If you are a NRI and always worry about how you manage your property, perform regular maintenance work, how to search for the tenant and many other issues.
Then there is solution of your worry.
Property Management services to take care of all aspects, while you are abroad.
Let me tell you some benefits related to it :
- Complete property management solutions
- Seamless Monthly Income
- Regular Property Audit
- No Rent default Assurance
- Tenant Verification and property agreement
- Professional and timely maintenance
- Tenant Move-in & Move-out management
- Monitoring of rent payment
- Access to tenant profiles
- Access to property maintenance reports
Now in India many Property management company are there who takes care of all the effort, time and stress involved in managing one’s property. It nulls out the drawback of distance for NRIs owning properties in India. With a property management company you manage your property virtually from the comfort of your house.
They are backed by experienced professionals to provide you with best opinion, genuine advice and provide detailed analysis on the property. They offer various services in the core areas of property consulting, verification, valuations/appraisals of the proposed property, future development of the property along with the surroundings i.e. upcoming government plans & projects, Competitive analysis of the property and legal advice on land registrations.
- Buying/Selling Assistance
Buying or selling a property involves a big stake, thus it’s necessary to be little cautious and get all the documents cross checked. Property management services ensure that your investments are maintained and always ready to be monetized in the best way available. Hence, They take the hassle out of your property documents by doing all the running around themselves, thereby reducing your stress. Also help you through every stage of the property buying process, including finding a property within your price range, organizing finance, reports and searches, convincing and in some cases, even helping to connect your utilities. They physically check your property and verify its existence through various ways, get legal advice and also physically assist you through your property deal. Also, offer assistance in getting encumbrance.
- Repair and Maintenance
repairs and maintenance service includes coordinating the work, obtaining necessary permission from society/builder, giving you estimates of the repair work from qualified service providers, supervising the repairs and maintenance work, providing you proofs of work performed, purchasing necessary material required for the repairs and maintenance on your behalf, and so on. They help you out at every stage of work and coordinate with the different authorities on your behalf.
- Utility Bill Payments
Most of the NRIs generally invest in property in India, but they don’t have much time to look after it. Also, enjoy your holidays when you come to India as property management services will take care of all your bill payments like water bill, electricity bill, society charges, internet connection and so on. They do all the required work and clear all your payments on-time. Also, remind you of your payment due-dates and clear long pending dues.
- Statutory Payments
Municipal taxes, property taxes and various other statutory payments need to be paid if you have a property in India. Thus, they will take care of it by paying all your payments and dues.
- Property Monitoring
Having your own property is a blessing but it needs supervision and protection, especially if it’s vacant. No matter whether it’s your vacant house or an investment property .They will look after all its requirements. They also ensure that your house is cleaned and ready with all amenities when you visit India on holidays. Also, arrange driver and housemaid if necessary.
- Assistance for Rental Agreement
Do you have a property in India, which you want to lend on rent? Then, they can assist you in drafting your rental agreement. They act as a bridge between you and tenant. Also, gets your agreement ready, customized to suit your needs. In the end, also seek legal advice for its final enclosure.
- Tenant Management
If you have rented a property in India, you need an expert to manage it. Thus, they offer you a helping hand by supervising your property; collects rent, deposit it to you as per your requirements, and make a checklist of all the items. Also, carries inspection from time to time and make an exit inspection, when the tenant is moving out to ensure everything is maintained as before.
“NRI investors should avoid projects by unknown developers. Numerous buyers have fallen into difficulty, by putting their funds in projects that lacked mandatory clearances and fell short of even the minimum standards of quality. Unless an NRI plans to visit India and evaluate projects, s/he should opt only for reputed developers. In all cases, NRIs should strictly verify points, such as the track record and brand visibility of the developer, the social and civic infrastructure available in the location, the amenities in the project and the timelines for possession, in the case of under-construction projects,”