Category Property Maintenance Services

A Complete Guide to Property Maintenance Services

Property Maintenance Services: Maintenance is the top priority to keep in mind if you have a property to manage. This will keep your property operating effectively and help you avoid unforeseen maintenance and repair bills.

In this article, you’ll get a look at all things Property Maintenance Services including:

  • What property maintenance entails and why it’s beneficial
  • Advice on how to create a team for property maintenance
  • Important pointers for maintaining the condition of your property
  • How a CMMS can assist you in managing the costs and duration of property maintenance

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Let’s get right to it.

What is property maintenance?

The practise of maintaining a residential, commercial, apartment, or hospitality facility and its immediate environs through a number of particular maintenance tasks is known as property maintenance.

Property maintenance is frequently used interchangeably with building maintenance since it relates to tasks that are necessary to keep a structure livable and functional for its residents.

Property Maintenance Services activities include:

  • Cleaning the interior and exterior common areas of the building (including drains, roof gutters, corridors, etc.)
  • Rodent eradication and management
  • landscaping and gardening
  • garbage disposal and separation
  • replacement, and maintenance of all mechanical and electrical systems (lighting, HVAC, water supply, water heating, etc.)
  • security checks (proactive routine inspections of mechanical and electrical systems, fire fighting installations, and safety inspections of the entire premises)

You shouldn’t have to worry as a tenant about problems like a clogged kitchen sink or non-flushing toilets. These frequently call for the assistance of a property maintenance crew. However, tenants frequently handle small jobs like replacing light bulbs on their own.

A property owner wants to make sure that their asset worth grows (or at the very least maintains the same) over time. You don’t want to spend the majority of your time each day dealing with irate tenants, maintenance issues, or, even worse, with liability lawsuits that may result from poor upkeep, code violations, and safety dangers.

(Pro tip: Especially for rental properties, it’s always a good idea to explicitly explain tenant vs. landlord responsibilities.)

Examples of Property Maintenance Services

Assume you work as a multi-family residential property maintenance technician for a reputable property management firm.

You would be responsible for handling a variety of maintenance requests every day for issues like plumbing leaks, doors that won’t close securely, heating and air conditioning problems, damaged garage doors, and slick walkways.

The list of items to maintain and keep an eye on can seem endless at times, but they are all crucial because you play a crucial role in property management overall.

Why should keep your property in top-notch condition

Having a beautiful home is wonderful. However, if the home you’re caring for is a real estate investment, your objectives should go beyond keeping it in good condition.

Here are a few advantages of keeping up with the maintenance of your investment property:

  • Save money by paying less for repairs and maintenance.
  • Maintaining and raising the value of your property
  • Less stress due to fewer unforeseen repairs, disagreements, and tenant complaints
  • Maintaining your property in compliance will help you avoid legal issues, obligations, and fines.

We at LuXia LLP render property maintenance services to landowners and NRIs who live elsewhere. As part of our services, we manage and maintain the property and share updates with the owner regularly.

How to Properly Maintain Your Rental Property?

One of the biggest landlord responsibilities facing any property owner is rental maintenance. In fact, in a national survey conducted by Smart Move, rental maintenance was ranked as the third biggest “pain point” for landlords after loss in rental income and uncooperative tenants.

That’s not surprising. Rental property maintenance requires year-round vigilance, representing a significant amount of time and money. However, landlords can avoid the “pain points” if they follow some simple rules, stay organized and budget accordingly. Below we talk about some of the strategies for managing rental maintenance.

REGULAR MAINTENANCE

Some rental maintenance issues, such as a leaky faucet, often can’t be anticipated or avoided. Other issues can be addressed before they become serious problems by following a regular maintenance schedule. These are the items that should be checked on a regular basis, whether weekly, monthly or annually, such as a yearly furnace inspection. Regular maintenance isn’t just about avoiding costly repairs but ensuring a pleasant living environment for tenants.

The rental property maintenance checklist below is not meant to be exhaustive. Each landlord will need to tailor a regular rental maintenance schedule based on his or her property.  Here are some examples of items that many good landlords do regularly.

