LANDEX PROPERTY GROUP LTD http://anza.co.ke/media/listings/photos/thumbnail/300x160s/c3/04/83/_img-20130215-105217-1366048357.jpg

LANDEX Property Group (Formerly PATISA Properties) is a fully professional real estate services firm based in Karen, Nairobi.
Formed in 2007, Landex Property acquires real estate based upon its profit-making potential. At the present time the group's portfolio includes small apartment buildings, mixed use buildings and one to three family homes.
The managing partners have over 10 years of combined real estate investment and management experience and have collectively completed more than 2.0 million dollars’ worth of urban real estate transactions. Landex was formed to pursue an urban investment strategy that seeks to add value by leveraging local economic anchors to further stimulate and rejuvenate areas with upside potential.
We specialize in the following professional areas and services:
I) Property Valuation
II) Property Management
III) Estate Agency, Commercial, Industrial and Residential
V) Property Development Feasibility Studies
VI) Property Consultancy
As an urban property manager of residential, mixed use and retail properties, we have successfully been able to provide investors with above average returns due to our keen insight of the Kenyan markets. Landex applies its knowledge of the market and neighborhood trends to identify and market real estate in areas that have substantial upside appreciation potential post acquisition and development.
We are committed to providing fully professional and high value services, superior client service and an unwavering dedication to the satisfaction of our clients. We are strategically structured and positioned to render such professional services, in rapidly developing markets and fields, to the client's benefit, satisfaction and convenience, and in line with proper and sound professional and business practices.
Proactively seeking to improve professionalism, quality, value, and service are our hallmarks. We also believe in a problem solving approach where this is needed, as part of our professional, service and operational standards.
We have long been an industry leader in meeting the growing needs for the professional services that we specialize in.
Our personnel have the necessary training and professional qualifications, including of a minimum of a BA Land Economics for the valuers and other professional staff, and variously and as required, membership and licensing in the professional, regulatory and licensing bodies of the Institution of Surveyors of Kenya, the Valuers Registration Board and the Estate Agents Registration Board.
The firm has a strong complement of accounting, administration and other technical staff.
We believe in:
• The highest professional and operational standards
• Serving with integrity
• Conducting ourselves and our business in an honest, ethical, and trustworthy manner
• Treating everyone with care, respect, and fairness
• Growing through innovation and creativity and by deploying the best industry practices, methods, procedures, systems and equipment
Our Mission:
To excel in the provision of professional real estate services and achieve the highest level of professional, operational and financial performance.
Our Vision:
• To be the leading and preferred firm of choice in our field in the provision of professional real estate services.
• To be the preferred employer attracting and deploying the best quality and calibre of personnel, professionalism, systems and procedures.

SCOPE OF SERVICES
Landex Property Real Estate Portfolio Management Services
Landex Property offers consulting services as a client’s real estate portfolio manager. When engaged as a client’s real estate portfolio manager, Landex’s initial focus is on developing a real estate portfolio strategy that would, in the most financial return maximizing manner, leverage a client’s equity (cash investment) to generate significant returns on cash invested.
Property Management
Landex maintains a permanent management team that manages the properties that are held in our portfolio. Moreover, Landex manages the construction and markets properties developed by our clients and negotiates the most favorable sales and purchase prices on real estate. Consequently, we are able to better control the costs and quality of execution of projects.
Acquisition and Sales
In addition to property management Landex also actively pursues the acquisition of undervalued properties on behalf of our clients by leveraging our extensive knowledge of urban development, as well as our proprietary analytical systems.
General Contracting
We do this for small to large scale development projects. We use our understanding of the real estate market in order to develop real estate portfolios for its investor partners that generate positive cash flow through both holding properties for rental revenue and making short term property purchases for returns on immediate use.
Cost Effectiveness
We are able to control cost and provide quality executions of our projects by keeping operating expenses low. We maintain a small permanent management team that manages the properties we hold, the construction on the properties we have been contracted to sale and negotiates the most favorable sales and purchase prices on real estate.


