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If you’re looking for the interior design of home options, you have a range of colors to choose from. Surely, you will agree that colors play an important role in our lives. Also, contrasting color shades add life to any room.

Besides selecting a color palette for your living and dining spaces, the property management consultants may also suggest splashing on the colors to your home office. Why not consider painting your ceilings with colors other than white, also?

Importantly, the Interior designing Delhi experts recommend following the color rules to make your room look balanced.

• The 60-30-10 rule

By following the 60-30-10 rule, you’re ensuring that your room has a balanced color palette. Also, interior designers use this rule as part of their home décor ideas.

Under this rule, you have to choose 3 colors and follow them using them in percentages of 60, 30, and 10.

So, the first step is to finalize the main shades that will cover 60% of your room. The interior design company in Delhi opines that neutral colors are mostly the dominant shades in rooms, for they offer a subdued feel without getting you all overwhelmed.

The second step is to select a slightly bold color for your secondary hue; these shades constitute 30% of the space.

Opt for a bold shade for accentuation purposes; this takes up 10 percent of the space.

For instance, under beautiful interior design for homes, you can have greige color dominating your room, with your walls and sofas displaying this shade. Subsequently, you can have black as the secondary shade, where your side table, bookcase, dining chair, and pillow contain black shades. Finally, you can go with coral as your accent color while you have your potted plants and throw pillows exhibiting the color.

• All about warm and cool colors

Some colors are considered warm colors on the color wheel, while the others are cool ones.

As per convention, shades such as yellow, orange, and red are categorized under warm colors because of their vibrancy. Among the warm shades, neutral hues like tan and brown are also included.

On the other hand, colors such as purple, green, gray, and blue are cool colors.

Going by choice of warm or cool colors, you can determine the room’s energy.

Warm colors can enrich the mood and have a welcoming feel. The general recommendation by the property management company in Delhi NCR specialists is to choose such shades to decorate only entertaining arenas. As such, you can use such hues to paint the walls of your kitchen or dining room.

Conversely, for a subdued look and feel, you can have cool colors on your offices and bedrooms; they are favored by many for their calming effect.

• Color schemes

Under color schemes, you can either opt for the complementary color scheme or the analogous color scheme.

• Complementary color scheme

As part of this scheme, you require two shades that sit on opposite ends of the color wheel. Among your choices, you have the colors red and green, yellow and purple, or blue and orange.

• Analogous Color Scheme

Under the analogous color scheme, you must first select a central color. Follow by using the colors that come on both sides of the given shade on the color wheel. Here, you will have two primary colors, whereas the third shade will blend the two.

Your choices include color combinations such as red, purple, and blue or red, orange, and yellow.

Because you’re using three colors, you need to enforce the 60-30-10 rule – to give the space a balanced appearance, that is.

For variety, you also can use different shades of one particular color.

Further, if you prefer neutral shades to vibrant ones, you have a monochromatic color scheme. Under the analogous color scheme, you can use three neutral hues like gray, white, and black; they offer a contemporary look and feel.

ACROSS THE BOARD

You will surely agree that we prefer some colors over others on a concluding note, right? While some people are fans of neutral colors, others prefer loud ruby shades for a dash of drama. More so, green has a relaxing, so they paint their walls with color contrasts containing green.

Now, depending on your color choices, you can choose to interior decorate your home.

However, the NRI property management companies will always advise you to use colors in the right proportions to work harmoniously.

As a landlord, you know that different tenants vary in their housing requirements, including their interior design choices.

Now, the terms rent and lease are used interchangeably. However, leasing a property is not the same as renting a home. Of course, the lease rent meaning includes renting accommodation. On the other hand, rental agreements are categorized further into lease contracts and leave & licensed ones. No doubt, the terms and conditions of the lease agreements and leave & licensed ones differ in various aspects.

Yes, both terms refer to two different kinds of arrangements. Of course, both lease agreements and rental ones are legally binding. Even so, if you talk to companies offering property maintenance services, they will tell you they serve different purposes.

