Why should you hire a property management services?

For those who own and manage a rental income property, the responsibility of managing the tasks associated with it can get overwhelming after a time. It may involve spending several hours on end to sort things out and put things in their place. 

Property management requires investment of time and effort. It may not be practically possible for someone to get into the nitty gritty of property management especially if he has a full time employment or is about to travel abroad for business reasons. Additionally, people often purchase a second apartment and rent out the first in which case they may be living elsewhere from the previous area of residence. In such cases too, it is not practically possible for someone to be available just anytime to tend to the needs of the apartments. In such situations, it is pretty much recommended to hire the services of a property management services.    

But there is a need to consider the pros and cons before you decide to hire the services. It would also be good to understand when exactly to hire and then find a service who meets your needs. There are some general suggestions that would be worthwhile to remember when deciding in favor a property management service:  

Property management services Bangalore

1. Someone who is new to the rental property management will find himself dealing with things that sometimes make him scratch his head. It might sound as easy as just renting out the property and collecting rent on month ends. But there is the property management to do. The maintenance of property is an important part of the renting business. Someone new to the job may find himself in a soup if he is not mentally prepared or not managing the property full time. That would require hiring the services of property management service.     
2. Physically checking on the property from time to time is important. The tenants should not feel that they have rented a property that has no owners. If your business/office is located near to the property, checking in on the property every once in a while is feasible. But in a city like Bengaluru that is expanding by the day, it is quite likely that one doesn’t live in close proximity to the rental property. In such cases, hiring a service makes sense. The service you hire should be from in and around that area so they have the requisite knowledge of the same and can help you with invaluable advice.
3. Does the property need constant repairs and visits? If the property is a veritable money guzzling investment, it may require someone to spend considerable time getting the repairs done. If you own quite a good number of properties, hiring the services of property management service will take the load off your back and make monetary sense too.    

property management service

Before you hire the management service or manager, do the due diligence. Check for their reputation and other factors such as the number of years of service and the quality and goodwill earned. If you can hire someone you find trustworthy, you will be able to be relatively tension-free and also have free time to devote to your expansion plans. 

Now, that you have decided to hire a property management service, consider speaking to SANGAU. They have been in the business for nine years now. Based in Bengaluru, they have been managing properties in the metro, leading to accumulation of expertise that you can fall back on. Professionals not only know how to deal with situations and people, they also have the required experience and knowledge base that comes in handy when renting properties. 

Visit www.sangau.com for more details.

Email: enquiry@sangau.com

Call: +91 7816 988 988 / +91 78997 48170

Property Management – the Boon to Real Estate

Property Management Bangalore

What is Property Management?

For those of you who do not know what property management is, here is a simple definition:

Property Management is the process by which property owned by an individual including the fittings and fixtures, equipment, tools and other associated assets are managed. The Property Manager will oversee the control and operation of the property, including repair and maintenance of the same. 

Property Management is an ideal scheme for those landlords who do not have the time to manage all matters related to renting out his/her property. It also serves those who are looking out for renting a villa/apartment by offering good properties to view, shortlist and rent; takes care of all documentation and legal formalities, and so on.

Benefits for Owners/ Landlords

The Property Manager or agency will take care of renting or leasing out the property to good tenants and will also undertake all matters related to the maintenance, repair and overseeing of the place. This is very convenient and hassle-free and also increases the rate of tenant retention.

They also undertake duties such as 

• Screening the prospective tenants
• Ensuring the implementation of all legal requisites involved in renting or lease contracting the property. 
• Maintenance of all equipment, fittings, furniture and other fixtures, within a specified budget.
• Maintaining all documents and records that are required for legal as well as taxation requirements. 

SANGAU Property Management Bangalore & Rental offers exemplary benefits to property owners. These include:

• Regardless of the fact that the property is rented out or not, the firm will oversee the maintenance of the same.
• The tenants will be screened and only the right tenants who meet the owner’s approval are processed further.
• Ensures that the property is quickly rented out.
• Has in-depth knowledge of all legal and tax requirements and will take care of the same.

Benefits for Tenants

Facing any trouble during your tenancy? You don’t have to break a sweat since the property management agency takes care of it all. Not just the owners, but the tenants also benefit from availing a rented house from a reliable property management company. 

Property management companies like SANGAU Property Management and Rental, offer exciting benefits like

• Zero brokerage fee
• Zero documentation charges
• Zero service charges on maintenance
• Free property viewing, etc. 

This reduces the overall costs which is otherwise incurred by a tenant and also saves a lot of time and effort from their end. 

Visit www.sangau.com for more details.

Email: enquiry@sangau.com

Call: +91 7816 988 988 / +91 78997 48170

How to retain existing tenants

A vacant property cost money. It is not just the rental income that goes for a toss, there are additional expenses that a owner has to incur. The property has to be advertised and maintained while it is still unoccupied. There are other expenses such as property taxes that need to be paid adding to the cost. When there is no income, these expenses seem like a burden. 

The intent however was to earn income. If the property has been lying vacant after its purchase or if there’s a tenant who is planning to move out, you are faced with the question of how soon the next occupant can be found. But there’s another option. What if the quality tenant can be retained? 