LANDEX INVESTMENT PERSPECTIVE
Landex Property Group Ltd believes the number; size and scope of the opportunities present in the urban real estate markets of Nairobi and its environs and among other urban centers within the country demand a more aggressive approach.
Our marketing approach is tailored to the small and mid-size investment properties that already dominate the urban landscape within the sprawling urban centers in Kenya. At its core is neighborhood transformation and a belief that the fundamentals are in place to extend and enhance the urban revitalization that has swept through parts of every major city in the country.
Large shortages of affordable housing and gaps in the availability of local services in many urban communities that have seen new housing development suggest ongoing opportunities for investors who can deliver a well-placed product. Concurrently, many revitalized communities are growing and the opportunity to extend the boundaries of newly fashionable urban neighborhoods suggests numerous opportunities for small highly focused developers.
All our clients are able to consult our specialists at any moment regarding the project supervision as well as the administration and maintenance of the property.
Buying/developing property is an excellent way to invest your capital. Why not enhance it?
Simply place your investment into the hands of a professional management company.
Landex Property Group Ltd has been managing properties for over 5 years and prides itself on managing properties under our stewardship so efficiently that our clients often experience an increase in property portfolio profitability that subsidizes the cost of our services.
Our goal as property managers is to manage our client’s properties to the extent that their only involvement with their property is to receive a rental revenue check and a monthly income statement each month. Unlike most property management firms, we charge no mark up on services charged by vendors that service properties under our management. Our customers are also able to take advantage of discounted pricing afforded to us as a volume buyer of property related services.
You decide, and we carry out all the work. We offer:
a. Comprehensive preparation of the investment for selling or renting
b. Property management and administration
c. Buying, renting and selling of commercial property on behalf
d. Buying, renting and selling of residential property on behalf
e. Market analyses
f. Financial analyses & Investment advice
g. Legal advice through our roll of expert partners
We manage:
a. Commercial properties
b. Residential properties
c. Apartments and flats
d. Original market projects
Our premium property management services are summarized as follows:
• Tenant Customer Service and Issue Resolution
• Leasing Units and Processing Evictions
• Property sales
• Property Maintenance and Improvements
• Bill Payment, Bookkeeping and Financial Reporting
Tenant Customer Service and Issue Resolution
There is a strong relationship between rental property profitability and the retention of responsible tenants. We minimize tenant turnover and its resulting leasing and vacancy expense by developing strong landlord tenant relationships based on expeditious response to tenant concerns and cheerful customer service.
Leasing Units and Processing Evictions
Our management fee is based on rental revenue actually received (not gross rent roll) so, we have a personal incentive to make sure your units are always rented at the highest rent the market will bear and that rent collection is aggressively pursued. We periodically conduct rental market analysis to ensure your units are always rented at or above market. We operate on a strict policy that rent is due on the 5th and eviction notices go out on the 15th of the month. This policy actually minimizes the necessity to carry the eviction process to its conclusion as tenants tend to prioritize the payment of their rent over other financial obligations once they understand how strictly we enforce our delinquent rent policies.
When it is necessary to completely follow through on an eviction action, we manage every step of the process, including hiring a lawyer to represent our clients in court. We take all necessary steps to ensure whenever a tenant is leaving due to either lease expiration or eviction that the unit is aggressively advertised to minimize lost revenue due to vacancy.
Bill Payment, Bookkeeping and Financial Reporting
At no extra cost, we will manage the paying of bills related to clients’ properties out of their rental revenue and provide our clients a monthly income statement detailing their properties’ performance for the month. These reports, along with profit checks, are sent out by the 10th day of each month, reflecting all previous month’s activities regarding the property on a cash basis.
We scrutinize bills for accuracy and handle the resolution of billing discrepancies. We also do an annual expense audit for our clients and look for ways to minimize expenses and where appropriate put services out for competitive bid. Our books are professionally kept and at year’s end we deliver a financial statement for the year to our clients’ tax filing needs.


