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Sales Property Management Management Conciergerie SINCE 1985 HOLIDAY RENTALS CONCIERGERIE PROPERTY SALES MANAGEMENT MANAGEMENT GSI professions SALES, HOLIDAY RENTALS, PROPERTY AND RENTAL MANAGEMENT contents New legal frameworks such as the French ALUR 1 GSI professions and ELAN laws have forced property sales and Sales, holiday rentals, property management professionals to reinvent themselves. and rental management GSI has chosen to use this increased complexity as a 5 GO SAVE & IMPROVE chance to develop new forms of expertise and offer its Respecting the mountains clients innovative products. together 6 Renovation commitments Renovation, a market Property sales requirement and essential for GSI has been a property sales expert in the Tarentaise region since 1985, and considers alpine estate agents as a human resource for its clients now more DR the Furnished Lettings Label than ever. Each agent draws on their knowledge of the region and tax and legal 7 Furnished Lettings Label developments to play a facilitating role in sales and acquisitions. Comprising 11 passionate, experienced people, the GSI sales service has successfully adapted A whole host of advantages! to the changes in the estate agent profession. Qualified to carry out all types of 8 resort-based destinations spread across the 8 Major dates for GSI sales (from commercial properties to luxury chalets) across all sites for a French and international clientele, this service has integrated new sales methods and biggest ski areas in the Northern French Alps, 10 Rental property management understood clients’ increasingly high expectations. It also manages all formalities 1 head office in Moûtiers and 7 agencies in the including drawing up preliminary sales agreements, mapping out financing plans, Tarentaise region, including 6 GSI agencies and 1 and handing over keys. 12 All change at GSI agency managed by the Eco Transactions brand. 14 A textbook case GSI INNOVATIONS: PARTNERSHIP MANDATES Le Ridge, a residence concept Developed for owners using the hands-on experience of GSI, Partnership defining new roles for estate Mandates take into account new sales methods such as individually owned sites agents and personal networks to optimise property sales. The concept relies on combining 200 11 the exclusivity of a mandate entrusted to GSI with a vast network of property sales made employees owners. The sales fees are shared with owners when a buyer is found among their 16 GSI Magazine contacts. This flexible, modern solution is based on a win-win approach. in 2019 just for sales An educational tool DR 1 A slice of alpine paradise, a GSI speciality! STANDRET ELINA SIRPARANTA Rental management Holiday rentals Whether individuals, businesses, or There are several levels of service options to Boasting one of the highest numbers of client- institutional investors, all property owners meet the needs and expectations of each owned rental flats in the Tarentaise region, GSI relies 60% can count on GSI to take care of all year- client. These include carrying out rental value on its expertise as a local accommodation provider round rental tasks and responsibilities. This assessments, dispatching tax documents, specialised in alpine tourism. Aware of the different of our clients choose our agencies for the quality of the properties service has intensified considerably since and drawing up contracts and inventories. possibilities offered to owners looking to rent their and the care and attention offered by GSI the adoption of the French ALUR law and Find out more at properties, GSI provides bespoke mandates based is now provided by Eco Transactions to all on their needs such as the Dynamic Management www. eco-transactions.com SOURCE: OLAKALA STUDY – PANEL OF 1,050 RENTERS properties in the valley in an effort remain a mandate. key local player for our clients. 2 3 Via adaptable offerings, GSI looks for and other services to provide stress-free 14 properties rented per day on average suitable guests for its client-owners, while stays for guests, who can be accompanied managing the legal, financial and technical from start to finish if desired. 66 employees including 20 for the Holiday aspects of each stay to ensure everything These services include a hotel package Rental service, spread across 7 sites runs smoothly and safely. From managing (home linens), baggage transfer, shopping reservations and welcoming guests to delivery, taxi and restaurant reservations, overseeing their stay and cleaning the vouchers for reduced prices on ski 1,000 flats & chalets offered for holiday property, GSI offers client-owners a full equipment hire, ski passes and on-demand rentals, with more than 3,000 keys stocked range of holiday rental services backed cleaning. and managed by the professionalism, expertise and experience of its teams. 