Owning a property is absolutely amazing, but managing them properly can be difficult for many people owing to various reasons. No matter the kind of property, you should focus on its management else different issues you may face such as difficult tenants and the condition will worsen. In both cases, you will have a loss. This is why hiring a team for Property Management in Bangalore is worth the investment.
Who are the candidates for Property Management Services in Bangalore? Especially, if you are not living in Bangalore or don’t live near your property, then using Property Management Services is a smart choice. When you invest in a property, the basic things are the property's condition and tenancy management. This is where a professional Management service can play a key role. Many people there don’t have time to spend managing their various properties. Especially, when you have multiple properties you must seek the help of a property manager to take care of them. They will handle all the responsibilities effectively to meet your expectations and keep your property safe. Property managers have years of experience in the field of management and are aware of all the laws. They know how to deal with tenants precisely. Rest assured that they will keep the property in the best possible condition. You just need to hire a well-established and reputable team for this job. Great Advantages of NRI Property Management in Bangalore- Most often people wonder if hiring property management services is highly expensive and it can lower the profits they can get by renting. In fact, these services offer an affordable service. But, they will take of everything and you won’t need to bother about anything. Professional services have a policy of No Broker fees for a tenant change or Rent Agreement renewal. They don’t take any hidden charges. Different plans are there to choose from and get the best deal. From man management, relationships with the occupants, to repairing issues and so on- these tasks need time and effort. You may not have time. Here property management service will ensure your peace. Finding good tenants who pay on time and don’t create any issues requires a systematic screening process. This can be handled properly by specialized property management companies. For the best Property Management in Bangalore, you can visit www.sangau.com. Owners can choose from BASIC and PREMIUM Property Management plans which are the management and maintenance of the property with or without Rent Management.
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Bangalore is a hot property market in India. Each year, several thousand flock to the city either for education or job purposes from all over the country. They need accommodation. While students either reside in college accommodations, and sometime as Paying Guests, working professional prefer to rent. Those who are looking for a rented accommodation approach real estate agents.
On the other side are the home owners. They too approach the real estate agents to look for a tenant. The real estate agent forms the common platform between the two. There are property managers or property management companies that perform a similar function. Before choosing a best property management company there is certain conditions that should be looked into so as to ascertain whether the manager will be able to deliver or not. Queries should be directed either to him or to the management and the responses evaluated before making a decision. While the property owner too must be looking to fill the vacancy as fast as possible, the tenant too needs an accommodation at the earliest. Hence, the property manager or management should endeavor to fulfill the needs of the tenant in the best possible manner. It is in the interest of his business too. The better his reputation, the more the chances of increasing the business. There are some questions that the tenant needs to pose the property manager before hiring his services.
Email: [email protected] Call: +91 7816 988 988 / +91 78997 48170 There is a two-party relationship between the tenants and landlords. There are some rights and obligations of both parties. Rights and responsibilities are of two types. Non-statutory rights obligations are under universal law, whereas statutory rights and obligations are under specific laws related to rent and lease. A property management and rental company, such as SANGAU can help the owner with management and maintenance of their property as well as manage rentals for them. Below, we will discuss the right and duties of tenants.
