Commercial property management
Technical and operational management of property, cost and work planning, coordination of tenants' needs and transparent property use.
Submit a property ↗BALVORA GROUP / Property management
Services
Commercial property management, leasing and development
Management and daily operations for commercial properties, student accommodation, hotels, hostels and other buildings. We also assess long-term leasing, profitability improvements and potential investment partnership models.
Core services
Four property partnership models
We determine a suitable operating model for each property based on its use, technical condition, economic indicators and the interests of both parties.
Management of hotels, hostels and student accommodation
Assessment of management, operations, occupancy and maintenance solutions tailored to the particular accommodation building.
Discuss an operator model ↗Long-term leasing and takeover
We consider owners' proposals to lease a property long term or transfer it for operational management. Financial and legal terms are assessed individually.
Offer a property ↗Development and improved profitability
We assess the property's economic potential, possible renovations, changes in operations, direct investment or external funding. Profit and investment are not guaranteed.
Request an assessment ↗Service areas
Technical maintenance
Organising building inspections, maintenance of engineering systems and necessary upkeep.
Repairs and renovation
Planning work, assessing estimates, coordinating approvals and monitoring implementation.
Grounds maintenance
Organising cleaning of common areas, maintenance of surrounding grounds and seasonal work.
Financial management
Budgets, reserve planning, payment administration and reporting.
Owners' meetings
Organising decisions, surveys, information exchange and documentation.
Legal support
Coordinating contracts and legal matters relating to building management.
The scope, costs and responsibilities for specific services are agreed in a contract.
Service details
What do the proposed solutions include?
This is an overview of service areas. Actual obligations, frequency of work, subcontracted services and prices for each building or property are determined by an individual contract.
Monitoring the condition of the building
It is important to identify maintenance needs in building structures, common areas and engineering systems in good time. Under the agreement, the manager's tasks may include arranging inspections, setting priorities, coordinating repairs and engaging appropriate specialists.
- Organising assessment of the building and shared equipment condition.
- Coordinating heating, electrical, water-supply and sewage maintenance.
- Organising preparation and follow-up of technical work plans.
A clean and orderly environment
Day-to-day property management goes beyond technical systems. Depending on the property, it may include organising cleaning of common areas and grounds, seasonal work, window and facade cleaning, as well as pest and rodent control.
- Agreeing on the scope and frequency of cleaning.
- Engaging separate maintenance providers.
- Quality control within the contracted scope.
Work with clear priorities
Planned repairs and renewal help reduce technical risks and preserve property value. The offer can cover repair plans, cost estimates, schedules, required approvals and the division of responsibilities among project participants.
- Preliminary assessment of repair needs and costs.
- Organising comparisons of supplier offers and estimates.
- Coordinating work in line with owners' decisions.
Transparent calculations and reports
Property management requires a clear budget and payment arrangements. Depending on the cooperation model, we can review how the management fee is calculated, reserve-fund planning, expense accounting, invoice administration and reporting.
- Coordinating annual income and expenditure planning.
- Organising payments to service providers.
- Providing information on reserves and funds used.
Owner participation and documentation
Decisions of apartment owners' communities determine important issues concerning building management. Meetings, surveys, documentation of decisions, communication about completed work and management of building records can be organised.
- Organisational support for meetings and surveys.
- Coordination of implementation of decisions.
- Agreement on communication and record-keeping procedures.
From documents to development plans
Property management raises questions about contracts, payment obligations, construction plans and financing. Depending on the expertise, task and particular agreement, legal, technical or project-management support may be engaged.
- Review of contracts and management documents.
- Assessment of legal measures for overdue payments.
- Preliminary assessment of renovation and co-financing opportunities.
Financial conditions
How is the management fee calculated?
There is no single rate suitable for every property. An offer must consider building area and technical condition, regular work, required service intensity, the manager's responsibilities and measures approved by the owners.
Regular costs
Regular management and maintenance activities, whose scope, calculation and payment terms are set out in the contract and related documents.
Separate or additional work
Renovation, unexpected repairs, specialist inspections and other work outside the regular service are agreed in accordance with the contract, law and owners' decisions.
This page does not set any service price and does not promise 24-hour emergency cover or specific specialist qualifications without a corresponding agreement and actual service confirmation.
Practical information
Frequently asked questions
Do you offer a fixed monthly fee?
If the scope of regular work can be defined, a monthly fee can be agreed in the contract. The calculation of extra work and external services is agreed separately.
Do you perform repairs yourselves?
Depending on the work, qualified contractors may be engaged. Regulated construction, design supervision or construction supervision functions are performed only by people entitled to provide them.
Can we request support for just one renovation project?
This can be discussed. The appropriate cooperation model depends on the project's stage, scope, division of responsibilities and applicable legal requirements.
How can I get an individual offer?
Complete the request form or write to info@balvoragroup.lv, stating the property's address, approximate area and main requirements.