The Real Estate Company will comprise the three entities required to make ZIQUR successful, including the Real Estate team, the Estate Management team, and the Repair & Maintenance team, who will all work together at the same offices.
The ZIQUR Real Estate Workforce
ZIQUR Real Estate
Create
Establish a real estate company to purchase, market, rent and sell real estate for the ZIQUR crowdfunding platform and new ZIQUR property developments.
Analysis
The Real Estate arm will be responsible for the initial research and analysis of potential markets along with real estate investments to present to senior management.
Negotiate
Negotiation of pricing for both purchasing and selling to get the best deal possible, which benefits both the Company and its investors.
Information
Gather data on recently rented comparable properties in the area and to determine optimal rental rates to charge for ZIQUR rental properties.
Screening
Responsibility will also consist of the tenant screening process, such as verifying income, running background checks with credit, employment, rental history criminal lists, and pet information.
Invest
The team will convince tenants to increase their shares in the property they are renting from ZIQUR as much as possible so as to ensure the tenants protect the investment as well.
Purchasing
When purchasing real estate from sellers, the team will act as brand ambassadors, attempting to hold some of the seller’s purchase price as shares of the property rather than an all-cash sale.
Teamwork
The Real Estate team will work from the same offices and hand-in-hand with the Estate Management and Repair & Maintenance teams.
Real Estate Company Advantages
Profit
By having the Real Estate company, ZIQUR keeps more profits in-house without having to pay commissions to outside agencies for the sales and purchases of real estate.
Safety
Relying on an in-house Real Estate team reduces the chances of being coerced into purchases due to commissions being higher or hidden incentives on certain properties.
Transparency
Having an internal Real Estate team provides more transparency in all transactions, which is necessary for the image of the company to its customers and investors.
Purchasing
As ZIQUR will offer customers the ability to sell their homes into our investment inventory, the team will work to achieve the lowest price on the purchase, whereas an outside firm is incentivized by the highest price.
Spend
Marketing costs are verified and controlled by the Company, thereby eliminating illicit and extravagant spend, which is common and integrated into budgets amongst third party agents.
Retention
ZIQUR RE agents have the opportunity to cross-train on renting / selling new development and resale properties, delivering more opportunities and creating an environment for higher employee retention.
ZIQUR will create the ability for everyone to invest in premium real estate in Southeast Asia from only USD $100, while ZIQUR Real Estate handles everything on the investor’s behalf.
ZIQUR Estate Management
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The Estate Management team is responsible for the day-to-day operations of the rental properties and act as the liaisons between the Company and the tenants.
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Stays abreast of local laws and regulations regarding property and landlords-tenants to ensure the Company is abiding by and in compliance with fair housing laws.
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They provide financial reporting, make required payments, maintain records, provide annual reporting structured for tax purposes, and deliver monthly cash-flow statements.
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Responding to tenant requests and complaints, dealing with tenant after-hours emergencies, rent collection, handling late payments and evictions will be handled by the Estate Management team.
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Additional services provided include conducting periodic property inspections, maintenance advisement, seasonal preparations, appliance repair / replacement requests, and preventing code violations.
Benefits of Estate Management
Costs
Keeps the profits within the Company rather than having to outsource the day-to-day operations, as labor costs in Southeast Asia are much lower than in Western countries, permitting in-house teams at a lower cost.
Service
The in-house Estate Management team will be able to work hard to ensure that the quality of service for its tenants is up to ZIQUR's high standards, while also having efficient and effective control over the properties.
Tenants
The Estate Management teams will be in the same offices as the Real Estate teams, providing approved property rental applicants availability before the current tenants vacate their existing properties.
Responsibility
Rent collection and handling delinquencies are a responsibility that the Estate Management team will have an easier job on in-house than through outsourcing it due to their ability to deal with issues faster.
In-House
By having Estate Maintenance in-house, ZIQUR has the ability to recruit new employees or reassign staff to other locations when needed, rather than relying on an outsourced third party who places profits over quality.
Capabilities
The reporting capabilities of an in-house team tend to be more specific, less voluminous, and employees are incentivized to accurately report issues with meaningful, statistically valid reports.
“Having been in executive management for an International Property Developer, as well as having owned my own Real Estate Brokerage, I will always choose in-house teams to save money and preserve quality in Asia.” – Dan Simmons
ZIQUR Repair & Maintenance
Repair & Maintenance Advantages
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Having an in-house maintenance team reduces pricing and creates volume-based discounts from vendors, keeping costs down for both the both the company and its clients.
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Provides a cross-check system for approved repairs to ensure that the repairs are necessary as well as determining the responsibility of costs.
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Work can be done quicker than hiring outside agencies as our team will only be working on our properties.
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Avoids outsourced companies from purposely damaging items or increasing the time utilized in order to further mark up their bills.
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Keeps the properties safe to prevent issues that could cause harm or lawsuits.
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Stops large scale repairs from being performed at the request of tenants.
Sound Interesting?
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Delivering the ability for everyone to invest in real estate.
Secure your future with ZIQUR!
Careers
Interested in joining a group of fellow entrepreneurs who want to bring equality to Southeast Asia? ZIQUR is recruiting:
• Chief Information Security Officer
• Chief Legal Officer
• Chief Marketing Officer
• Chief Technology Officer
Contact Us
189/41 Moo 8, T.Bangkaew, A.BangphliSamut Prakan 10540, Thailand
P: +66.87.282.1110
E: [email protected]
W: ZIQUR.com