Obligation to pay rent The prime objective of the landlords is to earn money from the rental properties. And it's a primary duty of the tenant to pay the rent regularly. If it is agreed in the lease agreement to pay the rent on the first date of every month, then the tenant must pay it within the due date. Right to receive security deposit Tenants pay a security deposit at the start of the tenancy agreement. It is an interest free refundable amount when all the conditions of tenancy are fulfilled by the tenant. So, if the tenant had paid the rent on time, maintained the property well and he didn't breach any terms of the rent agreement, then he must receive the security deposit at the end of the tenancy period. Duty to take care of the property The rental properties should be used for legal purposes, and tenants should take care of that property. It is the obligation of tenants to
Duty to comply with the lease agreement Professional companies like SANGAU property management and rentals Bangalore prefer to sign a lease agreement. They manage a fully furnished house, semi-furnished house and apartment for rent in Bangalore. The tenants are required to comply with all of those terms and conditions. Following are the lease agreement clauses that all the tenant should pay attention to
Utility payment There are some additional charges that tenants are required to pay eg, to Resident Owners Association on a monthly basis for utilizing common amenities and cost incurred for the upkeep of the property. Utility charges, such as for electricity, water, gas, telephone and internet are paid by the tenants monthly to the respective government offices and utility companies. Rights of tenants
Early lease agreement cancellation Tenants have right to terminate a rent agreement by providing adequate time as per the notice period stated in the agreement. Those are the statutory rights awarded by the laws and regulations. Similarly the landlord also has a right to terminate the lease agreement by giving time as per the notice period in a rental agreement. Normally a notice period for termination of a rent agreement is about 30 days or 60 days as is documented and agreed upon by the Tenant and Owner. The tenant should vacate the property on or before the expiry of a notice period. However, this notice period is not awarded in case of an eviction notice with a cause. Conclusion Tenants should pay attention to their rights and obligations. If they want a good and long term relationship with their landlord or their property management and rental company, like SANGAU, then it would be beneficial for them to act accordingly. Laws dictate the rights and obligations of the tenant and landlord. Other than that, there can be vocal agreements between the two parties. Disputes may arise between the two which may require taking the help of law to resolve.
A lease agreement is signed between two parties where one party agrees to occupy a property owned by another for a specified duration of time (11 months) for which he will pay an agreed upon amount of money as rent. The rented property must meet certain minimum standards. There are also minimum legal standards for the property’s structural condition, ventilation, lighting and fire safety. Apart from the above, there are set rules for waste disposal and electricity use. Responsibility of enforcing the rules rests with the owner of the property. The tenant has to maintain the property at the minimum standards set by the local laws, just as it did at the beginning of the tenancy and throughout it. Any deficiency or deterioration if suffered should be brought to the notice of the landlord. It is good to take pictures at the beginning of the property which can be produced as evidence later when the degradation happens. At the very outset, both parties should communicate their expectations and understand each other’s duties and responsibilities. Once the rental agreement has been signed, the lessee is under the obligation to obey the agreed upon points. The landlord is responsible for ensuring emergencies, repairs and complaints are handled in a timely manner.
In Bengaluru, the usual practice is to charge ten months rent as deposit which remains in the custody of the owner. This amount is supposed to be returned to the tenant upon termination of the lease, provided the tenant has chosen to vacate. At times, certain guidelines may be laid down by the property owner, specific to the property and these are made known to the lessee through the agreement. Properties that have amenities such as swimming pool and gym have such guidelines that should be followed by the lessee in order to ensure that the services or facilities remain in prim condition and are not damaged. Such amenities are shared and hence each occupant should take steps to follow the guidelines. SANGAU in Bengaluru is a Property Management and Rental services company that helps professionals based in the city find a rental accommodation. Professionally managed properties always allow the occupant to rent spaces that meet their demands, rent or otherwise. Visit www.sangau.com for more details. Email: [email protected] Call: +91 7816 988 988 / +91 78997 48170 Are you looking out for a place to stay? A home away from home? A rented villa or apartment where you can crash in peace after a long day at work?
Here are some of the troubles that a regular tenant faces while looking out for a place to stay:
Visit the official SANGAU website from the convenience of your home or office, browse through our available properties, get a look at what it looks like and make a choice. Here’s a step-by-step procedure:
0091 78997 48170
SANGAU does not charge any broker fee or property viewing fee! There are no hidden charges so it’s highly cost efficient. In a matter of seconds, you can find a place for rent using SANGAU.com and move in at the earliest once the management takes care of all the paper work It can be rather overwhelming to find a rental house in the immensely crowded Silicon Valley of India. Whether you are new to the city or having problems in choosing a house for rent in Bangalore, it can be much easier than you think.