  1. Check for leaks, especially following strong rainstorms or after significant snowmelt. Water damage is the enemy of every landlord.
  2. Replace air filters frequently.
  3. Test smoke and carbon monoxide detectors regularly.
  4. Check for pests quarterly if not monthly.
  5. Re-caulk showers and bathtubs to prevent mold and leaks.
  6. Tighten any handles, knobs, locks, faucets, etc.
  7. Check fire extinguishers.
  8. Flush water heater.
  9. Clean gutters.
  10. Trim or remove trees on the property threatening power lines or structures.

Landlords should also create rental maintenance schedules for bigger ticket projects, or capital expenditures, such as replacing carpets or repainting walls. The schedule will depend on the general wear-and-tear on each individual unit, but professional property managers recommend doing these sorts of projects (i.e., interior painting, carpet replacement) about every three years unless needed sooner.

REGULAR INSPECTIONS

One of the keys to maintaining your unit is to conduct rental property inspections  on a regular basis. There are four types of inspections landlords can do to help ensure their properties stay in tiptop shape.

  1. Move-in Inspection:This walk-through inspection is typically done with the tenant. This provides an opportunity for the tenant to identify any concerns and for the landlord to document the condition of the property when it was turned over.
  2. Routine Inspection:Landlords should schedule regular inspections of the property with the tenant, ideally on a quarterly basis. A landlord should provide prior notification before entering the property; often the terms of the lease will specify the particulars regarding these visits, or local law will. This is an opportunity for the landlord to identify maintenance issues or for the tenant to discuss any problems such as that leaky faucet.
  3. Drive-by Inspection:Routinely stopping by the unit to observe its outside condition can help spot issues such as the unauthorized presence of a pet.
  4. Move-out Inspection: As the name implies, this inspection comes when the tenant moves out. This inspection is not only the time to identify any damage a tenant may have caused but for the landlord to note what normal wear-and-tear repairs or maintenance issues may need to be addressed before the unit is rented out again.

There are plenty of options out there for landlords who need maintenance help. Websites like Thumbtack match professionals to those in need of services such as carpet installation and interior painting. Other companies like The Luxia. Each service call is then charged a flat fee, with a guarantee to either repair or replace the item under warranty.

5 Expert Tips on How to Choose an Excellent Property Manager

5 Expert Tips on How to Choose an Excellent Property Manager

Your rental property is an asset that needs to be professionally managed and managed pro-actively in order to be properly protected. Unless, of course, she’s a real portfolio manager, you wouldn’t allow your neighbor’s acquaintance handle your stock account. Similar to this, your property needs a certified, knowledgeable, and accountable investment property manager.

Being a first-time landlord, selecting the ideal investment property manager might be a daunting undertaking. What credentials should you be seeking? How do you distinguish between poor managers of investment properties and those that will look out for your money like it was their own?

By thoroughly screening each of our property managers before designating them as one of our preferred partners, we at Luxia take a lot of the guesswork out of the equation for you. We’ll connect you with a nearby, recommended investment property manager and keep advocating for you to make sure everything goes as planned.

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Here are five key ways to tell if an investment property manager is right for you, plus helpful questions to ask:

  1. Look for specialized experience

The industry of property management is complicated. An investment property manager who is knowledgeable about current local, state, and federal laws is what you desire. Additionally, you want someone who has a track record of successfully managing the numerous challenges that come with managing renters and properties.

Find a property management company that has a lot of experience with the type of investment you have. Businesses that specialise in managing commercial properties, for instance, might not be prepared to handle residential properties effectively.

  1. Verify professional licenses and certifications

A real estate licence may be all that is needed to manage a property in some places, and some states don’t require any kind of licence at all. Proper licensure and professional certificates should be able to support the technical skills of competent property managers and management businesses. To find out if a property manager has a valid real estate broker’s licence, contact the real estate commission in your state. Any certificates and professional affiliations are advantageous.

