5 Common Pain Points of Kenyan Property Managers and how to solve them
Kenya's real estate market stands out as a major driver of the country's GDP, attracting investment due to its impressive returns, inflation hedge potential, and overall stability. Nonetheless, the industry is bundled with challenges that have barred or discouraged various individuals from investing in it.
To navigate this competitive market, it's crucial to understand common pain points faced by both buyers and sellers. Let’s delve into the pain points:
- Information Gaps: Many clients struggle with unclear information, making it difficult to understand fair market value and decipher complex contracts.
- Communication Delays: Untimely responses from real estate professionals can cause frustration, especially when clients face tight deadlines for crucial decisions.
- Pressured Decisions: Real estate transactions involve significant choices. Clients may feel pressured to rush into decisions outside their comfort zone if not properly guided by their professional expertise.
- Expectation vs. Reality: Unrealistic expectations, often fueled by media portrayals, can lead to disappointment and frustration when encountering the true market conditions.
- Knowledge Deficit: First-time buyers and sellers often lack the knowledge to navigate the complexities of real estate transactions, potentially causing delays, errors, and confusion.
So, what can we do to smooth over these issues and more? Here are three ways to cover these five pain points.
- Prioritize Communication: Ensure timely responses, acknowledge delays with explanations, and provide clear information to enhance transparency and responsiveness. With a good property management system, communication issues are a thing of the past. You can communicate through bulk SMS, Emails and WhatsApp on primeForce hence leaving no communication gaps and having a communication trail for reference.
- Manage Expectations: Discuss the realities of the market and client goals collaboratively to set realistic expectations and tailor the process to their needs. This will improve client satisfaction.
- Empower with Knowledge: Educate clients on the real estate process using clear explanations, resources like handouts and FAQs, and expert guidance. Remember, your network of partners can answer specific questions beyond your scope.
By following these steps, you can create a smoother and more positive experience for your clients.