For this reason, we have herein provided an in-depth guide to give you all the necessary information needed to find a rental home matching your expectations. #1 Prepare a Budget Plan If you have relocated to the city for joining a job, it is extremely important to calculate the costs upfront. Failing to have a proper plan for controlling your budget, it can be problematic to meet the cost of living in this city. As a rule, it is advisable to keep the cost of paying rent under “25% of the total income”. Additionally, you need to pay the rent for 10-12 months as an advance deposit. The landlord may deduct the maintenance charges from the deposit or even ask you to pay as you go. If you also pay the apartment maintenance fees, you will get the full deposit amount at the time of move-out after deducting for damages caused during occupancy. Do you need help with cost calculating or budget planning for your home? You may take the help of Bangalore rental property management professionals to reduce the pressure of finding a rented home in Bangalore, complete the legal agreement, etc. #2 Choose Location This is the second most important deciding factor when renting a home in Bengaluru. When selecting the location, herein are some essential things to consider:
*Note: Shortage of water supply is a big concern when choosing an apartment for rent in Bangalore. It is highly recommended to rent a home in locations receiving water supply from the Cauvery River. #3 Explore Sources to Find a Rental Home Now that you know the cost of renting a house in the capital of Karnataka, things to know about choosing the location, it is the turn to go on the rental home hunting in this metropolitan city. Some of the most popular sources to find houses or flats for rent in Bangalore includes:
On the other hand, ads on the online portals contain more specific details you can use to compare different properties to choose the best one depending on your needs. For instance, you can get specific details whether it is a fully furnished or semi furnished house for rent in Bangalore. You can also set different filters to find homes based on the number of rooms, location, and other amenities.
All the above resources may help to find a house on rent but if you do not have enough time for finding the right choice, it is recommended to hire a personal manager from a Bangalore property management service. #4 Things to do After Finding a House on Rent Finding a home suitable in all aspects is not the end of the journey but only the first step. There is a lot to do before you can actually move in. Herein is a quick checklist of things to take note of before you sign the rental agreement:
When reading the documents, keep an eye on the following details:
Registration is important for validation of the agreement and deal between the parties involved. It makes the agreement legally acceptable. In the event of a dispute, this is an essential document for proceeding in the court. #5 Is It Good to Move into a Fully Furnished House for Rent in Bangalore? For a working professional with an extremely busy schedule, it may seem perfect to move into a fully furnished home with preset kitchen, home appliances, and furniture. However, there are certain considerations when you rent a furnished flat:
Conclusion I hope these tips will help you to find a dream house for rent that meets all your expectations. Before you move in, it is essential to comply with the tenancy agreement and get it registered at the earliest. It helps to avoid complications later and lead a peaceful life in your rented home. In several residential areas, there are tenant’s associations. If you have it in your apartment, read, and follow the guidelines properly. As a responsible citizen, it is your responsibility to follow the rules. Are you looking to rent a house in Bangalore? We can help. We provide high-quality services for tenancy management in Bangalore to both landlords and tenants. For more details or to book a free consultation please visit http://www.sangau.com Real estate investment in rental properties can be a lucrative business and a regular source of income for a property owner if it is always filled with good tenants. However, finding prospective lessees is not an easy job. Your ads online can get lost in the crowd of innumerable similar other flats for rent in Bangalore.
