PROPERTY RENTING

Finding Tenants for your rental property is part of Property Management Services. This service is available only for clients who are availing of our property management services in Chennai, India. Renting out is easy. But, renting to a qualified tenant is much harder. In our qualification process, we take several measures to ensure that the applicant is a good quality tenant.

First, the Property will be inspected and market rental values will be suggested before looking for tenants. Potential tenants will be searched through paper advertisements and online advertisements. This includes advertisement in Real Estate portals and social media marketing. A credit check will be performed on the potential tenant. The rental Lease agreement will be drafted and the agreement between the owner and tenant will be finalized and signed.

• The Property will be inspected and an assessment made
• Market rental values suggested to the Home Owner
• Smart Advertising
• Advertise in local and online sources
• Advertise on our company website
• Postings on our Company Social Media pages
• Potential tenants will be searched
• The property will be shown to Potential tenants
• A standard Background check will be performed on potential tenants
• Advanced Background checks from 3rd party can be performed at additional rates
• The rental Lease agreement will be drafted and sent to Homeowner
• The Rental Draft will be finalized
• Deposit / Advance Amount will be received from the Tenant
• The agreement signed by both Tenant and Home Owner
• Tenant particulars are provided to Local Law enforcement as per law
• The tenant occupies the flat

TOP ADVANTAGES OF USING PROPERTY MANAGEMENT FOR RENTAL PROPERTY
DETERMINE THE CORRECT RENTAL RATE

A good property management company will first inspect the property and conduct a thorough market study in order to set a rental price for your property. This helps you achieve the balance between getting a steady monthly income and maintaining a low vacancy rate. This can be achieved by looking through the advertisements posted online and in local classifieds to see what the other landlords are charging for similar properties. This is a very good way to ballpark your rent price.

PROPERTY MARKETING AND ADVERTISING

A Property Management Company through long experience will know exactly where to market your property. They will use all resources including online and media. This will be a significant advantage when it comes to filling your rental property quickly and avoiding long vacancies.

FINDING THE CORRECT TENANTS

Finding tenants is easy. But, finding the right tenant is tough. Experienced property managers are experts at finding good tenants, and will take care of all the details, including background checks, verifying employment, and collecting previous landlord references.

RENT COLLECTING AND DEPOSITING PAYMENTS ON TIME

If you have ever let property for rent, you will know that sometimes securing payment from tenants can be difficult. Property management companies have efficient systems in place to effectively collect rent and maintain on-time payments. Collecting payments on time is very crucial to maintaining your cash flow. You will find this particularly important if you have more than one property.

MANAGING TENANTS

A property management company will manage all areas of the tenant-landlord relationship in addition to finding good tenants. The property manager will handle routine and emergency maintenance. They will also take care of routine inspections and will manage any situations where any resolution is required.

MANAGING RELATIONSHIPS

Property management companies will have good relationships with maintenance workers, contractors, and suppliers. Hence, Property Management Company will get you the best work for the best price. Independent landlords cannot do the same. They will also oversee any necessary maintenance or contract projects.

ENSURING PAYMENT OF ALL PROPERTY DUES

There are many taxes and dues that have to be paid if a property is owned. There might be many applicable taxes and regulations to abide by when renting and maintaining your rental property depending on where the property is located. Property Management company can help you keep your property up to date in this aspect.

MAXIMIZE THE USE OF YOUR TIME

You are free to spend your time on other activities by having Property Management Company take care of the day-to-day aspects of running your income property.

MAXIMUM PROFIT FOR YOUR MONEY

The property management usually charges a percentage of your property’s monthly rental rate in exchange for their services. The rate typically runs anywhere from 6-10%. When you compare this amount by hiring professionals individually to take care of your property, you will notice this amount is generally less.

FLEXIBILITY TO INVEST IN ANY LOCATIONS

By hiring a property management company, you can take advantage of investment deals in any location you wish. If you manage your own properties, you are limited to investment opportunities within a certain distance of your own home. This is one of the biggest advantages of hiring a Property Management Company.

Tags: property rental management company in chennai, india. rental management service company | residental property management services.