Now, depending on your requirements, you should opt either for the rental agreements or lease one. Even so, you must first understand the difference between lease and tenancy.

What is a lease agreement?

The definition of a lease is defined under Section 105 of the Transfer of Property Act 1882. Under this Section, the rent management professionals will disclose that the lessee has rights to enjoy a property for an agreed-upon price, or something of value, paid periodically. Also, the lessee has to pay the landlord as per the terms of the contract.

Rent agreements qualify as leases if they fulfill the below-listed conditions.

• The landlord transfers the rights to use a property to the tenant.
• The arrangement is valid for a stipulated duration or perpetually.
• The tenant must pay the landlord monthly in exchange for the transfer of rights to enjoy the property. Instead of cash, both parties can also agree to the tenant paying via rendering a service or anything that holds value.

Under lease agreements, landlords agree to let out their property for a long duration; the time ranges from 3 years and goes up to eternity.

The rental property management experts will also reveal that a lease agreement must be signed and stamped, and registered. After registration, terminating lease agreements is not easy.

What is a rent agreement?

Rent agreements with a validity of 11 months come under leave & license contracts. Also, upon consulting the rental management specialists, you will know that such agreements are not valid under the rent control laws.

Different states vary in rent control laws; only rent agreements with a minimum of 1-year validity come under the purview of such laws.

The Property management company in Delhi will also explain that owing to the rent control laws. Landlords may not find it easy to review rents and remove tenants.

Key Differences between lease and rent

Here we discuss the lease vs. rent house agreements.

• Parties

The parties in lease agreements are the lessee and lessor. Landlords and tenants are the concerned parties in rental contracts.

• Type of Contract

As seen earlier, rent agreements can be either a lease or a leave & license contract. Nonetheless, rent agreements come under leave & licensing arrangements and not lease ones.

• Ownership

Whereas lease agreements give ownership rights to the lessor, rental agreements retain the ownership rights with the landlord.

• Responsibility for maintenance works

Under lease agreements, the lessee holds the responsibility of maintaining the property. The tenant is responsible for the property maintenance works in rent-based contracts.

• Time

Lease agreements have a long duration, rent agreements, short periods.

What is a leave & license agreement?

The leave & license agreements are detailed under Section 52 of the Indian Easements Act 1882. The Property management services Gurgaon companies will further clarify that under leave & license agreements, the owner has legal possession of the property. Simultaneously, the licensee is allowed to use the premises for specific purposes.

To avoid legal hassles, most landlords and tenants enter into rent agreements valid for 11 months. An 11-month rent agreement, working as a leave and license contract, is not reasonable under the rent control laws. The laws apply only if the rental period is more than a year.

OVERALL

So, we have seen how rent and lease agreements vary. A property management company in Delhi NCR will recommend going by your needs when you’ve to choose between both options.

If you’re looking to rent a home for a short duration, you may want to consider the rent agreement option. Here, besides greater freedom, you can also terminate the contract whenever you want.

According to the companies providing NRI rental property management services, lease agreements are more common in the commercial real estate sector, where the process is more formalized.

contact@theluxia.com |   +91 9810505543

With India boasting of rich cultural heritage, you have a wide variety of options in home décor projects when going for an Indian-based theme in a modern setting. Yes, you can design your personal space to reflect the glory of India’s glorious past in combination with contemporary designs.

In today’s times, innovative home interior decoration ideas are also seen as an effective way to increase your home’s rental values – as per the rental management specialists, that is.

So, here is your interior designing checklist when planning to merge traditionally-Indian designs with their modern counterparts.

• Add the spiritual touch.

Because most Indians are spiritual, you may want to consider redecorating your home with artifacts representing your beliefs. Ranging from busts to photographs to sculptures to photos to backlit lamination on your walls, you can take your pick from the different choices.

Here, opting for a puja house in one of your home corners is also an excellent example of modern Indian interior design.

• Go Minimalistic

Refurbishing homes with elegant furniture was one of the popular interior design ideas in yore days. Even so, nowadays, many people are going the minimalistic way. The idea is to get rid of the clutter and enjoy a more open space.

