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Property Management Services are only for those owners who don’t reside in the same city where their property is located….what ??? is this true ?? …. Let me bust this Myth for you !
A lot of effort goes into managing a property and you don't need any excuse to avail the services of a Property Management Company. Let me tell you how a Property Management Company can benefit you as a local owner Marketing your property Gone are the days when To-let boards attracted eyeballs. We live in a new age where everything happens on the World Wide Web, which means someone could be looking for a house in Bangalore sitting right across the globe. In such circumstances, marketing your property to get suitable tenants could be a task. Why put the effort to get a Masters Degree in marketing for a single property when you can reach out to Property Managers to do it for you ? Expertise of Property Managers enables them to judge the right place to attract the highest potential tenants. They can also market your property in multiple platforms to boost your tenant leads Managing calls Imagine receiving multiple calls from potential tenants -you won't want to miss them ...but you definitely do get tired of reciting the same details again and again to each caller. Property Management companies reduce this burden for you. They attend unlimited calls and shortlist tenants as per your specifications. They also verify your tenants to ensure that your property is in safe hands. Rent Analysis We sometimes might set the rent of our property too high or Sometimes we might set the rents too low ….In both cases we lose out, either our property is mostly vacant as in the 1st case or we are constantly under paid as in the 2nd case. Rent varies just like the stock market. Multiple conditions affect them, such as: location , access to amenities, connectivity, development in the surrounding are and not the forget our economic conditions Property Managers have the expertise to arrive at the most optimum rent to maximize on our income and also ensure that your property is tenanted. Managing tenants Most of the property owners are busy with a day job. Coordinating with potential tenants for inspection and scheduling a convenient time that suits both is a hassle. Property Management companies have personnel who can take tenants for inspections. We don't need to travel from corner to corner, taking an excuse from work to show tenants the house for inspection. Maintenance of Property As a homeowner we might face maintenance issues especially when the property is vacant. Be it pest or seepage - it’s the responsibility of owners to maintain the property in a livable condition. This task can be handed over to Property Management companies who can get all your maintenance work done and ensure your property is always in its best conditions. They find the best vendors and supervise the work, keeping you tension free. Property Inspections A property owner is not tension free once the property is rented out, we must also ensure that the property is inspected on regular intervals to ensure that the property is in good condition. Property Management companies schedule regular inspections so you can take a back seat and enjoy your rent and take the inspection burden off your shoulders. Rent Collection You are lucky if you have a tenant that pays you on time ! But most of us are blessed with kind tenants who need a nudge to pay their monthly rent. Keeping a track of these payments could be a bit annoying and at some point it might put you in an embarrassing situation. Don’t want to nag your tenant ? … simply pass on the duty to the Property Management Company. They take up the responsibility to collect your rent and ensure it's in your bank, Ready for you to spend it ! We all should realise that a property is always a burden when it is unoccupied. The ‘n’ number of maintenance issues and the safety of the property is an ongoing issue. In the current market many homeowners have bought properties for investment on bank loans and the pressure of EMI can only be mitigated if the property is tenanted. Every owner can only enjoy the benefits of their property when it generates some income. When the need of the hour is to wisely manage your investments, then who best can ensure maximum return on your investment than the experts in the area of properties -- Property Management Companies. Now all of you might be thinking if the benefits outweigh the costs …. It is here that we should realise that in performing all the above duties as a property owner we shell out cash more often than we realise - small amounts over a period of time may go unnoticed but they sure do impact our pockets. As the old saying goes - Penny wise, Pound foolish - it’s better to acknowledge an expense than have no control and have unnoticed expenses. The benefits definitely weigh more than the costs and it's best to take aid from a professional to manage your property. PropertyAngel is a Property Management Company with Strong SLAs to measure performance As a new age property-tech company with 860+ verified properties under our wing,we are deeply driven by Customer Happiness & Customer Transparency Few service which may please you as an owner of your property:
Our goal is to maximize your rental income and to minimize your stresses. To know more about us please visit our website: https://www.propertyangel.in/ Reach out to us on: 91-80-47095974 / 91-7406484455 OR hello@propertyangel.in
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