What is Property Management ?
PROPERTY MANAGEMENT typically involves the managing of property that is owned by another party or entity.The property manager acts on behalf of the owner and is responsible for maintaining the property,securing tenants,collecting rent & deposits,paying all taxes & utilities like property tax,water tax,electricity bills etc.
For their services the property managers are paid a fee or a percentage of the rent brought in for the property while under management.
Why Property Management?
If you lack the time or expertise needed for day-to-day management of your commercial or residential real estate investments, an expert property manager can help you make a big difference in your investment success.
A property management company can help you:
- Market your rental property to minimize vacancies and maximize income because they know the rental market, what comparable properties are renting for, and what potential renters are willing to pay for a rental property.
- Maintain and keep your rental property in good condition Property managers handle and coordinate routine repairs as well as emergency repairs. They have the experience to avoid unnecessary repairs to save you money.
- Negotiate rental agreements.
- Collect rent and tenant deposits.
- Comply with association rules & regulations,pay all taxes and utilities.
- Respond to tenant requests and deal with tenant’s problems.
What type of properties?
BUNGALOWS, APARTMENTS, VILLAS, PENTHOUSES, STUDIOS, FARMHOUSES, RETAIL, OFFICES, BUILT TO SUIT, IT SPACES
How is rent collected ?
We make every effort to ensure your rents are received on time as per the lease agreement.. The rent is credited directly into the owners account through ECS clearing or cheques received from tenants by way of PDCs are directly deposited into the owners bank account.
What is the agreement time duration for property management?
The property management agreement is valid for 12 months. A new ageemnent may be signed on renewal.
How do you handle maintenance requests?
Residents may phone or mail their requests to us, and they can request maintenance online at our website. After we receive a repair request, we may contact the resident and ask them questions, which will help us determine the exact nature of the problem before sending a service technician. If the resident has a legitimate problem, we will schedule the repair. Most repairs are scheduled within one business day.
Do you handle problems late at night and during weekends?
Yes. Residents can contact us 24 hours a day and 7 days a week to respond to emergencies. We will then talk with the resident to determine how to proceed. Many times we can solve the problem over the phone, saving you the cost of an emergency trip charge.
How does the property owner get updates on his property?
Periodical updates regarding the status of his/her property will be mailed on a quarterly basis.
Will the owner be informed about any repairs or maintenance?
Yes. Quotes for the same will be mailed to owners and shall be undertaken only after approval for the same.
All taxes,utilities ,repairs etc will be borne by the owner on actual.
What are Our charges?
Normally we charge Rs.10/sft* per annum.
(*May vary depending on distance & size of the property)