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JN Properties Encourages Jamaicans Overseas to Hire Property Managers for Real Estate Investments
JN Properties’ General Manager, Lieutenant Colonel (Retired) Garfield Sean Prendergast, is urging Jamaicans living overseas who are interested in taking advantage of the current real estate boom in Jamaica to consider hiring a property management company to protect their investment.
Property management companies play a crucial role in overseeing residential, commercial, or industrial real estate. They handle the ongoing maintenance, security, and upkeep of properties, working with owners to preserve and enhance the value of their investments while generating revenue.
JN Properties is a licensed and registered entity with the Real Estate Board of Jamaica, offering a range of services including real estate purchases/sales, rentals/leases, and property management.
Lt Col (r) Prendergast highlighted the benefits of engaging property managers, emphasizing that it saves Jamaicans overseas the hassle of multiple trips to Jamaica and other challenges that may arise from overseeing their investments.
Speaking at the JN Properties Webinar titled, Jamaica Property Boom: Innovations, Regulations, and Opportunities, Lt Col (r) Prendergast stressed the importance of having professionals manage projects, whether they involve new construction or renovations.
He explained, “Engaging a property manager, such as JN Properties, would take much of the risk away and ensure that services and projects are done on time and within budget.”
Earl Samuels, Assistant General Manager and Chief Development Financing Officer of The Jamaica National Group, advised individuals looking to invest in real estate to engage competent professionals to avoid challenges. He emphasized the importance of having all permits in place before commencing construction projects to mitigate risks and ensure smooth project timelines.
Samuels also highlighted the potential delays that can arise in construction projects, especially due to supply chain issues caused by the pandemic. He recommended having an independent project manager to navigate such challenges effectively.
In conclusion, Lt Col (r) Prendergast and Samuels reiterated the value of hiring property managers like JN Properties to handle real estate investments for Jamaicans living overseas, ensuring a stress-free experience and optimal returns on their investments.