One of the popular aspects of Indian contemporary home interiors is doing away with the unwanted stuff. By doing so, your room will look spacious and seem more welcoming when you return from a tiring day of work.

• Play with colors

Because Indians love color, your Indian home has to be colorful too. The general recommendation is to opt for two contemporary colors for each room. Your property maintenance services manager will opine the popular color combinations include a mix of pink and purple tones or yellow and orange hues.

Also, you must avoid mixing loud colors such as yellow and pink or green and blue. Instead, mix and match jarring colors with neutral ones (such as grey, white, cream, or black) to strike the right chord.

• Keep it distinctive

To add your personalized touch to your abode, a prominent property management company in Delhi NCR might suggest adding some unique items that you’ve gathered during your travels across India as well. As such, you can choose metal busts of a deity that you worship or engraved metal lamps from different Indian districts.

Pasting Gondi art details on your walls is another way of uplifting your home’s desi look. Gondi, a conventional tribal art, entails colorful themes with intricate details. Apart from Gondi’s works, you can keep things interestingly Indian with other tribal skills such as Warli and Madhubani.

• Maintain the rustic quality

To keep things rustic to portray your home’s Indian-ness, you must choose not only earthy fabrics but also rustic textiles. For the same, placing a woven rug in your living room is a good suggestion.

Hanging jute-based animal heads on your room walls are other woven features to decorate your home with. Other than that, you can renovate your windows with pastoral woven blinds.

Another proposal by the rental property management professionals to keep things colorful and rustic is to have colorfully-patterned cushions composed of rustic materials (such as wool and cotton).

• Make way for the four-poster

Ancient Indian beds would have frames supported by four posters; these features come in handy for hanging mosquito nets. Of course, with the rapid progress of technology, such aspects are not seen anymore.

So, why not return to the ways of your grandparents by installing a four-poster bed in your bedroom. Only make sure that you also enhance the bed’s look with linens, sheers, and ruffles.

Contact the home décor experts to add both the Indian and modern touch to your home!

In addition to the above-listed pointers, you can combine Indian-made handicrafts with contemporary items in your abode too. Indian furniture, including Indian rosewood, is hailed for its rustic look and robustness. So, for that eclectic blend of traditional and contemporary designs, go with handmade Indian furniture with a modern outline.

Some NRI property management services personnel may also advise giving an exciting twist with compact furniture and revolutionary lights when redoing your contemporary home the Indian way.

Contact our property managers

contact@theluxia.com |   +91 9810505543

As a landlord, you have to maintain your rental property to generate revenue. For the same, you have two choices. First, you manage all the nitty-gritty stuff by yourself. Second, you can outsource the related jobs to a property services company.

Moving on, here we have listed the three strategies for your rental property management needs. We will study the three areas under rental property management before that.

Three areas of rental property management

Before selecting a suitable rental management strategy, you must know the various rental property management areas.

• Dealing with your tenants

Apart from rent collection, your landlord’s responsibilities include addressing tenant complaints, ascertaining the lease agreements are up-to-date, and checking for any damage after tenants move out.

Aside from that, landlords have also to screen prospective tenants while studying their background.

• Handling the Property Maintenance Works

As part of a landlord’s property maintenance duties, they must maintain the building’s physical structure and ensure that the conditions are habitable for their tenants.

So, when it comes to keeping the premises clean and repairing any leaks and faulty locks, or giving access to the mandatory utilities, landlords have to be in charge.

Also, you have to manage the inspections from your insurance company, lenders, and government bodies. They conduct inspections to ensure that the health and safety codes are being duly followed.

However, you must also think of hiring the services of an interior designing company in Delhi for the home decor needs of your rental properties – to shore up the rental values, that is.

• Finance Management

Managing finances is also an essential responsibility of landlords. As such, they should calculate their monthly income and expenditure.

Under the financial management of rental properties, landlords must record rent payments, insurance charges, taxes, mortgages, and property fees.

3 Strategies for managing your rental property

After understanding the different areas that come under rental property management, we move to your options on managing the various functions.

