Acomplete guide of property

1
A complete guide to property management
services The real estate market is much
unorganized in India. The presence of large
number of local players has limited the scope of
property management service in India. However,
growth in the property market in recent times
has attracted lot of NRIs to invest in
Indian properties. Since, they will not be
available most of the times they will need the
services of a property manager to look after the
property. It is just a matter of time when
property management services will gain traction
in the market.
The property management services will help
in the maintenance of property. It has been
seen that a well maintained and managed house
gets higher resale value. They conduct a thorough
analysis of the interiors and exteriors of
the house and recommend repairs and
improvements to be needed to maximize the
return on investment. They study the property
rate and monthly rentals prevailing in the market
to suggest an optimum resale value for selling
the property or rent value. They depend upon the
size and type of property as well as location. In
case of renting, they provide all the help needed
to get a good renter. They work towards
increasing the appeal of the house and get the
vacancy advertised.
It becomes their responsibility to handle calls
from the prospects and show them the flat for
inspection and negotiate the rent and security
deposits. On finalizing the deal, they will
take care of getting the tenants background
checked, prepare legally compliant agreement
and manage the rent collection every month.
They will be always available to resolve any
issues of the tenant without disturbing the
owner. They will handle complicated tenants if
such people have been put up on rent will take
legal recourse and get them evicted from the
house.
2
When the owner is residing in any other country
or city, the property managers take care of any
legal complication that might arise and
get them resolved. Protection of the
property from illegal encroachment and
deliberate possession is very necessary. They are
the representative of the property in the eyes of
law. In case of large residential complex
and housing apartments, they provide a lot
of services which includes maintenance and
repair of the property for safety
and protection, garbage disposal,
housekeeping, premise cleaning, maintenance of
garden, swimming pool, playground and all other
basic facilities such as parking, security,
electrical works, lift maintenance etc.
They also help to conduct meetings among
the residents, manage events and functions
and organize festivals and celebrations. They
also represent the housing society in court in
case of any legal issues.