Selling Property on behalf
We have adopted the ten point marketing strategy that will sell your property even before construction is complete:
1. We market 24 hours a day with a high visibility “For Sale” sign with our own direct phone numbers any time 7 days per week. When buyers call, they reach us directly. Because we know your property, we immediately use the opportunity to sell your property’s great features. We will promote and market your property so buyers are speaking directly to us when they call and not an office number or a phone that is directed immediately to a message bank.
2. We excite buyers About Your property. We emphasize the benefits of your home and community. Each brochure includes the kind of detailed, specific information buyers want and need. Not just a picture and 6 bullet points about how many bedrooms and bathrooms. We use the back of the brochure for our unique “4 ways to Finance This Beautiful Home” or more information to make the buyers want to see it NOW”!
3. We use the Professional Listing Information Binder. We produce an in home binder for the buyers to review. It has all the community information, schools, transport, shopping centers, medical, police station, fire brigade, neighborhood watch, etc. This makes the new buyer feel very comfortable knowing ahead of time what environment/Condition the property they are buying is in and what the surrounding community has to offer. That way you can get the maximum price for your property!
4. Aggressive Marketing for your property. Rather than just waiting for the phone to ring, we reach buyers with aggressive prospecting methods that can include the following activities….Letterbox dropping the immediate area…. target mailings….Calls….our buyers….as well as general open houses as necessary….marketing on the internet….window cards….advertising as discussed with you.
5. We determine the Right Price to make your property A “Hot Property”. This is the most critical step. We’ll review market demand, nearby competition, recent sales, and many other variables that can affect your property’s value. You will get a detailed look at what’s going on in your local property sales market and our input on the best pricing strategy to get you the most money in the shortest possible time. You need an expert in the real estate market. You need the kind of experienced reliable professional service we can offer along with the team in our office.
6. Make simple, low cost changes to increase the saleability of your property. Rely on us to be direct when advising you on what should be done prior to putting your property on the market. We will let you know how your property looks from a buyer’s point of view, and what cost effective repairs will make your property “show ready” by staging it properly!
7. We negotiate only with qualified buyers. We interview buyers to be sure they are ready, willing and able purchasers so you don’t wind up wasting time and money. Buyers need answers to countless technical questions – financing, payment, insurance, title clearance, and how to improve or repair the home to suit their needs. We supply them with our buyer’s booklet/brochure and as your Agent and along with our Finance Consultants we have the professional know-how and technical expertise to make it easy for qualified buyers to purchase your property.
8. We excite other Real Estate Agents about your property. We know which agents in our office have clients that will be interested in your property. We also conjunct on a 50/50 basis with any agents or agencies in the market so the agents in the area who may have a buyer so we are then also promoting your property through them! We will give your home the widest market exposure possible.
9. We will protect you by documenting all calls, letters and visits. We are organized and computerized, which means we can anticipate and handle all the details needing special care to successfully sell your property. Our careful record keeping means a smooth transaction with as much legal protection as possible for you.
10. We will let you know exactly what’s going on with buyer showings. We keep you up to date by phone calls and written feedback from the buyers. We follow up on all inspections with my feedback form and phone calls so you know what agents and buyers are thinking about your property and represent you at the presentation of all offers. Most importantly, we negotiate forcefully on your behalf to get you the highest best possible price, not try to make you take the first offer that comes to the table. Upon acceptance, we will coordinate with the buyers, inspectors, lenders, appraisers, solicitors and of course handle any complications that can occur at times throughout the process so that you get the most important thing of all… your settlement cheque on time!

Property Maintenance and Improvements
We hire contractors to perform all necessary property maintenance and make recommendations to clients on making improvements to the properties when we feel doing so will enable them to raise their rents and increase the return on their investment.
Property Management Fees
Our fees are based on a percentage a client’s gross rent roll or sales and are based on the scales as determined by the Real Estate Agents Act and where such are negotiable, they may not fall below the stipulated minimums per each category (residential or commercial). Basing our fees on rent collected ensures you do not have to pay a fee based on rent that is not even received as you might with other property managers that charge based on gross rent roll that may or may not be collected each month.
If interested in learning more about how Landex Property Group can meet your property management needs, please contact Isaac Opicho Mukhwana, and we will be glad to meet you.