  1. Check reviews and references

Nowadays, it almost goes without saying, but check out a property management company’s Yelp, Google, and Facebook ratings before scheduling a meeting with them. As is always the case with these websites, keep in mind that some reviews (such as an evicted renter) can have a vendetta that has nothing to do with the calibre of the service performed by the business. However, when comparing several businesses, review websites might be an excellent first resource.

It’s also a good idea to look up any complaints or glowing recommendations with more established sources, such the Better Business Bureau and Chamber of Commerce.

 

  1. Examine the property management agreement

The property management agreement defines the working relationship between you and the property manager as well as the duties and obligations of the management team. Given the importance of the contract, it is your responsibility to thoroughly study it and make any required changes before agreeing to it. Verify that it has what you are looking for and that there are no unfavourable provisions.

  1. Make sure they have the appropriate insurance

When we inspect the general liability, property casualty, and errors and omissions (E&O) policies of our Luxia-preferred property managers, we make sure they are adequate. Your property management agreement can also require you to have enough insurance, which is good for your own protection. Please feel free to inquire further about the required insurance coverage with your property management company.

It’s crucial to carefully assess prospective property managers, which is why Luxia does comprehensive due diligence when screening its recommended, best-in-class property management services. We look at past portfolio performance, fee schedules, number of years in operation, and much more.

Regardless of your choice—whether you go with one of our recommended property managers or pick your own—we hope the details provided in this article will give you the peace of mind that comes from knowing your investment is in capable hands.

6 TIPS TO HELP YOU CHOOSE THE RIGHT PROPERTY MANAGEMENT COMPANY

6 TIPS TO HELP YOU CHOOSE THE RIGHT PROPERTY MANAGEMENT COMPANY

Let’s be honest. You are unable to complete everything. Owning and managing a residential rental property can be difficult, especially if you lack the necessary time, expertise, or experience. However, giving control of your property to someone else might be unsettling.

How can you pick a property management firm that would look after your house the same way you would?

Here are 6 tips for choosing a property manager that’s right for you.

Look for a list at the end of sample questions to ask when you’re interviewing your future property manager.

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Go local.

You want a company that has in-depth understanding of the neighbourhood market and all pertinent local, state, and federal laws when choosing a company to take care of your home. Additionally, you want someone who has strong ties to the reliable maintenance and repair companies in the area. The finest property management company for you will be a nearby business with strong ties to the neighbourhood.

2. Check out referrals.

Obtaining a list of property management businesses can simply require one conversation with your real estate agent, neighbour, or friend. However, follow up on every referral. Check out review websites like Google, Facebook, or Yelp to learn more and see things from different angles. While it’s true that some people like to complain on review websites after a bad encounter, these sites also provide a quick way to get a fuller picture of a company. To ensure that the business has no complaints, you may also check the Better Business Bureau before accepting any referrals.

3. Decide on a large firm or boutique experience.

There are many different types and sizes of property management firms. It could be only one individual, a small business, or even a bigger organisation. Which one fits you best? You might be concerned that working with an individual won’t provide you access to all the services you require. You could be concerned that working for a larger corporation will reduce you to a number on a list. As a property owner, consider carefully what degree of service you require and make a decision based on your preferences. Choose residential property management firms over those that are more interested in managing commercial properties. Long-term residential rental specialists are likely to have greater experience with the several specialised challenges that come with it.

4. Aim for a full range of services.

Whether you choose a property management firm or a single property manager, make sure you’re receiving the best value for your money. All rental advertising, application vetting, legal paperwork, property inspections, rent collecting, accounting and reporting, and maintenance should be handled by a full-service property management business. Select a company that has experience remodelling and selling investment properties if real estate is your area of interest as an investment.

5. Make sure the property manager is licensed.

California Business and Professions Code 10130 states that a property management company must possess a broker licence granted by the California Department of Real Estate. Property managers who recruit tenants, negotiate leases, or collect rent must at the very least be associated with a broker who manages properties and have a salesperson licence. If you foresee a property manager handling any of those duties on your behalf, make sure they are licenced by the appropriate state agency.

6. Listen to your instincts.

Trust your instincts, as you should in so many situations. Check out the company’s online and offline presences. Will they be able to effectively promote your home and draw tenants if they can’t do it for themselves? Before selecting if a property management business is the appropriate fit for you, schedule a personal appointment with them. Have your interview questions ready and be prepared.

