The Industry Insight by REM Times video explores the prevalent discussions around property service charges and the misconceptions surrounding them. In the episode, HP Aengaar, CEO of Provis, shares his expertise on how to develop a good Service Charge Model that ensures service charges do not become a burden for homeowners.
The video discusses critical considerations for community management companies to keep in mind while developing such a model, including market research, data allocations, and benchmarking. Additionally, the video highlights the role of government bodies in Abu Dhabi and Dubai in helping companies tackle service charge challenges.
Provis has implemented innovative initiatives to reduce service charges and ensures compliance with government regulations. The key takeaways from the video are the importance of education and awareness, market research, technology adoption, and government compliance.
Viewers are encouraged to leave questions and suggestions in the comments section and subscribe to the REM Times YouTube channel for more insightful content.