A few action-ables will help reduce the empty periods. 

Retain the tenant if possible. 

Tenant management in Bangalore

If the property is currently occupied by a tenant who has been great in all respects, it would be a good idea to try and retain them. But as people progress in life, they start planning to buy a house instead of continuing to rent. In such a case, you should start thinking of the next move. But if tenant is still on the fence, it makes a lot of sense for you to do what you can, within reason, to retain them. 

Instead of waiting for the tenant to issue a notice, it is better to do some proactive thinking to retain them. In an effort to retain them it is better to conduct a survey asking a simple question:  What can we do to keep you as a tenant? While it is possible that they may ask you to reduce the rent but you will have definitive responses for that? However, if they ask you to fix something that is wrong or if they ask you to repaint a room or make small changes, it should not be a big deal. Now that you know exactly what will hold them back, it should occur to you that fixing those small things or meeting those requests in most cases will cost less than a vacancy and prep for a new renter.  

Did it occur to you that offering rental incentives to quality tenants to keep them around is one way to reduce the chance of having a vacant property? It could be painting rooms and even making minor repairs that mean something to the tenant. Tenants appreciate living space that is up to date and doesn’t show signs of a lot of wear and tear. 

Use Existing Tenants as a Marketing Tool

Tenant management in Bangalore

Referrals can be a valuable marketing tool. Why not use your current tenants to draw in potential tenants? While offering incentives to retain existing tenants, you can also reward tenants who bring in new renters financially or otherwise. A good landlord offers a quality property and timely response to tenants requests, which in turn ensures that if he asks them to refer the property to others, it would not be a problem to them. Since they like you as a landlord, they will appreciate the idea that you trust them to do something for them. Additionally, they will appreciate the reward. 

The tenant already knows the kind of tenant you are looking for. The condition for the tenant to receive the reward will have to be stipulated. The duration of the lease the prospective renters will need to sign, how long they’ll have to actually be in the property before you reward the incentives, etc.

The easiest “sale” to make is to an existing client. The other way is to use a referral. They can help you as a property owner or as a management company to extend your average length of occupancy and in the end, add more moolah in your pocket! 

The above ideas and more can be had from property management service providers such as SANGAU. They not only provide assistance with day to day property management, but also provide helpful suggestions. Their insight into rental property issues can be handy for someone looking for new tenants. 

Visit www.sangau.com for more details.

Email: enquiry@sangau.com

Call: +91 7816 988 988 / +91 78997 48170

Important Tips to Locate Apartment for Rent in Bangalore

Bangalore is the Silicon Valley of India and many people love to live in this city. But how to find the best Apartment for rent in Bangalore? This is the question you might want to ask. You must realize that what a daunting task is it to locate such a place to rent and live in. There is a possibility of several unfulfilled promises coming under notice made by the home property owner. And the tenants will suffer. 

Thus if you are hunting for House for rent in Bangalore, then you need to be aware of different things such as the local area and amenities, house condition, price, etc. Thus we have put together some important points to help you in finding the right deal. 

Apartment for rent in Bangalore- A few key considerations to check- 

Financial plan- NO matter if you want to rent a 1BHK, 2BHK, 3BHK, or 4BHK house or apartment for accommodation, make sure about your budget. Accordingly, you will find the right and best property in that range.

House for rent in Bangalore

House location- This is yet another important factor. You must ensure the nearby locality and its safety before moving. Different people have different requirements. For instance, working individuals should go with a location that is easy to handle when it comes to travel and general expenses. You should choose a location that best suits your basic needs as well. 

Basic amenities- When we talk about an apartment for rent, the owner promises different amenities such as a swimming pool, clubhouse, and gym, to name a few. Perhaps, some of them are not functional at the time of possession. So it is better to thoroughly check all the amenities in the property that the owner is willing to provide you. This will help you find the right House for rent in Bangalore. 

Rental agreement- It is one of the most crucial points. It is a legal contract between the landlord and the tenant that ensures you can occupy a house for a predefined period. You must read it thoroughly and check for any clauses that you don’t agree with. Also, discuss with the property owner regarding it to clear all the issues too as once you have signed it and moved in, then you cannot change anything. So you must check it carefully before deciding on it. 

Apartment for rent in Bangalore

A furnished or unfurnished Apartment for rent in Bangalore-

Most often people get confused about this point. A furnished apartment comes with all the furniture, appliances and amenities, but costs a lot of money. But it may suit someone’s need. On the other hand, an unfurnished apartment gives you a chance to choose the furniture and appliances as per your wish. It is cost-effective and meets your budget range. 

When it comes to finding a house or apartment for rent, you can find them online. However, going through this process and finding a rented house is a time-consuming task. This is where you can hire a professional property manager. They present the house and apartment in a well-organized manner with property specifications, fixtures and fittings, amenities, photographs, and detailed information of the surroundings. Using the map functionality tenant can locate various points of interest nearby the property. Even they don’t take broker fees.

Looking for an Apartment for rent in Bangalore? You can visit www.sangau.com