Property Management services
Groupe SMIR manages over 650 properties and offers comprehensive property management services in Monaco, combining in-depth legal, technical, and accounting expertise to ensure complete peace of mind for its clients.
Administrative Management
- Lease Agreements: Preparation and modification of tenancy contracts.
- Rent Management: Issuance of rent and co-ownership fee invoices, collection of payments, application of rent adjustments per relevant indices, and settlement of co-ownership expenses.
- Financial Reporting: Provision of detailed management reports for property owners.
- Payment Monitoring: Tracking rent due dates and issuing reminders or formal notices as necessary.
- Tax Compliance: Handling tax-related formalities and payments.
- Insurance Claims: Management of insurance-covered damages.
- Co-ownership Liaison: Engagement with co-owners’ associations, including attendance at meetings.
- Utility Coordination: Management of contracts for utilities such as electricity, gas, and telecommunications.
Co-Ownership Management
- Support Services: Operation of a dedicated call center for co-owners.
- Meeting Facilitation: Organization and facilitation of co-owner meetings.
- Property Inspections: Regular site visits to assess maintenance, cleanliness, and functionality of facilities.
- Issue Resolution: Prompt response to any malfunctions or anomalies.
- Vendor Management: Solicitation of quotes, supervision of work quality, and verification of invoiced amounts.
- Maintenance Oversight: Coordination of cleaning, repairs, and renovations for communal and, upon request, private areas.
- Financial Management: Timely preparation of final accounts and future management estimates.
- Insurance Coordination: Handling of damage declarations, collaboration with insurance adjusters, and supervision of necessary repairs.
- Administrative Duties: Payment of suppliers, maintenance of general accounts, and preparation of management reports.
- Contract Negotiation: Negotiation of supplier contracts and payment processing.
- Cost Optimization: Assessment of feasibility studies to optimize expenses related to utilities, cleaning, consumables, staff, and maintenance.
- Regulatory Compliance: Completion of all required formalities with relevant administrative bodies and authorities.