Property management and Investment management in Ireland are two very different professions
Spire Capital assists investors with all of the administrative, financial, capital and operations of an assigned portfolio. Our network of Property management partners are focused more on the day to day operational activities such as physical maintenance, repairs and renovations, rent collection, payment of expenses.
Foreign clients often ask: “Why do I need an asset manager? ” or “Why do I need to use a company structure to invest?”, the short answer is “”asset managers are better positioned and more experienced at making investments grow than their clients”.
Property management and Investment management are two very different professions.
Property management concentrates on the day-to-day operations of a property. People who work at specific properties are typically fulfilling property management responsibilities. A property manager maintains the value of a property. Property management includes, but is not limited to:
- Maintenance of the property and facilities
- Renting dwellings, sites, rooms, etc.
- Collecting rent and other charges
- Working with staff and contractors
- Dealing with resident, tenant and guest issues
- Enforcing rules, regulations, covenants, guidelines
- Risk management
Investment management is centred on financial matters; maximizing the return on investment and value of property. They are adept at streamlining operations and repositioning a property to reduce costs and increase income.
Investment managers understand real estate as an investment. Investment management tasks include:
- Prepare long term financial forecasts and perform cash flow analysis and compute internal rate of return in order to determine a property’s financial performance.
- Perform due diligence for acquisition or disposition of property and provide recommendations.
- Determine value of a property and what can be done to increase the value.
- Find and work with lenders.
- Negotiate on behalf of the owner
- Market an asset to increase revenue.
Frequently asked Questions to Investment Managers
1. Why do I need an Irish company to invest through?
there are many equally important reasons/benefits for using a company which include:
- Tax optimisation
- Access to mortgages
- Legally protection for owner
- Investor Privacy/Confidentiality
- Estate planning
- Investment management
Spire Capital establishes and manages investment companies (Propco’s) in Ireland on behalf of its foreign based investors.
2.How can I control the bank account of the company?
Investors have 24/7 online viewing access to the company’s bank account to check the rental income and expenses. As managing directors of the PropCo, Spire Capital will be restricted to only manage the monthly cashflows and banking activities on behalf of the investors as per the pre-agreed Investment management agreement.
3.How often should I come to Ireland?
When Investors initially come to Ireland, Spire capital will assist them to set-up a company and open a company bank account. During this initial visit, Spire Capital will arrange some investment opportunities for review. Once a property has been acquired, Investors will receive regular updates and depending on the size of their investment they would typically visit Ireland once per year for the initial couple of years and once they are satisfied that the investment is meeting their expectations they will usually visit less frequently.
Spire Capital prides itself on a rigorous process of due diligence before selecting an investment into one of our portfolios. This allows us to make successful investment decisions about the ongoing management, rental, and resale of investments
If you are thinking of investing in property as a source of alternative income,
why not contact us today to discuss your requirements in more detail?
Phone: +353 86 325 0048 I Email: email@example.com
Prices from: €350,000
Rental yields: 5% – 7%
A stunning and truly unique development with remarkable views over Grand Canal Dock towards the Aviva stadium and beyond. Grand Canal Dock is one of Dublin’s most fashionable urban quarters, with a variety of neighbourhood bars, bistros, cafes and restaurants clustered around the historic city dock.
Prices from: €280,000 €
Rental yields: 6% – 8%
Ideally situated in the heart of Dublin’s financial district with a range of bars, bistros, cafes, restaurants, hotels and the National College of Ireland literally on the doorstep, while the Samuel Beckett Bridge allows a five minute walk to Grand