Property Management Services in Vizag
Rent Collection
- Rental payments are usually done through online means; however, if for any reason it is not done so, We will ensure timely collection of rents via cheques and organize payments to the owner.
- A log of all monthly payments will reside in the portal.
Regular Property Inspections
- We perform quarterly inspections of the property so as to avoid
major issues in the future. - A Property inspection report would be available on the owner’s portal. The inspection report will include pictures if necessary.
Preparing Inventory
- We prepare an inventory before the beginning of tenancy and perform inventory check when a tenant vacates.
- If any discrepancies, Appropriate suggestions will be given to the owner/outgoing tenant based
Renewal of Lease
- Notifications of lease expiry dates will sent to the owner and tenant.
- We will proactively ensure lease renewals if the tenant wishes to continue after the end of the tenure.
- Again, lease documents will be uploaded and notified in the portal.
Maintenance Assistance
- Request for maintenance work by tenant or owner, through our portal or via a phone call would entail a visit to the property to assess the required work.
- All issues will be worked through a ticketing system provided by our online portal; While, highly emergent and low-cost issues logged by a tenant will be opened and fixed immediately without the owner approval, all other requests will await an owner’s approval.
- Please note every ticket raised for a property will notify the owner via email. All issues emergent or otherwise will be fixed by our team of contractors through our supervision.
- Once the fix is completed, all details of the fix in terms of costs, kind of fix will be housed in the portal.
BIll Payments Assistance
- Due dates for payments like property tax will be maintained in our database and paid well before their due date.
- Utility bills like telephone, internet, monthly association fee, Water bills shall be paid by the tenant. However, all such bills will be handled if any vacant period should arise between tenancy.
- All bills will be uploaded to the portal for your reference.
| FEATURES | PLANS | ||
|---|---|---|---|
| End to End Property Management | Property Management | Rental Management | |
| Assign Property Manager | ✓ | ✓ | ✓ |
| Site inspection by Property Manger | ✓ | ✓ | ✓ |
| Take pictures of the property | ✓ | ✓ | ✓ |
| Listing property in multiple channels | ✓ | ❌ | ✓ |
| Connect with prospective tenants and facilitate site inspection | ✓ | ❌ | ✓ |
| Background verification of the tenant * | ✓ | ❌ | ✓ |
| Prepare Lease agreement | ✓ | ❌ | ✓ |
| Collection of Security deposit & First month rent | ✓ | ❌ | ✓ |
| Facilitate tenant Move-in / Move-out | ✓ | ✓ | ✓ |
| Periodic property inspection (Up to 4 visits per year | ✓ | ✓ | ❌ |
| House Keeping * | ✓ | ✓ | ❌ |
| Renovation** | ✓ | ✓ | ❌ |
| Repair & Maintenance * | ✓ | ✓ | ❌ |
| Follow up for Maintenance payment, Electricity & Water bills (in case of Vacancy) | ✓ | ✓ | ❌ |
| Free tenant search in case tenant vacating within first year | ✓ | ❌ | ❌ |
| Property Management Fee | 7.5% of Annual Rent | 7.5% of Annual Rent | ❌ |
| Tenant Finding Fee | 0.5 x One Month Rent | ❌ | 1 x One Month Rent |
| # Tenant already available or Landowner keeps it vacant | |||
| *Additional charges will be applicable | |||
| *18% GST Extra Applicable | |||
| Note: Property Handling will start any of the above tasks, only after getting a signed document from the owner. *Company must work with several organizations, their fees and incidental expenses are extra, and company cannot determine the exact cost when the “Property Management” document is prepared. **Company shall receive execution fee @ 10% on expenses (plus GST) of the major renovations | |||
Property management services in Vizag, also known as Visakhapatnam, offer comprehensive solutions to property owners, helping them efficiently manage their real estate investments in this dynamic coastal city. These services encompass various aspects of property management, including tenant management, property maintenance, financial oversight, and legal compliance.
Property managers in Vizag also oversee property maintenance, ensuring that rental properties are well-maintained and safe. They coordinate repairs and maintenance work through trusted vendors, conduct inspections, and handle emergency situations efficiently. This proactive approach helps protect property assets and ensures tenant satisfaction.
Financial management is another crucial function provided by property management services in Vizag. Property managers maintain detailed financial records, handle rent collection, and provide property owners with regular financial reports. This simplifies income and expense tracking, making it easier for property owners to manage their investments effectively.
FAQs
- Do property managers conduct regular property inspections in Visakhapatnam?
-
Yes, property managers often conduct regular inspections to assess the property's condition and identify any needed maintenance or repairs.
- What happens if a tenant damages the property?
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Property managers typically handle tenant-caused damages by coordinating repairs and deducting the costs from the tenant's security deposit.
- Do property management companies handle lease renewals?
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Yes, property managers can handle lease renewals by negotiating terms with existing tenants and ensuring all necessary documentation is updated.
- Are there additional fees beyond the base management fee?
-
property management companies may charge additional fees for specific services like leasing or eviction assistance, so it's important to clarify the fee structure in the contract.
