enbloc outsources third-party property management to local professionals. The property management companies that enbloc connects with are responsible for renting the property, collecting rental income, and maintaining or repairing the property.
Costs associated with property management and maintenance are taken out of the rental income paid to holders. By outsourcing to the Property Management Company, It helps us create a real estate platform that is more decentralized, frees up more of our time to focus on developing the ecosystem to serve our customers better.
However, we continuously monitor all aspects of the properties, from rent and rental rates to physical conditions, renovations, code compliance, and even landscaping improvements when strategic.