• Adopt the Do-It-Yourself Approach

If you’re opting for the DIY rental property management model, the entire responsibility falls upon you. Whether collecting rent or filing taxes to maintaining your property, you are accountable for them all.

The pros of the DIY approach are that you’re totally in control and aware of all the related aspects of your property.

The cons of this model are that you’re likely to get overwhelmed with the sheer amount of paperwork required.

So, unless you have previous experience managing rentals, the general recommendation is to work with a reputed rental management services company.

• Combination of Do-It-Yourself and Outsourcing

Under this approach, you can manage the tasks you’re well-equipped in and outsource the jobs you’re not qualified for to a Delhi property management company.

A good strategy is to outsource the legal matters and maintenance works to the professionals. On the other hand, you can manage your rental property’s finances and tend to your tenant issues, for such matters are relatively easy to handle.

Plus, you can outsource the home remodeling jobs to reputed interior Designers in Delhi to win compliments from all quarters.

• Outsource all the responsibilities

Suppose you’re not comfortable managing your rental property and want to invest your efforts only in selecting properties and other investments. In that case, your best option is to hire a property manager or contact the property management services Gurgaon.

The property management specialists are fully-equipped to manage your rental property. Ranging from undertaking the repairs to collecting rent to screening tenants, they can deliver handsomely.

This approach is suitable for landlords who live away from their rental properties or own many rental properties. More so, if you’re a property investor who has a diversified investment portfolio, you can avail this option.

Contact the property management experts today!

So, we have seen that landlords who cannot manage their rental properties can hire property management consultants’ services.

Now, if you’re looking to outsource your rental property management responsibilities, you can contact the renowned NRI property management services companies. Having the support of experienced property managers, property management companies can reduce your workload significantly. Besides, you can avail some attractive deals if you own several rental properties.

More importantly, you must ensure to screen the property managers before you hire their services, for the saying ‘better safe than sorry holds.

Contact us for property management.

contact@theluxia.com |   +91 9810505543

Landlord-tenant laws are framed to serve the interests of both parties. Of course, different states and countries have varying rules, but landlords have some essential duties even then. Your rental property management team will update you on the same. Among your landlord duties, you have to maintain and handle the repairs of their rented properties.

However, here we have listed some general duties and responsibilities of landlords.

• Invest in landlord insurance

Any renowned property management company in Delhi NCR will advise landlords to first opt for sufficient landlord insurance. By doing so, you can protect your rented property and ensure your financial wellbeing.

As part of landlord insurance benefits, you can claim lost rental income owing to renovation works and other damages. The equipment you keep on your property for the maintenance works is covered from damages under landlord insurance.

• Mold Treatment

Your rental management services company will tell you to get rid of mold on your rental property beforehand. Moreover, because mold grows because of pipe or drainage damage, landlords should make sure to undertake the necessary repair works to prevent decay from growing again anytime soon.

• Repairing Works

By opting for timely repairs, you can maintain your rental property efficiently. So, if your tenant is complaining of paints peeling or clogged drains or the air conditioner breaking down, you must call the repairmen immediately. You can then shore up your rental values and maintain a healthy relationship with your tenants.

If you’ve not remodeled your rental property for a long time, you should think of contacting interior designing Delhi experts for the refurbishing jobs. Here again, you stand to benefit from higher rents.

• Smoke Detectors

An essential responsibility of landlords is to install smoke detectors in the houses they let out. In general, as per state laws, landlords are required to invest in smoke detectors.

Now, if you’ve already mounted smoke detecting devices on your rental property, you have also to make sure they are in working condition before your new tenants move in.

• Suitable living conditions

Another responsibility that falls upon landlords’ shoulders is to fix any issues that can cause potential harm to their tenants, as per the rent management system. As such, you have to maintain your rented property in a habitable condition. That said, you must check if your tenants have access to water and electricity.

• Right to Entry

When landlords and tenants sign a rental agreement, the latter is given their right to privacy. This means landlords have to consent from the tenants before entering the homes.