What to do to fill in the vacant properties quickly? Based on our years of experience in the property management business, we have herein provided the tried and tested ideas to attract long-lasting prospective tenants. #1 Post Photos of Your Rental Home with the Ad Your tenants are busy people who do not have much time to read long text descriptions. To give them the best idea of how the house looks from outside and indoors, it is best to post as many photos of the property as possible. In general, ads with 18-24 photos are ideal to attract the maximum of visitors to see your property. Take photos of all the rooms, kitchen, bedroom, balcony, and so on. When it comes to arranging them in a sequence, the exterior view of the apartment should appear first to the viewer. Some dos and don’ts when posting photos
It is good you have taken enough photos of all premises of the house. But, each one is different and shows only a section of the apartment. To give a clear idea of how the entire flat looks like, you can shoot a video even with a smartphone (with high-resolution camera). Start from the exterior part of the house and keep your camera set on the video recording mode as you slowly walk inside and roam through various parts of your rental property. Since very few landlords provide video of their flats/apartments, it is surely going to help you receive a response from big clients. You may want to shoot an hour-long video but it is not about creating a documentary but engaging the viewers. Your video duration can be anywhere between 2-5 minutes. Don’t go for too short or longer videos that can cause attention diversion spoiling the purpose. #3 Keep an Eye on the Details The ad title and description are equally important as the photos. The description part has various sections- title, list of amenities, description, etc.
Rather opt for a short informative title such as- ‘2BHK flat in Kasturi Nagar, Bangalore’. It provides two vital details- flat type and location. If a tenant is looking for 3 BHK for rent Bangalore, he/she will obviously set a filter to find 3BHK flats or apartments only. So, if your ad does not show this information, it will simply leave the viewer clueless. Remember, you have only 65 character title to catch the tenant’s attention online.
#4 Advertise Your Rental Property Online If you are looking to earn a lucrative income from your property investment, consider promoting it on the internet. Your tenants are everywhere on the internet. They use social media, watch videos online and so much more. However, there are certain tricks to succeed in internet marketing. If you are cautious about marketing your property over the internet, it is recommended to consult an expert property rent management Bangalore. If you do not have enough time to handle the advertising and marketing job, your property manager is there to take responsibility for everything. There are several benefits of choosing online advertising over traditional marketing platforms:
#5 Adopt a Targeted Marketing Strategy Depending on the available amenities and your preferences, you can decide what type of tenants you want to rent your house to. If you are looking to lease house to college students, you can distribute handouts outside the colleges, at the local gyms, and bookstores to get some leads. This is not always preferable if you are a busy person. You will get a lot of phone calls as it is not possible to provide all the information on the paper ad of this nature. #6 Using Traditional ‘For Rent’ Signage It is easy to find regular signage to inform a passer-by that you want to offer this house for rent. Nevertheless, the information on the board is incomplete and may attract a lot of queries from the visitors. If you own a single rental property and have a lot of time to tackle these issues, then this can be an inexpensive marketing strategy. To be impressive, you can create customized signage online with more information including phone number, email id, etc. Always mention the type of property you want to rent. For instance, if you have a 2BHK for rent Bangalore, you can put the same as heading on the signboard with the other details. Don’t hesitate to place multiple signboards in your yard, near the main road, and other places where you think people will notice them easily. #7 Welcome Tenants for an Open House Show Giving each client a separate time to view the property can be a rather time-consuming affair. You can instead save your time and that of the visitors’ by announcing an open house show. Be very particular about choosing the date and hours. Obviously, you will get more visitors to the property on a holiday. Extend the open hours beyond the timings of the nearby open houses to attract more leads. How to Impress the Tenants on their First Visit Before you even try out these tips, herein are some basic considerations to succeed in your marketing efforts:
For instance, if your new tenant is ready to move-in and the existing party seeks an extension for a month for some reason, you can get stuck in a serious problem. Therefore, it is best to start marketing your property when the apartment for rent in Bangalore is empty.
When a new client is on a visit to your house on rent, it should be clean and well organized. This helps to influence the decision of the renter to move-in.
For this reason, the entire look of the house should perfectly match the photos you have provided in the advertisement. The premises of the house should be absolutely clean and organized. When visitors get what they see, they are more likely to trust you. Being authentic and honest helps in getting prospective lessees and also helps in tenant retention for a longer period. To Summarize, The Silicon Valley of India is a densely crowded place where people are largely in need of rental properties. Marketing your vacant house for rent is not challenging if you adopt a strategic approach. These ideas will surely help you to improve the tenant’s experience and fill in the properties quickly. However, if you already have an approach in mind, never hesitate to experiment with new things. Do you want to fill your vacant properties for rent quickly? If you have multiple properties to put on rent, we suggest appointing a property manager from a reputed Bangalore rental property management company to handle the job. Get in touch with us for a free consultation at http://www.sangau.com. Being a landowner seems like a piece of cake until you’re forced to leave your reunion party because your tenant has a leaky pipe. Attending to tenant needs at all times and keeping a thorough check on finances can be quite the task and you just might feel like hiring someone to do it for you. Fortunately, a solution is available at hand: a property management company!
