Rental Property Management in Bangalore
Bangalore, India's silicon valley and home of the Indian software and technology market, has seen steady growth in sales and new launches of housing properties. The low buyer sentiment has changed the game of the city's entire real estate market. According to top property management companies, residential property sales in Bangalore have increased by up to 40% in the last year. However, the developers and realty players of rental property management in Bangalore have faced challenges with reforms such as GST and demonetization. But most of these challenges have been addressed, and the industry is completely aligned.
Thus, if you're someone who bought a property in Bangalore and cannot sell it because of sentimental value?. You can rent it out. But, maintaining your property and following up with tenants and vendors, on the other hand, will not be easy. At PropertyAngel, we help you in rental property management in Bangalore. So you get the most out of your real estate investment. Following are some of the services PropertyAngel helps you with:
PropertyAngel’s Landlord Obligations
Being a landlord is a rewarding and profitable experience for many people, but it is not an easy task. Thus, at PropertyAngel, we take care of all the landlord responsibilities, property marketing tactics, and legal areas to help you find (and keep) a tenant. And manage your rental successfully. Here are some of the most crucial landlord obligations we follow:
Advertise your property for rent
As part of the rental property management in Bangalore, we write a rental ad, take photos of the interior and exterior, and market your property online.
Organize a rental open house or individual showings
PropertyAngel organizes an open house or makes appointments with prospective tenants. We also send appointment reminders to notify the current tenant in advance (if the property is not vacant).
Send out applications
We invite interested renters to apply online and in person. And then, we will evaluate if they meet your rental requirements.
Screening Tenants
PropertyAngel makes tenant screening easy — and at no cost to you. We do the following during the tenant screening process as part of our rental property management in Bangalore:
Accept or reject rental applications.
PropertyAngel follows all applicable fair housing laws and prohibits discrimination based on race, color, nationality, age, gender, familial status, and other factors.
Conduct a background check
It provides us with information about the applicant's rental and criminal history.
Check the applicant's credit.
We also conduct a credit check in addition to the background check.
Sign a lease contract with your tenant.
PropertyAngel completes leasing Documentation formalities as per law.
Protect your tenant’s rights
PropertyAngel understands your tenant's rights after they sign a lease agreement as part of the rental property management in Bangalore:
Notify your tenants properly
PropertyAngel makes sure to notify your tenant about things, including:
When we plan for inspection
If PropertyAngel plans to enter the premises for routine maintenance, an inspection, or repair a problem, we inform your tenant.
During eviction
Before an eviction, we deliver eviction notices to a tenant 30-60 days before, depending on state law.
If purchasing renters insurance
As part of the rental property management in Bangalore, PropertyAngel advises all tenants to purchase renters insurance by their move-in date if they wish to.
PropertyAngel's Property Maintenance Obligations
Maintaining your property benefits the tenant but also protects your investment. Property maintenance by PropertyAngel has the following benefits:
We perform routine maintenance.
As part of the rental property management in Bangalore, PropertyAngel ensures your property is habitable so your tenant can perform maintenance. We establish who’s responsible for what in the lease agreement. And use a maintenance checklist to track monthly, seasonal, and yearly tasks.
Take prompt action on emergency maintenance.
Following are some of the issues we handle right away:
Verify all hired personnel
As part of the rental property management in Bangalore, PropertyAngel hires a professional to handle tasks like electrical and plumbing. Thus, we ensure to supervise them when performing property maintenance. It includes:
PropertyAngel's Tenant Management Obligations
As part of the rental property management in Bangalore, we keep up with tenant requests and rental property maintenance issues, including:
We communicate with tenants regularly.
PropertyAngel ensures your tenants have no problem getting in touch with us. We answer all questions tenants have about property rules or gently push them to report minor issues. We believe communication and flexibility go a long way toward attracting and retaining quality tenants.
We respond to repair requests as soon as possible.
Promptly responding to repair requests is not only our obligation but also necessary for the long viability of your investment. PropertyAngel fixes minor issues early on to save money in the long run by preventing big problems.
We send rent reminders.
PropertyAngel sends a formal notice when the rent is due. These reminders are helpful to the tenant, but they also help us be clear and firm in your expectations. We have a 100% on-time rent disbursement record at PropertyAngel. We maintain a friendly relationship with your tenants and consider exceptional circumstances if required.
