Real estate consultancy, Cluttons has launched its Buy to Let Management Service in Bahrain.
The service targets individual investors with rental properties offered in a one-stop-shop, handling entire leasing and management services based on the specific needs of hands-off landlords.
The Buy to Let Management Service team handles individual properties for a fixed price, and includes activities such as leasing, contract renewal processing, collection of rent and service charges, a 24-hour emergency line for tenants, arrangement of repairs and maintenance, as well as regular property visits and inspections.
Cluttons has appointed Devolta Stroup as the property manager for the Buy to Let service line.
With Harry Goodson-Wickes, head of Cluttons Bahrain and Saudi Arabia, said: “Today, the world of property is changing rapidly and if we want to succeed in helping our clients, we need to embrace changing market dynamics.
“Our business has grown in Bahrain and we want to expand the service we can offer our clients. One of the latest instructions was Reef Tower in Amwaj, where Cluttons was selected as the sole leasing agent and we have been successful in leasing all units in five months. Through active management, the tower continues to retain 100% occupancy.”
Cluttons sees increased demand for tailored landlord services in Bahrain, especially with the market set for growth as supply of free hold properties continues to increase in the Kingdom.