22,500 people welcomed every winter thanks to our agencies GSI INNOVATIONS: THE DYNAMIC MANAGEMENT MANDATE This mandate allows individuals to rent their GO SAVE & IMPROVE properties via their own means. As a result, a percentage of the fees are repaid to the AN ECO-FRIENDLY COMMITMENT FROM GSI 1.5 tons owner, who is considered to be a business of blueberry jam gifted to tourists partner. In order to meet the growing demand for holiday rental services, GSI is constantly developing its Concierge offering 100,000 This is the average number of people GSI interacts with every year as part of its Property management ADVANTAGES activities. Over the last few years, this figure has reflected our employees’ natural Among the 66 people working at GSI, 32 Knowledge of the region and proven 13,000 are exclusively appointed to the company’s experience that ensure owners get the role as ambassadors for raising awareness about protecting and respecting the co-owners who trust GSI alpine property management service. best legal, tax and technical advice for the mountains. This is one of the main GSI professions due management of their property. “GSI began reacting to new mountains. They are all easy, such as to its sophisticated nature, high demands environmental challenges in 2016. For turning off radiators and lights when given the specificities of mountain properties TOOLS the last 2 years, we have been moving leaving the property, recycling and 380 co-owned properties under such as episodic occupation (many are A clear, concise property management things up a gear to make even more using other forms of transport instead management second homes) and the region’s unique contract based on recommendations from of an impact with our clients. The GO of cars. weather conditions. It creates a trust-based, the French National Consumers Council. A SAVE & IMPROVE logo is a symbol of 60,000 administrative documents sustainable, multi-faceted relationship with personalised information system with cut- our commitment and our awareness- GSI’s awareness-raising initiative client-owners, who are generally assisted ting-edge features such as collaborative raising efforts,” says Gabriel Mingeon, also applies to property owners, with sent every year in the purchase, management and even development programs and online pay- managing director of GSI. advice and assistance for heating and In an effort to constantly ensure the legitimate resale of their property. More than 380 co- ments. This ensures fast, individual and insulation improvements. interests of co-owned properties are protected, GSI owned properties are managed in this way constant access to the main information For each rental, tourists are given puts everything into collaborating with the best by GSI. about the co-owned property such as noti- a welcome package containing a GSI is clearly aware of the issues at partners. They include artisans, design offices, fications, powers, and minutes from general pocket ashtray and a booklet with hand. architects, lawyers, notaries, bailiffs and insurers, assemblies. What’s more, there is a single 10 eco-friendly habits to adopt in the and GSI negotiates access to premium services at bank account used in the management of reasonable prices. each co-owned property. AYMOZ SYLVAIN 4 5 after Renovation commitments € THE FURNISHED LETTINGS LABEL an overview of the main questions A WHOLE HOST OF ADVANTAGES! before THE ADVANTAGES OF THE LABEL FOR RENTERS RENOVATION, A MARKET REQUIREMENT An official“Meublé de Tourisme” (furnished lettings) label is seen as a sign of quality and professionalism by renters, as an independent organisation assesses the level of comfort and Lifestyles have developed over the years, and so have renters’ needs and expectations! In this services before deciding which properties are suitable for the label. This mark of recognition is therefore a major commercial advantage context, older properties must inevitably follow the trend if they want to remain competitive. As that helps properties stand out from the competition, accompanied buyers and renters have raised their expectations with regard to value for money, renovation – by a logo and the official “Meublé de Tourisme” sign. This label also enables potential renters – especially those from assisted by tax deductions – are becoming a necessary part of many sales and rental projects. outside of France – to make a quality-based decision. Labelled PRESCHESMISKY properties also enjoy tax advantages, with an allowance of 71% (instead of 50% for non-labelled properties) applied to rental income. This increased allowance is only possible (since 1 January 2016) for properties with the “Meublé de Tourisme” label. This label is also advantageous for owners in terms of social after Every year, several mountain residences are removed from the rental Evaluating a rental property security contributions (only applicable to those renting market due to their poor condition. Over time, this has created a Owners should never compromise on quality when it comes to photos professional accommodation with an income above €23,000 who of their property! This is now an essential part of marketing your flat. You large number of flats that are no longer managed or rented, leading are obliged to contribute and register as a company).
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