Though 2021 has been economically challenging for property management companies in Kenya due to the Covid 19 epidemic, there is no doubt that the real estate sector is fast-growing.
According to Cytonn, the real estate sector has exponentially contributed to the country’s GDP, which was once 10.5% in 2000 to about 13.8% six years later.
So, what does that mean for property market investors? How about those looking to launch their property management career?
Well, for the former, there is no perfect time to invest than now, and for the latter, it’s the right time to register your property management business and start reaping huge.
Of course, there will be challenges, but it’s all about studying the property market well, making the right calls, and staying true to your goal.
Below are the ten best property management firms in Kenya that you can learn from if you want to pursue a career along that line.
Top 10 Best Property Management Companies In Kenya.
1. Knight Frank Kenya
Knight Frank originates from London, where it was founded in 1986. The company has been running for over 21 years in Kenya, dominating the commercial and residential property market.
Some of Knight Frank’s clients include the British High Commission, Shell, Red Cross, the Embassy of Korea, Barclays Bank, Toyota East Africa, Price Water House Coopers, Plan International, and the Embassy of the United States.
Knight Frank takes pride in customer satisfaction and trust, and that’s the reason behind their success. The company’s primary specialty is property management, project management, property evaluation, and property research and consultancy.
Location – Lion Place Ground Floor, Waiyaki Way, Westlands, Nairobi
Website – www.knightfrank.co.ke
Email – residential@ke.knightfrank.com
Contact – +254 204 239 000
2. Villa Care
Villa Care has been running for over 20 years, given that it dates to 1994.
The company’s innovative marketing tactics have seen it dominate the real estate sector in Nairobi and Mombasa.
One of its recent achievements is the Two Rivers Mall, one of the biggest malls in Kenya. Villa Care also manages Gateway Mall, Britam Towers, UAP Towers, Simco Plaza, among many other multi-million properties.
Villa Care specializes in residential and commercial property management, just like Knight Frank. Additionally, they not only do it in Kenya but East Africa as a whole.
Location – New Rehema House, 6th Floor, Rhapta Road, Westlands, Nairobi
Website – www.villacare.com
Email –info@villacare.com
Contact – 0 722 512 803/020 444 7444
3. Hass Consult
Hass Consult is another older property development company known to manage some of the most prime properties in Nairobi.
Currently, the company has new multi-billion development projects in 1870 West Westlands, Enaki Town, Rosslyn, Altura Westlands, and Riverside Square.
Hass Consult property management services include building maintenance and rent collection.
The company recently dived into the business management and hotel sector, and it’s only a matter of time before they become a force to reckon with.
Location – ABC Place 4th Floor, Waiyaki Way, Westlands, Nairobi
Website – www.hassconsult.co.ke
Email – info@hassconsult.co.ke
Contact – 0 709 479 479/0 709 479 000
4. Tysons
Tysons is one of the oldest property management companies in Kenya, dating to 1929. It’s known for its dominance in the African residential and commercial market.
Currently, the company lists West Park Towers in Westlands, Renaissance Corporate Park in Upper Hill, and Teleposta Towers, Solar House, and Ukulima House, all in the CBD.
Tysons takes pride in its top-notch professionalism and personalized services, which have seen it attract so many investors.
Additionally, the company has some apartments for sale in Tatu City, villas on Kiambu Road, and residential houses at Garden City.
Location – Jubilee Insurance House, First Floor, Wabera Street, Nairobi
Website – www.Tysons.co.ke
Email – info@tysons.co.ke
Contact – 0 722 207 403
5. Lloyd Masika
Dating to 1979, Lloyd Masika is one of Kenya’s most trusted real estate companies. The company manages residential and commercial properties and specializes in property valuation, consultancy, and sales.
Most of its clients are private property owners, insurance companies, banks, hotels, and government agencies.
Some of the company’s recent listings include Sarit Centre, Stanbank House, Barclays Plaza, Crossroad Mall, and Corner House.
Its biggest sale, however, is Delta Center in Upper Hill.
Location –Norfolk Towers, Number 68 Kijabe Street, Nairobi
Website – www.lloydmasika.co.ke
Email – info@lloydmasika.co.ke
Contact – 0 722 481 504/0 733 597 050
6. Suraya Properties
If you have ever been to gated estates like Lavington and Spring Valley, the chances are that you have seen the name Suraya on a few properties.
Suraya takes pride in providing innovative and affordable home solutions in some of Nairobi’s high-income residential communities.
Some of its recent projects include the Terrace in Lavington, Spring Valley Mall, Lynx in Ngong, and At the Falls in Riverside.
Suraya is quickly gaining a vast foothold in the Nairobi property market, and for the look of things, they are a force to reckon with.
