Who manages the property?
Each property will have an assigned facility manager. All facility managers are RERA-approved and reviewed by SmartCrowd.
The investment vehicle will enter into a management agreement via SmartCrowd in its capacity as the administrator of the investment vehicle, which will assign property management to the selected facility manager.
Facility management fees are covered in the annual fees charged by SmartCrowd. These charges that include advertising, managing the property, collecting rents, managing tenants and works with RERA for any issues. This charge excludes VAT, legal expenses and certain costs, such as standard maintenance charges and any repair and maintenance expenses.