Take the time you need to gauge your level of comfort with the information you’ve discovered after thoroughly investigating the property management firm. Go with your gut. Do you feel at ease leaving your house in this company’s care? Consider the situation from the viewpoint of potential tenants as well. Would you like to rent from this person a house?

Selecting a property management company is a crucial choice that can mean the difference between a hassle-free and problematic experience. Make the extra effort to locate a business that will uphold your rights and protect your property just as you would. You will be glad you did!

5 types of property managers

As a landlord, knowing the various kinds of property managers helps. After studying the different types of NRI property management companies, you can make your selection. You must understand that the services and charges of varying property managers vary, too. Keeping your budget and requirements in mind, you can hire a property manager that ticks all the boxes.

What are the different types of property managers?

The five different kinds of property managers are as follows.

  • Individual Agent Property Manager

Hiring an individual agent as your property maintenance services manager may not be a good idea. They are not professionals and do not have much to offer. Neither they operate legally, nor they are insured. Merely having a license is no guarantee that they provide expert services. Instead of hiring sole agents, you are better off managing your property on your own. Such property managers handle between 1 to 50 homes.

  • Side business Property Manager

A side business rental management company does not focus much on managing properties. Many times, they appoint one or two administrative staff to oversee the management of the property. They also allocate an individual agent who may help you out in leasing, but such appointees are not actively involved in the day-to-day management of your property. Usually, a side business property management company manages about 50 to 200 homes.

  • The Lonesome Ranger Property Manager

Lone ranger property managers are professional, communicative, and well-trained in managing properties.  Like any professional rental property management company, they adjust to your needs and develop creative solutions to reduce your costs. Although they may be expensive, they perform a good job.

The downside of hiring lone rangers when you rent your property is that they cannot be around all the time. When they become sick or go on a vacation, you do not have anybody to supervise your property.

Compared to the specialized rent management companies, lone rangers may also not get vendors speedily for repairing works and at discounted rates. Lone rangers have portfolios within the 30 to 100 range.

  • Average-sized Portfolio Property Manager

Working with a small to medium portfolio property manager is a hassle-free experience; they are consistent and reliable. For example, a prominent property management company in Delhi NCR has one man as your only point of contact and an admin backup team.

A reputed average-sized property management company in Delhi controls between 100 to 500 houses, with individual managers handling 100-200 portfolios.

  • Large-sized Property Management Company

National brands managing between 500 to 1000 portfolios come under this category. By hiring a large-sized property management services Gurgaon, you do not end up spending a lot. Such companies use their size for increasing efficiency.

On the flip side, such property manages are not flexible because they have to coordinate with many departments. Moreover, there is less accountability as the blame (in cases of mishaps) falls on more than one department.

Although departmental property management companies provide a single point of contact for homeowners, coordinating with several departments is time-consuming.

FINAL THOUGHTS

When looking for a property manager, you must do your research well. Know about the different kinds of property managers and what they have to offer. One of the essential advantages of property management companies is that you do not have to worry about anybody breaching your property. Therefore, only know what to expect from the property manager that you’re hiring. Importantly, take a balanced decision after you consider all the related aspects.

Benefits of property management

The benefits of hiring property maintenance services providers are manifold. First, because property managers add value to your rental property investments, many veteran property investors suggest working with them.

Let us now study the various benefits landlords can enjoy while choosing to go with rental management companies.

  • Trustworthy tenants

With a property management company, you can be assured of the quality of tenants. A property management company in Delhi NCR follows a reliable verification process that helps to sift out tenants who pay rent on time and rent out for the long term.

  • Avoid legal hassles

By working with the top-ranking rental property management companies, you can avoid legal headaches, which is the case if you have bad tenants. The best property managers are well-versed with the property laws and can protect you from getting entangled in legal disagreements in cases of bad tenants.

  • Lower Maintenance Charges

If you work with a property management services Gurgaon company, you can use the firm’s in-house maintenance workforce for the general upkeep of your property. In turn, you save money that otherwise you would end up spending on hiring an external maintenance team.

