PropertyAngel | Property Management Bangalore, Bengaluru
  • Property Owners
  • Tenants
  • Refer a Friend
  • Propathon
  • Careers
  • Contact Us
  • Property Owners
  • Tenants
  • Refer a Friend
  • Propathon
  • Careers
  • Contact Us

Types of property management companies

20/5/2014

13 Comments

 
Picture
There are various types of companies and models that exist in the property management space. As the market is far older and more mature in the western countries, let's first discuss the models that exist there:

1. Multi-unit buildings - There are large property management companies that manage the rental units in large apartment buildings. They have an office in the premises, and all rentals for any apartment in that Complex are managed by them.  They operate by taking a percentage of the rent (usually 10-15%), and also run the maintenance department in the building. They are responsible for rent collection from the tenant, and pay the rent to the respective owners. 

2. Single Family homes - In addition to managing large buildings, property management companies also manage single unit homes. Usually some companies will specialize in this space. The business model is the same, and they operate by taking a percentage of the rent when the property is occupied. More often that not, they also charge a fee for placing a new tenant, every time there is a tenant change. 

3. Vacant house & land monitoring - In this case, the mandate of the company is to monitor the house or the land, and report status back to the owner. Instead of a percentage of rent, these companies charge a fixed monthly or annual fee. 

4. Serviced apartment management - several property management companies specialize in running units as service apartments. They take furnished apartments from property owners, market the properties, take care of all operations, and share the revenue with the owner, with a majority going to the property manager. 

5. Guaranteed Rental - In this case, the property management company will lease out a property from the owner, and pay rent irrespective of whether the property is occupied or not. This model usually works for smaller units in a very hot location that are easy to rent. 

6. Brokerage firms who manage a few homes as a side business - these are mostly mom and pop shops, who also manage a few homes for their clients. However, it's not something they specialize in or focus on, or only a small percentage of their income comes from Property Management. 

7. Facility Management - This is yet another kind of model where the company manages the common facilities and amenities in a large apartment unit, such as the maintenance department, the pool, the gym, the cleaning staff, etc. They usually get a fixed monthly fee for managing the services. They do not manage the units within the apartment complex. 

8. Commercial property management - This is very similar to the service apartment model, where property managers will convert the property into a retail unit or a plug and play office by furnishing it, and share revenues with the owner. 

In India, Property Management is still in it's nascent stage. It's more focused on absentee owners who don't live in the same city as the property. While several of the models above do exist in India, it is still a young market and the companies in this space are innovating constantly to fill in the gaps that exist. There are many different types of property management companies available in the market. One must research well about these companies, clearly define the requirements and then make an informed decision.

13 Comments
pearl link
13/7/2014 04:49:42 am

hi

Reply
rentandrealestate link
6/9/2014 09:46:04 pm

Very good explaination about property management services. Landlord, Tenant and Buyer all need a fast efficient, hassle free and centralized property services. It is more demanded in Indian property market.

Reply
arun link
9/4/2020 11:32:41 pm

Dear Sir/Madam,


 


Greetings!


 


We kindly request your precious one-minute attention for this, regarding property management in Bengaluru!


 


Let us introduce ourselves as a Property Managers in Bengaluru. Raksha Property Management has built a client base by providing quality and transparent services to our clients. We care about our client’s property as our own. We always put client interest first and we understand the burden of managing a property especially if you live outside India. We make the entire deal as seamless as possible and provide full transparency from initiation until the closure of the deal. 


 


You can reach us easily anytime by phone/email or walk in. We consistently outperform expectations. At Raksha we respond quickly and efficiently, we correct issues proactively before they become problems. Our solutions are cost-effective while being best for tenant stability and the long-term condition of the property.


 


Our Services:


Tenant finding & Handling tenant queries 

Tenant shortlisting and background check

Rent collection & Security services

Periodic inspection of the property and status updates

Facilitate labor requirements for property repair


Contact us:


 


RAKSHA Property Managers & Consultants
908/1, O.M.B.R Layout, Vincent Pallotti Double Church Road,
Banaswadi, Bengaluru, Karnataka 560043.

​

Call: (080) 4371 9790 | (+91) 991 668 8332 | USA (+1) 732 735 6067

​Website: www.rakshapm.com | Email: info@rakshapm.com






 


Feel free to contact us for managing your property (Commercial/Apartments/Villa/flat/Independent House) in Bengaluru!


 


Have a nice day!


 

Reply
Raksha Property Management link
21/12/2014 03:01:51 pm

Good information! If anyone needs property related management, please visit Raksha Property Managment - Bangalore!

Raksha is one of the most trusted property management companies in Bangalore, Kochi & Trivandrum. Clients know our level of commitment, as we believe in open communication and follow through. For us, it is all about ensuring our client's satisfaction. Please visit http://rakshapm.com

Reply
selvakk link
15/2/2015 06:57:01 pm

House for rent in Bangalore, bangalore5, 2bhk apartments for sale in Bangalore, 2bhk apartment in Bangalore, Bangalore property
http://bangalore5.com/House-for-rent-in-Bangalore/

Reply
arun link
9/4/2020 11:34:03 pm

Dear Sir/Madam,


 


Greetings!