PropertyAngel's Rental Property Record Keeping Obligations
PropertyAngel keeps track of landlord documents. We securely store all documents and prefer keeping paper or digital backups. It helps us avoid any liabilities and stay organized during tax season.
We keep proof of property and landlord insurance on file.
These insurance documents help protect your rental property from accidents and sudden loss due to a fire or severe weather. And help us protect your financial assets during liability claims. In addition to your standard homeowner's insurance, we recommend you have landlord insurance.
We keep a copy of all rental applications.
PropertyAngel retains a copy of all applications (accepted or denied) for at least XX years as part of the rental property management in Bangalore. They are helpful when dealing with issues like:
We securely store all rental lease agreements.
PropertyAngel keeps a copy of rental lease agreements to:
We keep a record of rent receipts.
PropertyAngel keeps a copy of rent receipts to:
We document your rental walkthrough checklists.
During move-in and move-out, PropertyAngel inspects the property with the tenant and uses a walkthrough checklist to document the rental's condition. We make a copy for ourselves and the tenant to account for any new damage when they move out and return the security deposit.
PropertyAngel's Rental Property Accounting Obligations
As part of the rental property management in Bangalore, PropertyAngel handles all financial details related to your property. Our rental property bookkeeping includes:
We collect rent
PropertyAngel collects rents from the tenants on time. Besides, we also:
We manage security deposits.
We handle security deposits to cover any damage or issues noted on a tenant's move-out checklist.
We file your taxes and reporting expenses.
As part of the rental property management in Bangalore, PropertyAngel hires accountants to help maximize your tax deductions and report your expenses. We file additional tax forms if you have more than one rental property.
These are some of the basics PropertyAngel follows to manage your rental property. Visit our website to know more about our services.
Bangalore, India's silicon valley and home of the Indian software and technology market, has seen steady growth in sales and new launches of housing properties. The low buyer sentiment has changed the game of the city's entire real estate market. According to top property management companies, residential property sales in Bangalore have increased by up to 40% in the last year. However, the developers and realty players of rental property management in Bangalore have faced challenges with reforms such as GST and demonetization. But most of these challenges have been addressed, and the industry is completely aligned.
Thus, if you're someone who bought a property in Bangalore and cannot sell it because of sentimental value?. You can rent it out. But, maintaining your property and following up with tenants and vendors, on the other hand, will not be easy. At PropertyAngel, we help you in rental property management in Bangalore. So you get the most out of your real estate investment. Following are some of the services PropertyAngel helps you with:
PropertyAngel’s Landlord Obligations
Being a landlord is a rewarding and profitable experience for many people, but it is not an easy task. Thus, at PropertyAngel, we take care of all the landlord responsibilities, property marketing tactics, and legal areas to help you find (and keep) a tenant. And manage your rental successfully. Here are some of the most crucial landlord obligations we follow:
Advertise your property for rent
As part of the rental property management in Bangalore, we write a rental ad, take photos of the interior and exterior, and market your property online.
Organize a rental open house or individual showings
PropertyAngel organizes an open house or makes appointments with prospective tenants. We also send appointment reminders to notify the current tenant in advance (if the property is not vacant).
Send out applications
We invite interested renters to apply online and in person. And then, we will evaluate if they meet your rental requirements.
Screening Tenants
PropertyAngel makes tenant screening easy — and at no cost to you. We do the following during the tenant screening process as part of our rental property management in Bangalore:
Accept or reject rental applications.
PropertyAngel follows all applicable fair housing laws and prohibits discrimination based on race, color, nationality, age, gender, familial status, and other factors.
Conduct a background check
It provides us with information about the applicant's rental and criminal history.
Check the applicant's credit.
We also conduct a credit check in addition to the background check.
Sign a lease contract with your tenant.
PropertyAngel completes leasing Documentation formalities as per law.
Protect your tenant’s rights
PropertyAngel understands your tenant's rights after they sign a lease agreement as part of the rental property management in Bangalore:
- Fair housing laws
- State-specific tenant laws
- Landlord repair obligations
Notify your tenants properly
PropertyAngel makes sure to notify your tenant about things, including:
When we plan for inspection
If PropertyAngel plans to enter the premises for routine maintenance, an inspection, or repair a problem, we inform your tenant.
