Owning a property in India is a very lucrative investment. With the real estate prices continually rising, your house is a sound investment whose value will only increase. But while you own the home and don’t live in it, it is also an opportunity for a passive income, by way of rent. one issue that plagues most landlords who own property in Bangalore, is vacancy. Long periods of time without tenants, and without any income.
Here are 3 ways how a property management company solves this dilemma:
1. Finds you tenants quickly through their network
Property management companies know how to find tenants fast. They have their channels of advertising and marketing, tie ups with listing portals, and other sources of promoting. They ensure your house does not remain vacant for long by quickly raising awareness and bringing in prospective tenants to sign a lease even before the previous tenants move out.
2. Finds you verified tenants
Just finding tenants quickly isn’t, what’s more important is finding verified tenants. Good tenants do not create a problem and tent to stay longer, making the problem of vacancy go away in the process. A property management company will perform a background check and collect all required proof and identification to make sure only the best tenants occupy your property.
3. Keep tenants happy through exceptional service
A property management company will take care of all your tenants’ requirements, by being actively available. The take carry of periodic maintenance and repairs, ad hoc requirements of tenants, rent collection, etc. By being proactive, reactive and available to tenants’ needs, a property management company increases their stay time and thus reduces the chances of vacancy.
A property management company performs a host of services to enhance, safeguard and monetize your property in Bangalore. But the most important of these is minimizing vacancy time, thus giving you the best chance of continued income. Learn more about what property management companies do here: https://propadis.com/india-owners-hiring-property-management-companies/