 


We kindly request your precious one-minute attention for this, regarding property management in Bengaluru!


 


Let us introduce ourselves as a Property Managers in Bengaluru. Raksha Property Management has built a client base by providing quality and transparent services to our clients. We care about our client’s property as our own. We always put client interest first and we understand the burden of managing a property especially if you live outside India. We make the entire deal as seamless as possible and provide full transparency from initiation until the closure of the deal. 


 


You can reach us easily anytime by phone/email or walk in. We consistently outperform expectations. At Raksha we respond quickly and efficiently, we correct issues proactively before they become problems. Our solutions are cost-effective while being best for tenant stability and the long-term condition of the property.


 


Our Services:


Tenant finding & Handling tenant queries 

Tenant shortlisting and background check

Rent collection & Security services

Periodic inspection of the property and status updates

Facilitate labor requirements for property repair


Contact us:


 


RAKSHA Property Managers & Consultants
908/1, O.M.B.R Layout, Vincent Pallotti Double Church Road,
Banaswadi, Bengaluru, Karnataka 560043.

​

Call: (080) 4371 9790 | (+91) 991 668 8332 | USA (+1) 732 735 6067

​Website: www.rakshapm.com | Email: info@rakshapm.com






 


Feel free to contact us for managing your property (Commercial/Apartments/Villa/flat/Independent House) in Bengaluru!


 


Have a nice day!


 

Reply
Preeti Sharma link
8/6/2016 04:35:16 am

i want your Franchise in Service Apartments

Reply
arun link
9/4/2020 11:34:32 pm

Dear Sir/Madam,


 


Greetings!


 


We kindly request your precious one-minute attention for this, regarding property management in Bengaluru!


 


Let us introduce ourselves as a Property Managers in Bengaluru. Raksha Property Management has built a client base by providing quality and transparent services to our clients. We care about our client’s property as our own. We always put client interest first and we understand the burden of managing a property especially if you live outside India. We make the entire deal as seamless as possible and provide full transparency from initiation until the closure of the deal. 


 


You can reach us easily anytime by phone/email or walk in. We consistently outperform expectations. At Raksha we respond quickly and efficiently, we correct issues proactively before they become problems. Our solutions are cost-effective while being best for tenant stability and the long-term condition of the property.


 


Our Services:


Tenant finding & Handling tenant queries 

Tenant shortlisting and background check

Rent collection & Security services

Periodic inspection of the property and status updates

Facilitate labor requirements for property repair


Contact us:


 


RAKSHA Property Managers & Consultants
908/1, O.M.B.R Layout, Vincent Pallotti Double Church Road,
Banaswadi, Bengaluru, Karnataka 560043.

​

Call: (080) 4371 9790 | (+91) 991 668 8332 | USA (+1) 732 735 6067

​Website: www.rakshapm.com | Email: info@rakshapm.com






 


Feel free to contact us for managing your property (Commercial/Apartments/Villa/flat/Independent House) in Bengaluru!


 


Have a nice day!


 

Reply
Commercial Real Estate Orange County link
22/2/2019 02:28:19 am

Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I’ll be subscribing to your feed and I hope you post again soon.

Reply
Aaron link
27/5/2019 01:31:30 pm

Some excellent information

Reply
Sean S link
3/1/2021 01:00:23 am

Loveely blog you have

Reply
serviced apartment in bangalore link
24/9/2021 08:51:35 pm

I enjoyed my stay at Redstone <a href="https://www.redstonevilla.in">serviced apartment in bangalore</a> when I visited bangalore for business trip. It is located in hsr layout and offers good service.

Reply
moral stories in kannada link
16/1/2022 09:00:46 pm

best blog

Reply



Leave a Reply.

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    May 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    August 2020
    July 2020
    June 2020
    May 2020
    December 2018
    March 2018
    November 2017
    October 2017
    September 2017
    August 2017
    October 2016
    July 2016
    December 2015
    July 2015
    June 2015
    March 2015
    November 2014
    July 2014
    May 2014
    September 2013
    May 2013

    Categories

    All
    Covid
    Mumbai
    Property Management
    Video Blog

    RSS Feed

 (c) 2023 PropertyAngel. All rights reserved. 
 Privacy Policy   ​
PropertyAngel is a leading property management company, headquartered in Bangalore. It is the most trusted property management company, that provides personalized tech-enabled services. 
CALL US: 91-7406484455 (also on whatsapp)
BANGALORE HEADQUARTERS:
PropertyAngel Management Pvt Ltd
570/571 16th A Main road,
Koramangala 3rd block,
Bangalore - 560034
India
www.propertyangel.in

Open Hours:
  • Monday-Saturday: 9:30am IST - 7:30pm IST
  • Sundays: 10:30am IST - 6:30pm IST

Useful links

  • The property Management Blog
  • How the Property Management Process works
  • How much do property managers charge every month? 
  • ​7 things to consider while selecting the Best Property Management Company
  • What does a Property Manager do?
  • Recommended format for Property Management Agreements
  • PropertyAngel Referral Benefits
  • How do I choose a good Property Manager? 
  • NRI property management services 
  • Zoho Case Study on Property Management & PropertyAngel award
  • Build a career in Property Management 
  • Rent a property managed by a property management firm. ​