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Low Service Charges Enhance a Rental Property's Appeal.

More and more often, low rents and service charges play a key role in tenants' decision for or against a given flat. We want residents to feel at home in our residential units for a long, long time. That is why our highly dedicated professional management ensures that the operating costs of our properties remain as low as possible. As a result, we can offer attractive accommodation at reasonable rents – while the low churn rate in our rented properties reflects the high level of contentment among our tenants.

Proven Procedures for Cutting Ancillary Rental Costs

Close cooperation with the managers of our properties, and comprehensive up-to-date analyses of the energy market enable us to deliver continuous cost savings. Our measures toward this end include the following:

  • We regularly take measures to optimise the energy-efficiency, including e. g. the replacement of heating systems, windows, façades and sanitary equipment
  • Contracts with utility companies are periodically reviewed and renegotiated as needed. These include above all the master agreements for gas, heating oil, district heating and power. We also regularly review, compare and – if necessary – terminate and reassign agreements for janitorial, maintenance and cleaning services.
  • Another effective instrument for lowering operating costs is called benchmarking: Using a comparative analysis that references other properties and matching the federal or state-level operating cost tables with the operating costs of a given property, we quickly identify cost drivers and replace them with more affordable providers.
  • Maintaining a regular dialogue with our property managers represents a key elements in our quality management, and ensures that our measures are implemented on the ground.