  • Assured Rent Collection

Another benefit of working with a property management company is that you need not worry about rent management and collection. The property managers have you fully covered with the power to apply lease policies in cases of difficult tenants.

  • Retain the value of your property

A well-established rental property management company helps to maintain the value of your property, too. Property managers have several years of expertise and can help in detecting maintenance problems during the early stages.

Now, by conducting the mandatory repair works on time, you prevent the issues from worsening. In the process, you save expenses of more extensive and costlier repair works that you otherwise would need to complete at a later stage.

Preventive maintenance is key to maintaining and raising your property value when you rent your property. As part of preventive maintenance services, property managers carry out maintenance checks and inspections regularly and report efficiently.

The best NRI property management companies also provide valuable suggestions on whether you should opt for upgrades or modifications to increase your potential rental values.

  • Representative for tenants

As a landlord, you do not want to deal with tenant issues. Here, you have to appoint the property management company in Delhi to deal with any tenant issues on your behalf.

Besides handling tenant complaints, property managers give detailed reports to the landlords. As a result, you do not have to get directly involved in the process and can get more free time to devote to other, more important matters.

  • Reduce tenant turnover

One of the advantages of property management services also lies in the fact that property management companies can help in reducing the tenant turnover rate. Tenants may also be willing to pay higher rent (if the landlord demands) if they are sure of the quality of services.

About LuXia LLP

We at LuXia have been managing properties of NRI and other clients for several years now. So, if you want to save yourself the trouble of scouting high-quality tenants and property maintenance jobs, only approach us.

We have a reliable screening process to get you good tenants who do not cause much wear and tear to your property or pose undue problems.

Contact us today to know about our best property management deals!

contact@theluxia.com |   +91 9810505543

Protect your home this monsoon from mosquitoes and flies with these incredible indoor plants…aesthetics is an added advantage!

Mosquitoes are harmful in various ways. Not only do they give you itchy skin, but also they can cause dengue, malaria etc.  Mosquitoes are attracted by body heat, carbon dioxide, lactic acid, and sweat. Of course, you can avail a host of mosquito repellant chemical sprays to repel them. However, such chemical-laded sprays can adversely affect people.

Instead, you must consider going with natural remedies to ward off mosquitoes. And in the line of natural treatments for bugs, the option of placing mosquito repellent plants for home is worth pondering over. Then, you can enjoy your time in the gardens without having to bother about pests.

Additionally, indoor plants add to the aesthetic appeal of your private spaces. Only with a little investment and effort, you can keep your home mosquito-free and pristine.

So, here we have listed 5 indoor plants to take your pick from

  • Citronella

The leaves of the citronella plant are a common ingredient in mosquito repellant products. You can also crush the leaves and follow by rubbing on your skin to repel mosquitoes. Also, the plant has a sweet lemon essence that can effectively drive away mosquitoes.

Also, if you talk to your property maintenance company, they will advise growing your citronella plants in the ground or large-sized pots. And as a tropical plant, they bloom in warm weather and sunny conditions. For added benefits, you can spray fertilizer regularly or expose them to artificial light during the winter season when the days are short.

Only make sure you buy genuine citronella mosquito repellent plants indoor India; they resemble thick grass and do not come with broad rippled leaves.

  • Lavender

Lavender plantMore commonly, lavender is planted in the outdoors for deterring wildlife. Even so, you may want to consider indoor plants that repel roaches such as the lavender ones for a mosquito-free environment.

In your home indoors, you must keep your lavender plant at the windowsill for it to receive abundant sunlight and optimal airflow.

In lavender plants, you can choose between the English and French ones; the former is easy to place indoors while the latter has a stronger fragrance which helps to repel the bugs.

  • Lemon Balm

Lemon balm with its citrus scent helps to deter mosquitoes and doubles up as a welcome addition to your home plant collection for aesthetic benefits.

The green-colored leaves of lemon balm plants smell like both lemons and mint. Only take a handful of leaves and crush and follow by rubbing on exposed skin to ward off mosquitoes.