Under rental property management contracts, landlords can only enter the premises for repair work. Or, they can take prior consent to show the property to prospective tenants. More so, they are allowed to enter in emergencies such as fire or natural calamity.

• Security Deposit

Before moving into the rented homes, tenants have to furnish a security deposit, one or two times the monthly rent charges. The landlord has the right to keep the security deposit until the rent period expiry to cover any damages.

If landlords find damage to the property not arisen due to general wear and tear, they can use the repairs’ security deposit money.

• Non-Renewal Intimation

In some cases, landlords might not want to renew their rental agreements with their tenants after the stipulated duration. Here, the landlords have to serve a notice of non-renewal to the tenants. Commonly, the landlords should intimate the tenants 60 days before the rental contract expiry.

• Maintenance Works

Landlords can delegate the responsibility of lawn-care maintenance to the tenants. Even so, the lease agreement should include such a clause if that is the case. Else, the landlord is required for the lawn maintenance jobs.

Other than that, landlords have to burden the responsibility of removing or clearing snow from the pathways if they’re renting a property in places having cold weather.

FINAL THOUGHTS

To be on the safer side, you must discharge your landlord duties as required by the law. Nonetheless, if you’re opting for NRI property management services, you can leave property maintenance tasks and other responsibilities to their experts and breathe easy.

Contact our property managers for more information on rental property management.

contact@theluxia.com |   +91 9810505543

The good news for the home furnishings market is that Millennials are finally investing in homes. Of course, the Millennial cohort has been slow in catching up with the adulthood milestones compared to their parents. However, the trends suggest that they are now keener on buying homes than the previous generations as they’re maturing.

As per a Goldman Sachs report, people tend to buy homes mostly when they are between the ages of 25 to 45 years.

Some interior design ideas that interest Millennials are an eclectic mix of traditional and contemporary. Also, they are not fans of expensive furniture. Instead, you will find them shopping for vintage items at flea markets and investing in DIY furniture.

Another trend reflected in Millennials’ homes is their love for designing personal objects. Plus, they invest in artisan elements to uplift their homes’ overall appearance.

More so, if you ask any rental property management consultant, they will vouch for the fact that minimalistic decor is what appeals to the Millennial generation.

Here are some Millennial minimalistic home decor trends.

• Love for Nature

Along with being adept at technology, Millennials are passionate about nature. Yes, their passion for nature is displayed in their Interior Designing choices.

They are also sensitive about environmental issues and want their personal spaces decorated with the good green stuff – plants. Yes, besides pets, plants are found in the homes of Millennials. Among the popular choices in plants, Millennials opt for snake plants, ferns, cacti, and succulents.

• Basic Furniture

Although Millennials do not spend big on high-end furniture, they are finicky about their home fixtures. A prominent property management company in Delhi, NCR, will affirm that Millennials are all about practicality when choosing their home fittings. So, Scandinavian designs favor the Y-generation because of its simplistic patterns.

Besides that, benches and wooden shelves are other home decor favorites of the new generation.

• DIY Rocks

Millennials learn to cook, stitch, among other crafts, for a break from technology. They are going with handmade quilts and photo-frames for their interior design bedroom designs.

• Work corner is an absolute must.

More and more Millennials prefer to work from home in today’s times, with the workplace trends veering towards flexible hours. Also, because the latest generation members are risk-takers and entrepreneurs, they choose to work from fully-equipped home offices.

As per reputed property maintenance services companies, Millennials invest in comfortable desks and chairs and advanced technological equipment. Besides, they do not need filing cabinets because Cloud Technology is here to stay.

• Mix and Match Rules

A distinctive trait of this generation is their love for mixing and matching. So, whether they’re working with materials or styles, they constantly try new things. As part of their interior design for the living room, they match modern pieces with conventional items.

Their love for mixing and matching is also seen with recovered materials – including tiles, hydraulic floors, wood, and vintage furniture.

• Minimalism is the magic word.

