Demand for housing is changing. The obstacles in terms of accessing financing to buy and the new, much more demanding housing needs created by the sanitary crisis, made both rental and new housing as the most in demand option when it comes to buying a house. Aware of this new trend, Solvia decided to expand its services and boost its Build to Rent line of business.
«The real estate sector is changing. New rental demand is now seeking higher quality dwellings, with common areas and common services, and managed efficiently by its owners. At Solvia we benefit from a long trajectory in managing rentals and we will boost this service focused on the Build to Rent segment offering our experience in managing rented assets», said Gregorio Martín-Montalvo, Solvia’s general manager.
The real estate services company has experience in managing this type of rental asset portfolios, with a specific specialised unit and with more than 22.000 assets under management and more than 80 million euro in rents issued during 2019.
During the Build to Rent boom, a series of market players came together, from developers and construction companies, to investment funds and REITs. By using this service, Solvia seeks to consolidate its positioning as a partner trusted by all of those market players, covering their operational and reputational needs and meeting the final users’ demand.
Thus, the company will manage the entire life-cycle of these assets: onboarding and migration process (preparing the necessary information and documentation, data migration, etc), asset management (planification in order to optimise the assets’ performance, document analysis, registration and legal verification, definition of maintenance and asset adjustment policies, etc), marketing (fixing the price, publishing and disseminating assets’ information and commercial support) and rental management (formalisation, renewal and termination of contracts, rental updates, issuance of receipts and invoices, customer support and issue resolution, and asset maintenance and management).