Also, always grow lemon balm plants in pots and place them in your garden or at the back door. They do not need much sunlight which makes them easy to manage.

To derive the benefits of having indoor plants from your lemon balm plant, you can pluck out any flower buds that begin to form. If you allow them to flower, the leaves tend to lose their fervent aroma and cease repelling mosquitoes.

Another way of using the plant to enjoy its goodness is to add a few leaves to prepare lemon tea. By doing so, you can prevent the plant to become large which it does if growing well.

  • Basil

Basil indoor plantIn India, many households have Basil or Tulsi indoor plants for home for their rich medicinal value. Plus, the leaves are added to a variety of dishes for exuding flavor. Besides, the pungent smell of the plant makes it a fantastic anti-mosquito herb. They ooze a scent without you having to touch or crush its leaves.

The essential oils in basil keep the bugs at bay. Simply take a few leaves from the basil plant and massage on your exposed skin for averting mosquitoes.

Fresh basil leaves can also be added to dishes, in addition to enjoying their pest-repellant qualities.

For your basil plant to grow well, place the potted basil in sunlit windows and be sure to water it periodically. Moreover, you must use well-draining soil to grow basil, for the plant does not thrive in dry conditions.

  • Catnip

Catnip Plant for mosquito repellantCatnip is a member of the mint family. Catnip plants grow fast and have a strong scent that helps to repel bugs. Nonetheless, your interior designing company will advise keeping your catnip plant near sunny windows and watering it regularly. Apart from that, pick out the leaves as soon as they develop for the plant to grow more leaves.

Similar to lavender, catnip plants become large over time, so you may have to divide the plants if they become very big for your windowsill.

Of course, if you own cats, then ensure to keep your catnip plants in hanging baskets or high shelves.

For driving away mosquitoes, you simply have to crush catnip leaves to rub on your skin.

Get your indoor plant to protect your home from mosquitoes today!

Aside from being infuriating pests, mosquitoes pose a host of risks. So, investing a little effort to keep you home free from mosquitoes is worthwhile.

Mosquitoes breed in summer and warm conditions, so you need to take the necessary precautions at such times.

To keep away mosquitoes, you must not keep any stagnant water in your home, for they breed in wet environments.

More so, you can protect your home by having tight screens on your home windows and exposed vents.

Only with some aromatic plants, along with a few basic changes around your home, you can enjoy your summers without having to worry about mosquitoes and chemical sprays.

Looking for a interior designing company in Delhi NCR? LuXia can help!

Get in touch with us.

contact@theluxia.com |   +91 9810505543

 

Latest Bollywood Release Gulabo Sitabo helps to better understand how property management services can benefit you!

The benefits of using a Property Management Company are manifold. By watching the latest Bollywood movie Gulabo Sitabo, you can learn that how by not hiring property managers, you run the risk of losing your property. More so, you can know how to increase the rental values of your property by availing property management services.

The term ‘Gulabo Sitabo’ originates from conventional glove puppet theatres of Uttar Pradesh in North India. Also, the show has two heroines namely Gulabo and Sitabo. Sitabo is the jaded and overburdened spouse. And Gulabo is the enticing mistress of Sitabo’s husband.

Just like both protagonists Gulabo and Sitabo are constantly at loggerheads with each other, Mirza and Rastogi are wrangling throughout the movie ‘Gulabo Sitabo’.

By using our property management services and with our property manager being a single point of contact for you and your tenant we can help you avoid those uncomfortable conversations and dealing. In fact it helps a lot to use professional services both – as a landlord and as a tenant to avoid any disputes and for a comfortable “renting”.

GulaboSitabo – The Movie

Shoojit Sircar deserves applause for making people familiar with the intricacies of tenant and landlord relationships through this film.

The movie hovers around Fatima Mahal, which is a dilapidating mansion or Haveli in Lucknow.The owner of Fatima Mahal is Mirza’s wife, Fatima Begum, who is portrayed by Farrukh Jaffar. Amitabh Bachchan essays the role of Chunnan Mirza Nawab, who is the husband of Fatima Begum. And Mirza longs for the death of his wife so he can gain complete control of the haveli.

