.

We have had no disputes with landlords or tenants since inception. A rare factor in the real estate industry.

Because we keep your property in good shape, we attract best tenants and the best rates on the market.

GUARANTEE SCHEME

Central Estates offers a guarantee scheme for Landlords of residential Units. When you sign-up for the scheme, the Rent is Paid to you monthly on an agreed date whether or not the Tenant has paid. This gives you assurance of the the money at an agreed date. 

If you are a retiree, or you rely on rent for one reason or another, the Guarantee Scheme is perfect for you. Contact us for details.

COMMISSION

At Central Estates, we charge 10% Commission only for managing your property. 

FACILITIES MANAGEMENT

Zambia has one of the fastest growing economies in Southern Africa. This has attracted a lot of international Investors and Property Developers on the Market. As a result, there is great competition in attracting quality clients. In order to survive this competition, Companies need to maintain higher standards.

With Central Estates management approach, your building shall always remain in a condition attractive to clients. Our Facilities Management Package include Cleaning Services, Gardening Services, General Maintenance Services, Electrical Systems Maintenance Services, Plumbing Services, and Cleaning Materials Supply Services.

Contact us for more information about Facilities Management Services in Livingstone, Lusaka, Kabwe, Ndola, Luanshya and Kitwe.

PROJECT MANAGEMENT AND MONITORING SERVICES 

Central Estates Zambia has a Team of trusted specialists in managing and monitoring construction and other projects in Zambia and other Southern African Countries.

If you are buildning a House, Shop, Office Building, Farm House or any other construction projects that require prudent management of resources, we are here to help you. With Central Estates on thje ground, all materials will be well accounted for.

Our Project Management and Monitoring Services include General Supervision of Contractor activities, Materials Management, Monitoring Progress and use of Materials, and Warehouse Management.

Pilferage, Theft, Carelessness and Misuse of Materials are some of the main reasons why most projects are not completed on time. Wth Central Estates Monitoring or Managing your Project Resources, you are assured of Control and Accountability.

 VACANT PROPERTY SERVICES

At Central Estates Zambia, we offer Property Management and Protection Services for vacant properties in both Urban and Remote areas of Zambia.

Our Services include Monitoring Services, Clearing Services, Cleaning Services, Guarding Services, General Maintenance Services, Property Inspection Services, Insurance Administration Services and Lease Administration Services.

The type of empty properties we are currently managing include Vacant Commercial Buildings, Vacant Farm Land, Vacant Plots, Vacant Houses (Residential Units) and Semi Developed Properties.

Empty Property Management Services protect the vacant property against Unauthorised Access, Arson, Theft, Squatting, Occupation as well as Vandalism.

Giving your vacant property to Central Estates Zambia will provide you with a Peace of Mind that your empty property is safe and secure, and that its value will be retained.

When it comes to Empty Property Management, trust Central Estates Zambia for the best service you deserve. We shall provide a solution suitable for your budget and need.

WITHHOLDING TAX PAYMENTS

Let us take care of your Withholding Tax obligations. This is more so if you are in the Diaspora and your Tenants in Zambia are defaulting on your Tax Obligations; Central Estates will ensure all Tenants pay all statutory obligations.

For more information, contact us.

Central Estates, Kabelenga Road, P. O. Box 36196, Lusaka Zambia. Email: info@centralestates.org or call: +260 95045154