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NRI Rental Property Management Service in India

9/6/2022

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Do you face problems finding NRI Rental Management Services? No worries. We, at PropertyAngel, bring a solution to solve your problem. We help you find the right tenants and keep your rental property up to date.

PropertyAngel is one the leading providers of NRI Rental Management services in India, giving you complete peace of mind. Our services include effective tenant management, home improvement, property inspection, maintenance, and upkeep to ensure the security and protection of your property.
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PropertyAngel is one the leading providers of NRI Rental Management services in India, giving you complete peace of mind. Our services include effective tenant management, home improvement, property inspection, maintenance, and upkeep to ensure the security and protection of your property.
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Benefits of NRI Rental Management services

At PropertyAngel, our NRI Rental Management services includes the following benefits:

  • First-round site visit to verify repairs, utility, and social laws
  • Photographing the property
  • Publishing and posting the property pictures on multiple channels
  • Contacting potential tenants and showing them the property
  • Rent and Term agreements
  • Police Verification
  • Completing registration and collecting Security Deposit and first rent
  • Completing society norms
  • Easy move-in facility

How do NRI Rental Management services handle rent deposits and monthly leasing?

If you own a rental property, working with an NRI Rental Management company to maximize your investment returns is a big decision. However, working with such a management company provides hassle-free rent collection, resulting in less stress and less dedicated time. Every task performed by their property manager includes promoting the success of your property for progressive income. A Property Manager manages security deposits, rental income, reserve funds, etc., on behalf of the owner.

Here is a checklist of issues to consider and questions to ask when hiring an NRI Rental Management company:

Payment to Owner
  1. Do they offer direct deposit?
  2. What day of the month will they deposit the rental income?
  3. Will the rental income deposited be for that particular month, or will the management company hold it a month back?

Taxation
  1. Will they be able to get advice on NRI tax breaks and benefits?
  2. Will the NRI property management company issue you an IRS-1099 and a summary profit and loss statement for tax purposes?

Accounting
  1. Do they keep proper documentation on file?
  2. Do they provide all invoices against any illegally raised taxation issues?

Security Deposits
Security deposits are vital for any property damage coverage. If it's not effectively managed, it may result in a loss of owner income.

At PropertyAngel, we collect the leasing amount and deposit it into the specified bank account. If your property is commercial, we handle renter contracts yearly or monthly if necessary. You can also choose to pay the money to an individual you specify (if possible, a family member or close friend) – exactly how you want it.

Payment to Owner

  1. Do they offer direct deposit?
  2. What day of the month will they deposit the rental income?​

Taxation

  1. Will they be able to get advice on NRI tax breaks and benefits?
  2. Will the NRI property management company issue you a summary profit and loss statement for tax purposes?

Accounting

  1. Do they keep proper documentation on file?
  2. Do they provide all invoices against any illegally raised taxation issues?

Security Deposits

Security deposits are vital for any property damage coverage. If it's not effectively managed, it may result in a loss of owner income.

At PropertyAngel, we collect the leasing amount and deposit it into the specified bank account. If your property is commercial, we handle renter contracts yearly. You can also choose to pay the money to an individual you specify (if possible, a family member or close friend) – exactly how you want it.

Contract Details for NRI Rental Management Services

NRIs may find it difficult to manage rental property in India. Many NRIs own premium real estate in India for investment purposes. NRIs must have Power of Attorney (PoA) for property transactions to go smoothly without tenancy issues. Both the landlord and the tenant should be aware of their liabilities. 

A rental agreement is a legal document that a renter fills out, containing details about property number details, area pin code, mobile number, and other things. Aside from tenant and property information, a renter must understand the clauses referring to overstay, non-refund of security by the tenant, and other issues.

Importance of NRI Rental Management Services

NRIs may face issues like tenants who refuse to vacate their premises despite requests. However, hiring an NRI Rental Management company makes the process easier for you. For example, if a tenant refuses to leave the property, a landlord can issue a legal notice of termination. In other words, if the tenant refuses to leave the property, the landlord has the authority to file a case in a local court. Thus, the advocate can file a legal notice to sue the tenant.
At PropertyAngel, we regularly inspect at specified intervals. We schedule our visits in advance and are subject to the tenant's availability. Also, we arrange for any interior repairs that are required and charge the fee to the tenant.​

Additional benefits of hiring NRI Rental Management Services

There are many additional benefits of hiring NRI Rental Management services. Some of them are listed below:

  • Verified Tenants
  • Systematic Tenancy Management
  • No Legal Problems
  • Increased Tenant Retention
  • Low Maintenance Costs and a Higher Return on Investment

At PropertyAngel, we keep all our procedures transparent to our customers. Besides, we maintain a high level of service by distributing rent on time. Our dedicated customer support team will answer any query you have in mind.

Why choose PropertyAngel for NRI Rental Management Services in India?

Even if a landlord lives outside of India, he is responsible for protecting his property. But can a landlord sincerely protect his property if he stays very far? Thus, a landlord can hire an NRI rental management company to inspect, maintain, and repair the property.

At PropertyAngel, we get things done transparently. We believe trust cannot be built overnight or through a massive branding campaign but is only possible through high-quality and dependable service. So, if you're looking for the best NRI Rental Management services, PropertyAngel is the place to go.
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