During eviction
Before an eviction, we deliver eviction notices to a tenant 30-60 days before, depending on state law.
If purchasing renters insurance
As part of the rental property management in Bangalore, PropertyAngel advises all tenants to purchase renters insurance by their move-in date if they wish to.
PropertyAngel's Property Maintenance Obligations
Maintaining your property benefits the tenant but also protects your investment. Property maintenance by PropertyAngel has the following benefits:
We perform routine maintenance.
As part of the rental property management in Bangalore, PropertyAngel ensures your property is habitable so your tenant can perform maintenance. We establish who’s responsible for what in the lease agreement. And use a maintenance checklist to track monthly, seasonal, and yearly tasks.
Take prompt action on emergency maintenance.
Following are some of the issues we handle right away:
- The smell of gas or gas leak
- Broken heater or furnace
- Electrical issues
- Clogged sewer lines
- Water leaks
Verify all hired personnel
As part of the rental property management in Bangalore, PropertyAngel hires a professional to handle tasks like electrical and plumbing. Thus, we ensure to supervise them when performing property maintenance. It includes:
- Vendors
- Contractors
- Maintenance workers
- Electricians
- Inspectors
- Plumbers
PropertyAngel's Tenant Management Obligations
As part of the rental property management in Bangalore, we keep up with tenant requests and rental property maintenance issues, including:
We communicate with tenants regularly.
PropertyAngel ensures your tenants have no problem getting in touch with us. We answer all questions tenants have about property rules or gently push them to report minor issues. We believe communication and flexibility go a long way toward attracting and retaining quality tenants.
We respond to repair requests as soon as possible.
Promptly responding to repair requests is not only our obligation but also necessary for the long viability of your investment. PropertyAngel fixes minor issues early on to save money in the long run by preventing big problems.
We send rent reminders.
PropertyAngel sends a formal notice when the rent is due. These reminders are helpful to the tenant, but they also help us be clear and firm in your expectations. We have a 100% on-time rent disbursement record at PropertyAngel. We maintain a friendly relationship with your tenants and consider exceptional circumstances if required.
PropertyAngel's Rental Property Record Keeping Obligations
PropertyAngel keeps track of landlord documents. We securely store all documents and prefer keeping paper or digital backups. It helps us avoid any liabilities and stay organized during tax season.
We keep proof of property and landlord insurance on file.
These insurance documents help protect your rental property from accidents and sudden loss due to a fire or severe weather. And help us protect your financial assets during liability claims. In addition to your standard homeowner's insurance, we recommend you have landlord insurance.
We keep a copy of all rental applications.
PropertyAngel retains a copy of all applications (accepted or denied) for at least XX years as part of the rental property management in Bangalore. They are helpful when dealing with issues like:
- If an applicant files a claim for discrimination
- If there’s a tenant emergency
We securely store all rental lease agreements.
PropertyAngel keeps a copy of rental lease agreements to:
- Protect the landlord from further liability.
- Prevent confusion about the property's terms and rules.
- Ensure the landlord and the tenant are both aware of their responsibilities.
- Protect the tenant's rights.
- File an eviction petition properly.
We keep a record of rent receipts.
PropertyAngel keeps a copy of rent receipts to:
- Show payment proof.
- Simplify the bookkeeping for your rental property.
- Help reduce payment disputes.
We document your rental walkthrough checklists.
During move-in and move-out, PropertyAngel inspects the property with the tenant and uses a walkthrough checklist to document the rental's condition. We make a copy for ourselves and the tenant to account for any new damage when they move out and return the security deposit.
PropertyAngel's Rental Property Accounting Obligations
As part of the rental property management in Bangalore, PropertyAngel handles all financial details related to your property. Our rental property bookkeeping includes:
We collect rent
PropertyAngel collects rents from the tenants on time. Besides, we also:
- Raise the rent by a reasonable amount each year if your lease allows it.
- Collect late rent payments and enforce late fees.
We manage security deposits.
We handle security deposits to cover any damage or issues noted on a tenant's move-out checklist.
We file your taxes and reporting expenses.
As part of the rental property management in Bangalore, PropertyAngel hires accountants to help maximize your tax deductions and report your expenses. We file additional tax forms if you have more than one rental property.
These are some of the basics PropertyAngel follows to manage your rental property. Visit our website to know more about our services.