Placing your valuable property in someone else’s hands requires courage and quite a bit of conviction. However, you just might feel the requirement to have a professional take care of it. Listed below are a few indicators that’ll help you confirm that you may need a hand:
For more details, visit our website http://sangau.com/ The relationship between an owner and a property manager is one that requires a strong bond.This bond, however, can break due to various reasons and as a consequence, the owner has no choice but to bid the manager goodbye. Actions on the management’s behalf leading to such a situation could be the following:
There may be other reasons for the rise of such situations, including personality differences or changing property requirements. Remember that the owner should be able to entrust the property management group with nearly every aspect of the rental property.As of the property manager, they must always act in the best interest of the property owner. Taking the time to ensure commitment to service will make a difference in the long run. Trust once broken is almost impossible to rebuild, and insincerity is the trait of a conniving mind. For more details, visit our website http://sangau.com/ Looking for a tenant of the right mind can be a mountain-climbing task. Property managers have put in place a verification process such as employment verification which should take care of the financial part of the tenancy. There are however other issues that one has to deal with. What if the tenant creates trouble? Laws of the land apply everywhere yet there are situations when things may go beyond control.
To handle such situations, terms and conditions should be put in place in the lease agreement. This lease is signed and agreed upon by both parties. It is important therefore that one reads the fine print before signing. In the event that a problem arises, the tenant should know his rights and responsibilities and be prepared to face the eventuality. In normal circumstances, the tenant lives in harmony with his neighbours. But once in a while, owners have to deal with unruly tenants who not only disturb the ambience but also create fear in the minds of the others. Rash and drunken brawls, misbehavior, troubling women neighbours, playing loud music that disturbs others at unearthly hours, partying beyond permitted hours, not paying rent on time or even looting the property or having connections with the drug mafia, etc. The problems are many. How do you deal with such issues? While sometimes, a warning is enough to get the tenants to behave, at other times, action may have to be taken to keep things under control. What kind of troubles can be avoided? The owner has to be a little cautious in allowing people entry into the premises. While in Bangalore there is no system right now to make background checks on the tenant’s previous tenancy, a little more pro-activeness may help. What if we verified if the tenant has no police records? Trouble with the legal system can be avoided with this step. Though it is no assurance that there will be no trouble in future, it is at least one step towards knowing that the tenant has a clean record with the police. A strict vigilance may be kept on the building. Any sign of trouble or report from any neighbor should be looked into promptly to avoid any escalation that may turn ugly. Should tenants note anything unusual, they should report the same to the professional property manager. The mattes which have the potential to turn into something serious should be handled with care and immediacy. Smaller issues like tenant paying late rent can be discussed and settled. If the reason is not genuine, a case may be made. In general, there should be policies set in place that everyone is required to follow, such as not playing music in the wee hours of the night and not throwing garbage in undesired places. Certain matters can be handled by the tenants themselves; others may require mediation by the property manager. At times, the trouble may be brewing between the tenants in which case, the property manager may act as the intermediary to settle the dispute. To summarize, eviction may be necessary if things go out of hand. At other times, the matter may be resolved with discussion and violence is not to be tolerated at any cost. Regular monitoring of the premises for any early signs of trouble may help. Are you looking for an experienced property manager? Contact us today for a free consultation at http://www.sangau.com |
AuthorSANGAU is a Property Management and Rental company with operations in Bangalore. We are in operation since 2007 and provide services to property owners and tenants. Archives
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