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With managing property in Jamaica from overseas, a persistent challenge for diaspora investors, JN Properties Limited is underscoring that there are professionals in the local market who can eliminate the headache of managing real estate assets from overseas.
Speaking as a panellist during the recent JN Group organised Securing Your Piece of the Rock, Lieutenant Colonel (Retired) Sean Prendergast, managing director of JN Properties, highlighted that there is professional help available to assist with managing local properties, pointing out that many Jamaicans overseas rely on informal arrangements such as family and close friends who create a stressful conundrum for diasporans who are forced to manage the relationships while managing their properties from abroad.
He noted that his company has been responding to this pain point as more investors expand their holdings across both residential and commercial real estate in Jamaica. Trust, he noted, sits at the centre of the challenges. For many overseas property owners, the difficulty is not only in maintaining buildings or managing tenants, but in identifying reliable individuals or systems on the ground thatwho can be entrusted with the care of assets while they continue to build their life in a different country.
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