In Millennial homes, you will rarely find large-sized items – whether home appliances or furniture. More so, rental management companies will ascertain that Generation Y does not hoard their kitchens with many kitchen appliances. Rather, Millennials are rooting for simple and practical designs. They are gung-ho about minimalism, with their smartphones doing the rest—no reason to fret.

OVERALL

Every new generation comes with different tastes. Millennial decor differs from their mothers’ or grandmothers’ generation’s home decoration choices.

The Millennial generation is the first-ever genesis that are technology savvy, trend addicts, and well-educated. They are also loyal to their preferred brands and dream of roaming the world.

Millennials love the minimalistic look in a nutshell, and their homes reflect their clutter-free choices. More so, if they’ve invested in homes, they’re availing NRI property management services for safeguarding their property while they’re busy pursuing their personal interests.

Contact us for interior designing or home decor requirements.

Technological advancements play a crucial role in the success of any business, in today’s fast-paced times. Yes, technology ensures the smooth delivery of services. Now, as part of the services of a property services company, the property specialists use technology to monitor your rental properties seamlessly.

With the steady rise in demand for housing and the development of the rental market, the need for property management companies has only grown.

Some cities in India such as Delhi, Gurgaon, Chennai, Hyderabad, Mumbai, and Bangalore boast rapidly-growing rental markets. The reasons for this boom in rental markets across these cities are tax cuts, governmental rules, and the exponential growth of rental management services.

Also, because the Reserve Bank of India has cut the repo rate to 6% from 6.25%, the sales of properties are bound to go up. Moreover, home buyers are likely to invest in properties because of cheaper loans.

As per reports of Fastfox, the rental business is pegged at $32billion.

With people migrating to these cities in large numbers, the demand for housing will shore up, which will drive the rental business. More so, rental trends such as Co-living spaces and Shared living, which are promoted by property management companies, are gaining traction in India.

However, a professional interior designing company in Delhi opines refurbishing the homes before letting them out. In turn, the homeowners can gain from higher rental values.

NRIs are buying properties:

NRIs are gaining from favorable market conditions in India. A prominent property management company in Delhi will vouch that they are investing in luxury and economy homes. Doing so increases their earnings via capital appreciation and higher rents.

Going by a recent survey, the affordable housing segment offers returns ranging from 8 to 10 percent. Also, the mid-housing segment, luxury segment, and ultra-luxury segment are generating returns of 6 to 8 percent, 3 to 5 percent, and 2-3 percent, respectively.

Lately, both NRIs and Indian residents are propelled to invest in such properties. The rental assurance and transparency in the dealings that property management service companies provide are fuelling this trend.

Under NRI property management services, the professionals also work with builders to convince home buyers of assured rentals. In the process, the unsold inventories translate into sales.

Furthermore, due to the rapid pace of inventory sales, home buyers find difficulty managing multiple properties. So, they rely on property management firms for rent collection and property management.

Maintaining the rental properties is paramount because the depreciation value of properties decides the return on their investment in property purchases.

NRIs are increasingly depending on property managers to maintain and safeguard the property, as well. By doing so, their properties remain habitable for occupying later on.

Nowadays, property management companies are handling the rental market while providing the benefit of seamless transactions to their clients too.

A property management service Gurgaon uses digital marketing platforms for renting out the properties within a short period, as well.

The property managers are conducting background checks on prospective clients. As such, they study their employment and police records to make sure the prospects are looking only to rent a property.

Additionally, they inspect the properties periodically and give regular updates to the owners.

For the maintenance and repair works, they also coordinate with house vendors to perform the given tasks – all without the owner not having to worry about the labour costs.

Besides, property managers are responsible for drawing standard contracts. Such agreements contain rules and regulations that both parties have to comply with. All this contributes to a hassle-free renting experience.

Plus, the property management experts use analytical tools to research the prevailing market rents for all districts.

Further, they inform the owners about the rental market costs of their properties. They base their estimates on land rates, locality, construction charges, and proximity to popular junctions.

Also, because rental homeowners are busy working professionals, they are not able to strike a balance between their careers and the management of their assets. As a result, many flats are not rented out and remain vacant. Nonetheless, by hiring property managers, they can curtail their losses.

