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  1. Articles
  2. Property Management Companies in Lebanon: Buildings, Rentals, and Common Areas
Property Management Companies

Property Management Companies in Lebanon: Buildings, Rentals, and Common Areas

AdvisorLB Team·May 13, 2024
Property Management Companies in Lebanon: Buildings, Rentals, and Common Areas

A good property manager is part accountant, part maintenance coordinator, part diplomat. They keep the building running, the books clean, and the residents happy — which is harder than it sounds.

Typical scope

  • Monthly accounting of building expenses and contributions
  • Generator fuel, EDL bills, water, internet, and maintenance contracts
  • Cleaning, garbage, security, and concierge supervision
  • Routine repairs and emergency response
  • Owners' assembly preparation and minutes
  • For rentals: tenant screening, lease drafting, rent collection, inspections

Pricing models

  • Per-apartment monthly fee (most common for residential buildings)
  • Percentage of rent collected (typical for rental management — 5–10%)
  • Project-based for renovations and one-off works

What to ask

  • Do they share monthly financial reports with all owners?
  • How do they handle generator fuel pricing and reconciliation?
  • Do they hold a dedicated bank account for the building?
  • How are emergencies handled outside business hours?
  • What is their tenant default and eviction process?