Tenants
Tenant Selection
The most important part of property management is selecting a reliable tenant who will pay the rent on time and take care of the property. It is much better to select a good, reliable tenant the first time than to accept a marginal one and have problems later.
Tenant selection actually starts with property condition. A property with worn out carpeting and needing paint will simply not attract a top-flight tenant. Our experienced managers can help you budget wisely so only cost wise improvements are made.
Once an application is tendered a complete background check is a must. While some management firms rely on just a simple credit check our property management professionals perform a much more in depth analysis. We of course run a credit check, but we also research courthouse eviction records, perform a wanted fugitive search with the police,(on demand) verify the issuance of their social security number, contact their present landlord, and verify their employment and income.
After the above research is completed it is reviewed by a senior property manager who will discuss the finding with you and make a recommendation about whether to accept or reject the applicant.
Property Leasing & Renting Procedures
- Step one in renting your property upon hiring a property management company is to determine fair market rental value of your rental property. Our team of experts will research both properties currently for rent and those which were recently rented. Utilizing their vast experience they will help you determine the highest reasonable rental price for your property.
- Step two is attracting quality tenants who will take good care of your property and promptly pay the rent. We advertise on hundreds of Internet web sites, You can be assured we will quickly locate an A-1 tenant for your property. Also by listing the property through the multiple listing services we put our Property managers in Bangalore to work locating a tenant. In addition with our cooperative agreements, the ads for your property will appear on all other local Realtor’s websites and portals too.
- Step three is a careful background check of prospective tenants. Some firms only run a credit check. Our procedures go much further and include a check of the courthouse records for previous eviction suits, a wanted fugitive search, verification of their social security number, employment verification and previous rental history verification on demand of the owners.
Property Sales
Should the time come to sell your property we can supervise any necessary repairs to make the property look its best. We will research both currently available properties for sale as well as sales that have recently closed to enable you to set the highest reasonable price. We will aggressively market the property to secure a serious buyer and process the transaction to get you to a smooth closing.
When you are ready to invest in additional properties we can help you locate the best investments and negotiate favourable terms.
Tenancy management for Corporates
Managing tenancy agreements for employees who have been relocated to various destinations in the world is can be a cumbersome task, which can take a toll on the HR processes of a company. However, this is a necessary task as assignees may not be aware of the norms and regulations in the country they have been relocated to.
Solution On Rental Formalities
As a part of our expert tenancy management we help you as you reach out to your assignees on their rental formalities. From interactions with the trades people, the landlords, the servicemen, real estate agents, our managers at rentmybhk assist so that your employees do not face any kind of tenancy concerns in their new country.
Our tenant management services have been aligned in a manner to lessen your administrative burden to enable you to concentrate on strategic business needs of the company whilst being able to keep control and track property expenses.
When we provide corporate relocation services for your employees, we include:
negotiations on lease agreements
lease renewals
controls of dilapidation
interactions with trades people
consultations with cleaning services
discussions with the landlords
This way we offer optimum avenues for your employees to concentrate on a business assignment without being bothered by any kind of stress regarding managing their accommodation in a new country.
A broad look at our Tenancy Management Services:
Liaison between the assignee and the landlord
Managing payments and reducing overall assignment cost
Acting as an independent intermediary (as required) between the employee and respective landlord
Assistance through rentmybhk 24/7 support line
Handling all possible tenancy issues
Coordination with third-party agent’s eg. cleaners, decorators, and inventory clerks
Support at departure period by arranging for inventory check-outs and recovering security deposits
Maintenance
Property management and maintenance services may seem like two sides of the same coin. Even though they’re both essential for preserving and enhancing your property’s income and value, they are different disciplines. Whether you manage residential, student housing, or commercial properties, property maintenance services refer to activities involved in the upkeep of your property. Thus, it’s sometimes considered just a subset of overall property management activities.
Of course, property management also includes all of the tasks included in property operations, such as collecting rent, property marketing, accounting, and handling leases. While managing properties requires more than maintaining them, no property owner or manager wants to simply leave such a critical aspect of building management to chance. Take a moment to learn more about various aspects of building maintenance management, why it’s so important, and of course, how to handle it better and more efficiently.
are designed to ensure the safety and security of your property.
We will help you manage your tenant, collect rent, handle minor grievances and also ensure periodic inspection and reporting. Ideal for NRIs or people who are simply too busy to manage it.
Address:
A307 NW Nobel residency,Off Bannerghatta road Bangalore -570076
Mob: 9900002376
Email: info@rentmybhk.com