However, with cities developing at a fast rate, the rental market and demand for housing will continue to boom. Yes, homebuyers prefer long-term investments – such as residential and commercial properties – over volatile markets.

More so, NRIs would benefit by heeding the advice of property managers to redo the homes beforehand. As such, renowned interior Designers in Delhi can work at affordable rates to renovate your homes. So, you can then charge higher rent and earn extra revenue.

OVERALL

On a concluding note, property management companies are here to stay. As a property owner, you can avail of their services for managing your rental property hassles. Moreover, you can be assured of the quality of tenants, for they conduct in-depth screening of the prospects and sift out the best ones.

Contact our property managers.

 contact@theluxia.com |    +91 9810505543

Owning rental property is advantageous in various ways. As such, you can earn more income via rent and increase your net worth. Even so, if you’re a first-time landlord, you must consider hiring a rental management services company to help you get the most from your property investment.

You can also follow some tips to help you make the right decisions.

• Go tenant hunting

To become a landlord, you need to search for tenants. To spread the word about your rental property, you can use the services of apartment listings. You have a variety of property sites to choose from. However, make sure you research the property-related websites before doing business with them.

Under the rent management system, to advertise your property, you have to write a short description of your unit and post some striking photos. Plus, you must give details about the address and the rent costs.

• Select tenants wisely

To gain success in the rental game, you must select your tenants wisely. Yes, you want occupants who can afford to pay rent and stay for a long time or at least about a year.

Importantly, you must conduct background checks and study their criminal history and credit score beforehand. Additionally, you must meet the potential tenants to know about them.

• Maintain a written record

Always follow a paper trail for any dealings with your tenants. Ensure that all agreements between you and your tenant are signed and in written form. Of course, you might be tempted to skip the legalities, but you may then end up losing rent money if they refuse to pay up or move out as agreed upon.

The lease agreement between both parties should contain details about the property, rent rates, and stay duration. The contract must have details about the expenses that the tenants have to incur.

If you need help drawing a lease agreement, you can consult a professional rental property management company.

• Account for your taxes

Some first-time landlords work with tax planners or accountants who have experience filing taxes for landowners. These professionals can guide you in managing your expenses and documents. More so, they can determine if you’re charging rent as per the market standards.

• Determine your working hours

Communicate to your tenants that you’re available at only specific working hours. If they call at odd hours, let it go to your voicemail. Call back only in case of urgencies.

• Do not rent to friends and family.

All rental property management service companies’ general recommendation is to refrain from renting your property to family members or friends. Many relationships have gone haywire when doing so. Evicting strangers is far more accessible, as well.

• Take photos before and after renting.

A good strategy to safeguard your interests is to click photos before the tenants move in. Then, you have a record of any existing issues and can deduct money for any repairs from the security deposit.

• Simplify the payment process

Talk to your tenants about the payment modes that are most convenient for them. With easy payment systems, you’re more likely to receive rent on time. Online payments are the popular payment methods to collect rent. Or, you can avail of the services of a reputed property management company in Delhi NCR for your rent collection needs.

• Hire a Property Management Company

Hiring NRI property management services is beneficial in many ways. Yes, the property specialists offer guidance on managing your rental property. Besides screening the tenants, they can also help marketing your property and rent collection.

• Sell the ultimate living experience.

For attracting tenants, you can work with renowned interior designing Delhi firms to redo your unit with furniture and furnishing items. A beautifully-decorated home can invite many inquiries, and you can choose the best ones from the lot.

Applying a fresh coat of paint, and using scented candles for a sweet fragrance, when they come visiting are other ways of drawing tenants.

FINALLY

As a first-time landlord, you’re bound to make some mistakes. Nonetheless, do not be disheartened if that is the case. If you fail, get back and try again. Remember, life is a learning experience. Only keep in mind to be honest in your businesses with others, which adds to your credibility.

Get in touch with our property managers to get started!