Location – Spring Valley Park, Block E, Ground Floor, Lower Kabete Road, Nairobi
Website – www.suraya.co.ke
Email – info@suraya.co.ke
Contact – 0 20 266 5112/0 712 219 906
7. Optiven Enterprise
Optiven is one of the fastest developers in Kenya, targeting mid-income earners. Unlike most property management companies on this list, Optiven buys lands for its clients and then helps them build and manage the properties.
The company’s vision is to inspire property investors in the middle-class bracket.
Optiven currently develops Victory Gardens in Kitengela, Amani Ridge in Kiambu, and Garden on Joy in Machakos, among other projects.
Super Brands Africa ranked Optiven at position 68 out of 1000 leading super brands in Kenya in 2019, proving the property developer’s dominance.
Location – Absa Towers, Loita Street, 4th Floor, Wing A
Website – www.optiven.co.ke
Email – diaspora@optiven.co.ke
Contact –0 723 400 500/0 790 300 300
8. Dunhill Consulting
Since its founding in 2003, Dunhill Consulting has grown to become one of the true titans of the Kenyan property market.
The company offers sales, consulting, valuation, and property management services. Not only do they deal with houses, apartments, and offices, but also go-downs and plots for sale in Nairobi and Mombasa.
Meanwhile, recent projects include Silver Mist Residency at General Mathenge Drive and Laxcon Court on Parklands Road.
Location – Hevea Court, Block A3, Number 15, Eldama Ravine Road, Westlands
Website – www.dunhillconsulting.com
Email – info@dunhillconsulting.com
Contact – 0 786 386 445/0 720 911 136
9. Gimco Limited
With an industrial experience that spans over 38 years, Gimco Limited is a household name in Kenya and Africa.
The company specializes in property management, project development, and property valuation.
Its biggest listings include Five Star Paradise Runda, Jennifer Riria Hub Nakuru, and Crystal Rivers-Safaricom Mall.
Generally, all these properties are in gated communities, attracting affluent Kenyan families and foreigners.
Location – Gimco Center Kiambere Road, Upper Hill, Nairobi
Website – www.gimcoltd.com
Email – info@gimcoltd.com
Contact – 0 704 386 004/020 271 9800
10. Home Universal
Home Universal brings together more than ten different real estate companies. The consortium offers an array of real estate services, ranging from property valuation and management to letting and selling.
Through its subsidiaries, Home Universal offers cost-effective property market solutions.
The subsidiaries include Kenya Homes Expo, Villa Care (discussed above), Security 24, and Beyond Media.
Location – 6th Floor Rehema House, Westlands, Nairobi
Website – www.homeuniversal.com
Email – info@homeuniversal.com
Contact – +254 20 444 7444/+254 20 230 9074
People Also Ask
1. How Much Is A Real Estate Agent Paid In Kenya?
According to Glassdoor, real estate agents in Nairobi, Kenya, earn Ksh 61,000-Ksh 960,000 depending on the size of properties they sell and rent out.
The average base pay, however, according to Glassdoor, is Ksh 47,500.
2. How Do I Register A Property Management Company In Kenya?
Here are the general steps for registering a property management company in Kenya?
- First, go to the Estate Agents Registration Board in Kenya at Athi House, Nairobi, or visit their website to obtain an application form.
- Then, fill in the form and submit it alongside your CV, passport photo, good conduct certificate, copy of ID, letter of recommendation from a practicing real estate agent, and a copy of the receipt for payment of the application form. Generally, the form cost Ksh 1,000
- After that, wait for a week for the board to review your application and send you an interview invitation letter.
- Once you receive the invitation letter, you’ll need to pay Ksh 3,000
- Once you pass the interview, you’ll receive a certificate, which is renewable every year.
3. How Much Do Property Managers Charge In Kenya?
Property managers in Kenya receive 5-10% of what tenants pay as rent every month.
4. How Do I Find A Good Property Management Company To Work For In Kenya?
Here are the basics for finding a good property management company to work for in Kenya.
- First, a company with the necessary certifications and licenses
- Second, a company with an extensive client base
- Third, one with transparent transactions
- Fourth, an option with solid property management policies and a solid reputation
- Lastly, a company with lower vacancy rates
5. How Much Does It Cost To Register a Real Estate Company In Kenya?
For starters, it will cost you Ksh 1,000 to submit an application form to the Estate Agents Registration Board.
Then, you’ll pay Ksh 3,000 once you receive an interview letter. Overall, it’s after you pass the interview that you’ll receive a business certificate.
Relevant Post: Best Real Estate Companies in Kenya
Final Thought on Property Management Companies Kenya:
Now you have 10 of the most dominant property management companies in Kenya. So, whether your goal is to get into property management, work for a trusted property management company, or invest in a reliable real estate company, those are the companies to go for.