best valuation and advisory services

by samson | Apr 24, 2023 | Valuation

We undertake property valuation and advisory assignments ranging from; Mortgage, Insurance, Rental Valuation Assessments, Compulsory Land Acquisition, Rating, Bond Valuations, Plant & Machinery Valuations and Loose Assets valuations.  We also offer Property Management and Estate Agency services which include but not limited to Purchase, Sale, Letting, Rent collection and Quotation for Repair & Maintenance.

We provide real estate valuation, appraisal and consultancy on a wide range of situations including the following property types:

• Commercial – offices, shops and showrooms.
• Industrial – factory warehouses and go down.
• Development Sites.
• Petrol Service Stations.
• Hotels and Resorts.
• Stock and Shares.
• Going Concern – Business.
• Equipment, plant and machinery.
• Loose Assets- furniture &fittings.
• Special properties (Education, Medical and Sport Facilities, and Worship Centers)

The need for property valuation and consultancy can be diversified and our licensed valuers have expertise in preparing valuation reports for the following purposes:

• Pre-Purchase and Pre-Sale.
• Mortgage Purpose – residential, commercial and industrial.
• Rental Assessment Valuations.
• Balance Sheet Asset Valuation.
• Insurance Valuations.
• Compensation for compulsory acquisition by the National Land Commission
• Rating for Counties
• Portfolio valuations.
• Way leaves and easements.
• Litigation and Court Expert Witness.

Valuation and advisory work plan

At Georole Ltd, our professionals will keep you updated through the entire valuation process.

• Client meeting: Initial consultation and discussions ensure we have a detailed understanding of client valuation objectives.
• Due diligence: An evaluation is conducted and an efficient valuation rational is established.
• Property inspection and data collection: This entails conducting site visit, Property Inspection & the Data Collection Process. The finalized report is printed, bound, signed and sealed by a director. This is then submitted to the client
• Data analysis and valuation: At this stage, the collected data is analyzed, value computation is carried out and draft valuation report prepared. The draft report is shared with the client for review Defined by Expertise in Real Estate.
• Submission of report and valuation: The finalized report is printed, bound, signed and sealed by a director. This is then submitted to the client.

best property and estate agency

by samson | Apr 24, 2023 | Valuation

We have vast experience in property and estate agency which entails selling and leasing all kinds of property i.e. commercial, industrial, residential and agricultural property. The Directors are registered and licensed by the Estate Agents Registration Board to practice professional estate agency. Our staffs also have extensive experience in securing statutory approvals from the local authorities and other government bodies such as National Environment Management Authority (NEMA). In consultation with other lead experts we have developed capacity to offer Environmental Impact Assessment (EIA) and Environmental Audit (EA) services. This experience has made us resourceful for clients who require necessary statutory approvals to develop leased or purchased property. Our highly trained and experienced staffs also provide facilities management services to ensure proper maintenance and functionality building systems, equipment and fittings.

As Managing and Estate Agents we offer the following services: –

A.    Property Letting

Marketing

We execute a marketing campaign and identify potential tenants to premises under our instructions through a vetting process that will guarantee only reliable persons are offered a lease.

Lease Negotiations

We negotiate, on behalf of property owners, with potential tenants and achieve rental terms that are suitable and beneficial to our clients’ requirements.  Thereafter we shall execute Letters of Offer on their behalf.

Upon signing of Letters of Offer we ensure that the tenants execute formal Leases.  This is done in consultation with the clients’ Advocates.  In so doing we peruse the Leases to further ensure that the documents place our clients in the best contractual position.

Handover/ Takeover of Premises

We prepare accurate Inventory Schedules for purposes of handing/ taking over of premises upon execution or determination of tenancy with the tenants.  In so doing we ensure that the conditions of the premises remain tenantable prior to occupation.  Should there be need for any fit – outs we also liaise with the Landlord together with the appointed Architects or Engineers to approve the same.

Rent Reviews, Lease Renewals and Re-Lettings

We will effect rent reviews, lease renewals and re-lettings as they fall due by maintaining renewal diaries and appropriate tenancy schedules.  We will also, prior to carrying out the reviews or re -lettings, advise you on the obtaining letting terms and conditions during the review by way of valuation or rental assessments or in simple market reports that will enable you be updated on the performance of your property.

B.    Property Management

As your property managers we provide the following services: –

Rent Collection

We effectively collect rent through direct deposits to our client’s collection account in the bank. With the M-pesa pay bill number, our clients have another flexible option to pay rent from any location using their phone. From our experience, we are able to remit the current month’s rent on or before the 10^th day of the month.

Repairs and Maintenance

We inspect properties and source for quotations from artisans. The same are forwarded to landlords for approval and thereafter procure materials and supervise repairs on their behalf. Receipts and repairs records/documents are kept in the landlord’s file to be used in preparation of annual accounts and tax returns by the clients.

Utility bills (Water and Electricity).

We monitor payment of utility bills by tenants through online checks of electricity accounts and bi-monthly check of accounts status with the water utility company.

Ground Rent and Rates

This is done on behalf of the clients, from their rent account as directed.

Insurance

We carry out insurance assessment and organize for the property to be adequately insured in consultations with the Landlord.  We also advise on the covers that we deem necessary such as Fire and Peril, Earthquake, Loss of Rent, and Public Liability.

Landlord and Tenant Relations

We adequately attend to issues raised by the tenants and keep the Landlord updated on the same.  We act as a bridge between the Landlord and the tenant.  Any loss or damage suffered by the property as a result of the tenant’s negligence is be captured and the tenant is compelled to have the same replaced at his/her cost.

Rental Assessment

We undertake rental assessment to establish rents that are feasible and cannot be a subject of contention in rent tribunals due to well researched and documented rent valuation Reports. It also helps a client charge optimum rents and safeguard good returns.

Quarterly & Annual Reports:

These are prepared by the heads of the property Management departments, summarizing the rent collection       performance, Market performance and prospects for rent review, report on periodic and routine maintenance, among other relevant information.

C.    Sale of Property

Should you wish to dispose of or acquire property, we will provide you with the following, subject to agreement: –

• Advise on the market value for sale purposes;
• Propose a suitable marketing strategy;
• Execute the marketing by way of advertising, showing of property to potential buyers, receiving offers and communicating these to the seller;
• Once an acceptable offer has been agreed upon, we prepare the letter of offer and collect the initial deposit;
• On the basis of deposit received and the signed letter of offer, we communicate with your Advocates for the preparation of the sale agreement to be executed by the vendor and purchaser.