Property and building management is a professional service that oversees the ongoing operation of buildings, investment apartments, and commercial real estate — including maintenance, collections, insurance, common area cleaning, handling malfunctions, vendor management, tenant management, and representation with authorities. On Vanilla Market , you will find building management companies , investment property management companies , income-generating real estate managers , maintenance companies , and professional HOAs , who free you from daily hassle and preserve the property's value long-term.
Property management services are divided into three main categories: HOA management (shared buildings — collecting fees from homeowners, maintaining lobbies, gardening, plumbing, electricity, cleaning, elevators, insurance); investment apartment management (tenant sourcing, contracts, collections, 24/7 malfunction handling, insurance underwriting, representation with income tax authorities); commercial income-generating real estate management (offices, shops, logistics centers — advanced management including commercial tenant management, contract renewals, property taxes, VAT, and reporting).
Vanilla Market's management companies operate in Tel Aviv , Jerusalem , Haifa , Beer Sheva , Ashdod , Rishon LeZion , Petah Tikva , Netanya , Holon , and Ramat Gan . The cost of investment apartment management services: 6-10% of monthly rental income. Building management cost: 25-80 NIS per apartment per month, depending on size and services. Professional property management preserves property value, reduces tenant turnover, and prevents disputes between residents. If your property is a real estate investment , it is recommended to also conduct a real estate appraisal annually to monitor prope…
Tips for choosing a professional
Demand a monthly written report
A professional company sends a monthly report on collections, expenses, and balance. Without a systematic report — change companies.
Ensure professional liability insurance
Before signing a contract — ask to see a valid professional liability insurance policy. High-value protection.
Read the contract carefully
Pay attention to the commitment period, exit conditions, hidden fees, responsibility for malfunctions, and handling tenant turnover.
Ask for 3 active references
It's not enough to get names — speak directly with 3 active clients about the service, response to malfunctions, and collections.
Check availability for emergency malfunctions
A serious company promises a response time of up to 4 hours for malfunctions (plumbing, electricity, elevator). Demand this in the contract.
Compare at least 3 companies
Compare costs, scope of services, reviews, and experience. The cheapest isn't always the most cost-effective long-term.
Find a professional company on Vanilla Market
Read real reviews, check experience, and choose a company with a proven reputation in your area.
Frequently asked questions
How much does investment apartment management cost in Israel?
Standard cost: 6-10% of the monthly rental income. For example, an apartment rented for 6,000 ILS = 360-600 ILS per month in management fees. This service includes tenant sourcing, contracts, collections, malfunction handling, insurance underwriting, and tax reporting. Partial service companies charge less (4-5%) but do not provide full service.
How much does a shared building management company charge?
Between 25-80 ILS per apartment per month, depending on the building size, elevator, parking, courtyards, and gardening. For a small building (6-12 apartments) — 30-50 ILS. For a luxury building with a guard/pool — 100-200 ILS. Management fees do not include repairs and external services, only the HOA management work itself.
What's the difference between a regular HOA and a professional management company?
A volunteer HOA is composed of residents who manage themselves — they don't always collect on time, suffer from personal friction, and sometimes lack professionalism. A professional management company provides objectivity, systematic documentation, collection software, legal representation, and 24/7 availability for malfunctions. Recommendation: For buildings with 12 apartments or more — a professional company.
Who is responsible for malfunctions in an investment apartment — the property owner or the management company?
The management company handles the malfunction (calling a professional, supervising, closing with the tenant), but the actual cost falls on the property owner (unless the tenant is responsible per contract). Up to 1,000 ILS, management companies usually proceed without prior approval. Above this amount — owner's approval is required.
How do you choose a reliable management company?
Ensure: a valid company certificate from the Registrar of Companies, professional liability insurance, 5+ years of experience, Vanilla Market reviews, full transparency in financial reports (receiving a monthly report), 24/7 availability for emergency malfunctions, and digital management software. Ask for 3 active references for direct communication.
Is the management company responsible for returning money to the tenant in case of debt?
No. The management company collects on behalf of the property owner and operates according to a contract — it issues warnings, opens enforcement files, and provides legal representation, but the debt remains the tenant's. Choosing a company with experience in legal collection significantly increases the chance of recovering the money.
What should you manage yourself and what should you assign to a company?
One apartment owned — you can manage it yourself if you have time and ability. For 2-3 apartments or more, or an apartment at a distance — a management company saves time, reduces tenant turnover, and prevents loss of income. The cost of management is often worth it for the peace of mind alone.