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
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.
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.
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.
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.
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
We all wish for a Genie to magically find us a comfortable house without wanting to go house hunting surrounded by middle men and paperwork.
Finding a suitable property owner in a peaceful neighborhood especially without a judgemental next door aunty is our goal for this century
Property Managers are the Genies we are looking for ...How you may ask ? Continue reading to know how Property Management Companies make our life so much easier ...
Most of us know Property Managers as end to end service providers to property owners. They provide a wide range of services from maintenance to tenant management, So don’t you think it's a good place to find a suitable house ?
1. Wide Range of Properties
Property Management Companies have a wide range of properties under their ambit.
Whether you have a large extended family or just planning to move in with your buddy there is a high chance you will find a suitable abode.
2. Condition of the property
Most of us might have come across properties which are not well maintained, and the effort that goes into it to make it livable ...Ufff! I don't even need to start talking about that ...
But property managers on a regular basis ensure that the property is in good shape, hence you can always walk into a welcoming home.
3. Verified Owners
Isn’t it biased that only tenants have to be verified ? It’s a concern for every tenant to have a verified property owner as well ...
Recent instances of tenants being duped by fraudulent property owners is an issue to be addressed.
Property Management companies verify owners and ensure they possess correct title deeds to the property before signing them up
4. Tenant Support
As tenants we need to reach out to our owners on a regular basis for different queries be it relating to maintenance requests or any documentation work such as name/ address change.
Property Managers come to our rescue, it's much easier to reach out to them. The turnaround time is considerable less keeping in mind their professional expertise in solving our queries
5. Security of Deposits
Security deposits are given to property owners as a measure of security and are used to pay for any damages or loss of property.
Though it safe guards the owner’s interest, the tenant's position is in a bit of a dilemma - whether he will be able to recover this big sum !
Property Management companies put this dilemma to rest. As they are the point of communication between tenants and owners they ensure that Security deposits are given back to tenants on time and ensure that unreasonable deductions are not made.
6. Offers and Free Services
Property management companies often put up offers or provide free services such as maintenance requests, sanitisation and many more.
It not only makes it light on the pocket but it also adds joy in enjoying free services.
7. Rent Receipt
Many of us may not know that rent can be claimed as a deduction from income while filing for our Income Tax Returns, but there is a small catch to it …. It requires a rent receipt.
Asking owners to provide a rent receipt is far fetched, but Property Management companies as part of their process provide rent receipts.
8. Single point of contact
Renting a house isn't easy business, we need to communicate to multiple stakeholders, be it brokers to find a house or an agent to complete the legal paperwork and not to forget the owner.
Property Management companies cut down all this hassle. We need to only contact one person for all our services from start to end.
Property Management companies have a reputation to maintain in the market and they take this very very seriously.
And that is good for tenants as we can be rest assured that they won't go back on their word …. But can we trust an individual owner the same??
10. No Judgment
Handling prejudice owners is an agonising situation and everyone hopes to not find themselves in such situations.
There is constant hesitation in the minds of tenants about the misconceptions some owners may have be it regarding their profession or lifestyle.
But gone are the days when we need to worry about being judged.
Any reputed Property Management Company will have 0% tolerance
11. Realistic Rents
It’s the owners right to ask for appropriate rent for their property, however many times they do not reflect the market rates.
Even after some serious time consuming negotiations deals fall through
Property Management companies actively keep tabs on the market trends. Their rent analysis gives them a cutting edge to ensure that properties are let out at win-win rents
Property Managers keep in mind the paying capabilities of tenants and the intention to provide maximum return on investment to the owner. Hence they always arrive at an equilibrium figure.
Is it possible to avail all these benefits for absolutely free ? YES ! and it only happens @ PropertyAngel
We are your one stop shop for all your rental needs - from looking for a suitable property to fulfilling all legal requirements.
To know more visit https://www.propertyangel.in or call us at 91-80-47095974 / 91-7406484455