Introduction

Different zodiac signs have particular traits. So, keeping in line with your zodiac sign, you can opt for Interior Designing solutions that depict your personality. Yes, certain features are associated with specific zodiac signs, and you can have those facets reflect in your home interiors.

Plus, by decorating your home, you can enjoy the benefits of higher resale values. You may also want to consider selling your house to somebody who shares the same zodiac sign as you. You never know, you could end up getting a better price for your home – if the client is interested in astrology.

Here we have listed some home decoration themes as per the varied zodiac signs.

• Capricorn

Capricorns strive for perfection and are gung-ho about traditionalism. So, popular interior design ideas for this zodiac sign entail refurbishing their homes with conventional yet sophisticated patterns.

Besides paying attention to luxurious details, a Capricorn’s home must also boast of the classic touch.

• Aquarius

An Aquarian’s home should have an artistic touch and streaks that display modernism. Also, Aquarians emphasize self-improvement and love to entertain.

So, keeping all that in mind, the living room’s interior design must have fun elements, albeit with stress on comfort.

Other elements to express their personality and find a place in their homes are geometric and abstract blueprints.

• Pisces

Pisceans love to socialize, so their home must be adequately comfortable and luxurious to host many guests.

To reflect this zodiac sign’s easy-breezy personality, the interior design bedroom experts will imply building spacious homes to facilitate the free flow of air. Light and soft tones are additional elements to indulge this zodiac sign’s members.

• Aries

Some of the Aries zodiac signs’ characteristics are minimalistic design, positivity, and liveliness. So, the interior designer would advise applying Scandinavian patterns.

Any property management services company will vouch because the rental values go up significantly if houses are refurbished for matching International tastes.

• Taurus

For the Taurus zodiac sign, interior decorators usually choose earthy tones and simple designs.

Members of this zodiac sign fancy blends of the past and present. So, the magic word here is industrial, masculine, yet contemporary.

If you’re planning to rent your home, any rental management company will advise you to redo the home stylishly to fetch the best prices.

• Gemini

Both the social and intellectual bubbles find resonance with Geminis.

However, for self-evolution, the best strategy while redecorating a Gemini home would be to decorate their walls with refreshing colors. Adding plants in their home is also a good way of displaying their artistic side.

The rental property management professionals would also want the interior design experts to add more homes to drive up the rental values.

• Cancer

When it comes to the Cancerians, their homes must have a welcoming and friendly touch. So, interior decorators go with pastel and neutral shades to create an intimate atmosphere for recreating Cancers’ personality.

If your Cancerian client plans to put the house up for rent, a prominent property management company in Delhi NCR opines will use natural textures and blue color tones for a light and good effect – to imitate what the Cancer zodiac sign is all about.

• Leo

Their home decoration style should be rich in aesthetics in the Leo zodiac sign. Because Leos pay attention to detail, their homes should have timeless decorative items.

The home accessories and decorations should also come from the eclectic zone for an exotic effect.

• Virgo

Virgos feel at home in neat and clean spaces. Additionally, their choice of the color palette includes natural tones. So, your pick should be white, grey, and beige to redo their homes among soft colors.

• Libra

Librans have creative and colorful personalities. They aspire to do things differently, too.

To decorate a Libran home, loud and bright colors such as green, blue, and yellow are good choices.

• Scorpio

Scorpios are nature lovers and fans of everything innate. Here, the interior design specialists should consider adding white, gray, black, and brown tones to decorate a Scorpion home.

• Sagittarius

Sagittarius are social beings and infuse life into every party they attend. So, their homes must also be a reflection of these personality facets. Pay attention to detail when furnishing Sagittarians’ family rooms and living spaces.

Plants, relaxing furniture, and sweet-smelling scents are other aspects of decorating their homes.

Reach out to the professional interior designers to redo your home as per your zodiac sign now!

If you’re investing in property, you must surely give importance to making your personal spaces aesthetically-pleasing and comfortable. Our NRI property management services recommend giving your home an interesting twist by redoing the rooms as per zodiac sign traits. If you plan to rent out your home, you can later benefit from higher rental prices.