Bangalore has always been a real estate haven. Property prices are ever rising making property a prime investment. This has led to many NRIs (Non Resident Indians) and RIs (Resident Indians) to invest in Bangalore real estate, whether they themselves have a home in Bangalore or no.
If you own a property in Bangalore, this blog if for YOU!
The issue arises once a property is brought. Most investors do not realize just how tedious property management is. Think about the house you live in right now. You ensure it stays in perfect condition because your family and you reside there. In order to maintain tip-top condition, don’t you put in a lit if time, effort and money? On cleaning, inspection, repairs, replacements, modifications, etc.
Now imagine the property you bought as an investment, the one you don’t live in. It needs the same amount of care but would you be able to invest time and effort on it? If you’re an NRI then absolutely no, how could you. Heck, even if you live in Bangalore, Koramangala and Whitefield feel oceans apart.
The solution to managing real estate bought as an investment, property you don’t live in, is Property Management Companies.
Why should you consider hiring a property management company for you property in Bangalore? No I think your first question might be What IS a property management company??
We have answered that question in a detailed blog post we write earlier. Here is the link to it: What is a Property Management Company & What Do They Do?
The purpose of this blog, is to tell you how your property in Bangalore will be managed, enhanced, safeguarded, and mainly, monetized by a property management company.
If you haven’t guessed it yet, yes, we are a property management company ourselves with roots in Bangalore (along with managers and offices in other locations like Kolkata, Pune, Chennai, Mumbai, and Hyderabad). As we proceed listing out services and benefits, we are talking about the solutions we provide. Yes, there are other property management companies in Bangalore like PropertyAngel, Proptension, and HomeShikari for example, but we cannot speak towards what services they do and do not provide.
1. We become your property champions on ground in Bangalore
As a property management company with on-ground property managers in Bangalore, we become the representatives of your property in Bangalore.
The property expert assigned to your property is always available to cater to your needs (related to the property of course), and to the needs of the property.
He/she will lead a team that will regularly inspect your property, provide you with reports on its current condition and make suggestions. Post your consent, the team will execute these suggestions. This means that ANY issue with your property, be it a faucet leak or a cracked ceiling, will be remedied immediately. Our property management team in Bangalore is extremely active and efficient, and just a phone call away. We also perform periodic checks of the property, so if you’re an NRI who cannot check on the property regularly, you don’t have to worry. We have you covered.
2. We bring in the advantage of our expert, partnered vendors
Having been in the property management business for years, in Bangalore specifically, we have made a lot of partners with vendors who cater to different property needs. For example, HomeInspector is one such partner. We also have tie-ups and contacts with a lot of vendors and home improvement and home management companies. What does that mean for you? Well, firstly it means you get the assurance of reliable work.
We don’t hire just anybody to repair and maintain your house in Bangalore, we hire trusted, known vendors and workers.
Another benefit is you might get discounted prices (if our vendors agree to offer it), because of the consistent work that we provide our esteemed vendors.
3. We make the entire tenant management process easy
If you have bought a house in Bangalore as an investment, that’s great. It also means you don’t live in it right now and you’re going to hold on to the property in Bangalore until property prices increase. Then, you might sell it (which is also a service we can help you with), or just move into it. But what do you do with the house in the meantime? That’s where our monetization expertise comes into play. We help you monetize your property in Bangalore (Jayanagar, Koramangala, Marathahalli, JP Nagar, wherever!) by helping you rent it out. Now we know renting is a headache. There are many processes involved that can be a pain. You need to advertise the property, verify prospects, maintain the house for their move-in, manage their needs and requests, manage rent collection, manage tenant exit, then repeat the whole process. This is where we come in!
We simplify the entire tenant management process by just taking it over from you. You won’t even know you have tenants, except on the 1st of every month when the rent gets deposited.
Ready to Make Owning a House in Bangalore Hassle Free?
There are of course a lot of other benefits and micro services that we offer, but I think you get the idea. besides, we’d like to have an open conversation directly, to give you a sense of our ethics and values.
Drop us a message via the contact button and we’ll get in touch. We’ll give you a gist of our services, the pricing, introduce you to the on-ground manager, etc.