You get an email that you have been dreading, it’s time, the tenants are moving out of your house in Mumbai. Worry sets in, how do you manage now, going to India to look for a tenant is not an easy task. It could take a few days or even a few weeks to find someone. The cost, the planning, the added stress, phew. Being an NRI and being so far away from home is tough.
We know investing in Indian Real estate is a great idea, but it is so hard to maintain your property from another part of the world, right? Well, not really. There are property management companies that do all the work for you, all you need to do is figure out which company is right for you.
What should you look for form the top property management companies in Mumbai?
A property management company should be able to provide you with services that keep your home in India occupied, safe, in good condition and making some money. They should also be able to do all of this without causing any hassle to you as the owner.
How much travel should I expect once I sign up with property management companies?
ZERO. A good property management company should be able to handle all the issues that come up without asking for you to come down personally. When it comes to documents that need your signature, they should be able to use modern technology to get things done, without asking you to travel.
How can I trust the tenants that a property management company find for my house?
This is a little tricky, you can never truly know how your tenant will behave, even if you choose a tenant yourself. The only safe thing to do is to vette the tenant before you agree to let them live in your home.
Good property management companies will find many tenants for you to choose from, then they must do a through background verification of the tenant you choose. It is not only essential but also required by law to get a background verification check done. Don’t trust any company that does not offer this service.
How do I get my rent and security deposit?
There have been cases where either the tenant has not paid their rent on time, or the people collecting rent on your behalf, have run away with the money. When we’re talking rent in Mumbai, we know it’s no small sum. This is why you should choose a well-reputed property management company in Mumbai. This amount should be collected on your behalf and transferred to your bank account in a timely manner.
What happens when the property management company can’t find a tenant for my house?
It is important to look for companies that have a large pool of tenants. This means that tenants trust them, and they have good reach. This also means that finding a tenant is easier and if your tenant leaves, then finding a replacement tenant is also easy. The best companies will be able to offer you a rental guarantee i.e. be willing to pay you the rent you deserve with or without a tenant occupying your house.
Is there a property management company that can do ALL of this for me?
Yes, there is. NoBroker has launched a property management services that will put an end to all your worries. Here is what you can expect when you sign up with NoBroker for your property management requirements in Mumbai –
- Guaranteed Tenant
NoBroker has a huge tenant base in Mumbai (1 million+) and this number keeps growing every day. It is easy for us to match your requirement with any one of these potential tenants. We choose tenants that you wish to have in your home, send you the options and then you pick the one you like the most. All done at your convenience, as per your specification.
- Rental Guarantee
If your tenant needs to leave before the contracted period, don’t worry. We will find you another tenant and till we do, you get the rent deposited to your account as usual. With NoBroker rental guarantee you have nothing to worry about, we strive to ensure that you have a steady rental income coming in, no matter what.
- Background Verification
Even if you like the tenant and might even know the tenant, as part of the process, there will be a background verification check carried out. This CCV (criminal court verification) will ensure that the tenant has a clean record.
- Get the right rent
With millions of homes registered on NoBroker, we have been able to use AI to give you the right Rental Amount for your home. This fool proof tools takes various considerations into account while calculating the right rent you should ask for. When you charge the right rent you get more tenants interested in your home and you can retain tenants for longer.
- Legal Documentation without travel
We take care of things like the Rental Agreement and get it registered on stamp paper, we even pay for it. Once we do what is required in India, the papers are then sent to you for your approval and signature. You don’t have to travel to India just to sign a few papers, this huge expense is totally avoidable.
- House maintenance service
If the lock needs to be changed, the tap is leaky or the paint needs a touch-up, how do you help your tenant? You just inform us, and we will get the job done on your behalf. If there any maintenance task that you think we should do, or a task that the tenant requires to be done, we at NoBroker will ensure it Is done and taken care of.
- Direct Deposits
We collect the Security Deposit and Rent from the tenant on your behalf and deposit it directly in your account on the 10th of every month. You don’t have to worry about following up with the tenant as we do that for you. If there is any delay from the tenant or us, you will get an additional late fee also deposited to your account.
If you have any questions regarding the NoBroker Property Management service, or would like to know more, then call or WhatsApp us on +91-9242500000 You can also visit https://assist.nobroker.in/