Owning a property can easily be regarded as the most lucrative investment you can make in the present times. However, if you are an NRI owning one or more properties in India, that profitability can quickly turn into a massive headache if you cannot manage your home for one reason or another. Property management and maintenance is an extensive task including but not limited to chipping paint, delayed rent, leaky ceilings, tenant screening, tax payment and much more. The answer to all these problems is one – a competent property management company.
Here are 5 ways how property management companies are solving NRI home management problems today:
1. Their proximity to your property ensures proactive maintenance.
As an NRI you are often traveling and not in India long enough to take care of any property you have in the country. This is where a property management company comes into the picture. Hiring professionals to carry out the work in your stead means that they will always be available at a moment’s notice to take care of all the maintenance issues that pop up at your property.
2. They check your property when you can’t.
Again, property management companies are super proactive, and if you are an NRI, you naturally will not be able to check up on your properties in India. Although family members or friends can help out in this regard, they will not have the right expertise and know-how to get the job done in the best way possible. Property management companies do that around the clock, and so, even if you are away from your property, you can rest assured that it will be taken care of properly.
3. They can take care of all your properties together.
Owning multiple properties can get you a plump profit in no time. However, that also entails managing all your properties together in the first place. And if you are an NRI, the problem is multiplied because you do not have the time or the resources to take care of even one property, let alone many. Property management companies such as PropTech Solutions have been helping NRIs in this regard by being at your disposal and taking care of all your properties with equal priority.
4. They carry out a plethora of tasks.
Property management companies also prove to be a massive lifesaver for NRIs with tasks such as tenant screening, maintenance fixes, understanding and implementing property law, staying updated with all the rules and regulations related to your property and rent collection. They handle this challenging list of tasks with ease.
5. They help in advertising your property.
In case you decide to sell a property, property management companies also help NRIs with advertising their property via their wide connections and network. They know the tricks of the trade and advertise as well as market your property professionally and shrewdly to find the best tenants for your investment.
Hiring a professional property management company means that as an NRI, you will always have your eyes and ears on the ground. What more could you ask for?