The rooms of Fatima Mahal are leased to several tenants; most of whom do not pay enough rent. One of the tenants of the haveli is Baankey Rastogi; Ayushman Khurana portrays his role.

However, Mirza and Rastogi are always squabbling. Because Rastogi fails to pay his long-overdue rent and comes up with different excuses for not coughing up the money every time; even though, Rastogi pays lesser rent than the other tenants.

Plus, Rastogi is constantly nagged by Mirza to clear the dues. Then, one day, in a fit of anger, Rastogi kicks the wall of a toilet block that comes tumbling down. This enrages Mirza and he demands Rastogi bear the wall repair charges. Expectedly, Rastogi refuses to meet Mirza’s demands, leading to legal tangles between them.

How LuXia could have helped Mirza (The Landlord)

Now, Mirza would have benefited; if he had availed Luxia services that come under the property management of landlords.

Here’s how:

  • Upon hiring our property maintenance services, his property would have been well-managed and maintained and, in turn, his toilet wall would not have collapsed.
  • With proper knowledge of property legal services and transfer of title, he would stand to benefit by taking the necessary action to save his property
  • Property managers would’ve helped maintain the requisite documentation of property papers
  • Property management service companies could’ve conducted verification of his property documents
  • Drawn a legal rental agreement between the tenant and landlord, mentioning the duration of stay and monthly rent charges
  • Been aware of how the tenants were planning to usurp his property and taken steps to thwart their devious plans
  • Developed better rent management skills, while charging higher rent, to avoid the tenants taking advantage of the situation
  • Hired interior designers to remodel the haveli and, thus, gained from higher rental values
  • Through property registration services, and via legal channels, he may have salvaged the mansion

Save your “Fatima Mahal” by using our Property management Services

So, we have seen how Mirza lost his ‘Fatima Mahal’ because he did not avail the benefits of professional property management services. Do not be like Mirza, smarten up and save your property from being taken advantage of.

Call us now and let us discuss how our property managers can help you reap rich dividends with our viable solutions.

contact@theluxia.com |   +91 9810505543

Interior Designing with a Property Management Company: Why, How, What?

There is a huge difference between interior designing your home for yourself and for renting.

When you design your home for yourself, the usage and comfort of your family is the chief consideration. On the contrary, rentier interior designing is aimed at raising its value.

That does not mean that the utility and comfort of prospective tenants are out of the picture. It’s just that it’s not the main concern in the case. That’s the reason why designing your home as an absentee owner is best done with property managers.

Why should you hire a Property Management Company for Interior Designing?

Let’s get straight to the reasons:

  1. Know Your Tenant before they Move-In

Property Management Services for NRIs carry out dedicated rental management services. Property Managers carry out neighborhood surveys and know the kind of tenants that your property is likely to fetch.

You can get the interior designing done keeping in mind the usage and comfort of your prospective tenants.

This converts to higher rental incomes and thus you can invest more in interior designing. This in turn ensures that your property remains in high demand and consistently increases its value.

  1. Better Management of Expenditure

NRI Property Management services carry out detailed budgeting exercise to forecast your rental income.

you know the earning from your home in advance, you can decide better how much to invest in it.

This also ensures that there is no extra burden on your pocket while you are away. The interior designing is done gradually instead of in one go. Property managers keeping the tenant needs in mind. High priority interior designing tasks are carried out first. Most importantly, all the designing expenses are most likely to be borne out from the rental income itself.

  1. Your Home Deserves the Best – So do your Tenants!

You could be enthusiastic about interior designing. You may even know about the latest trends and designs. However, that is of little value when you are away. We will see below how your interior designing knowledge, insights and preferences could be put to good use.

Let’s understand for now that interior designers from property management services are best suited to makeover your home.

Why?

  • They have the knowledge about local trends.
  • They can gauge the needs of the prospective tenants better.
  • Discussing ideas with them ensures that your home and tenants get the best out of two designer’s opinions. (You would be a bit of an interior designer too!) Few people wish to leave their home entirely in the hands of property management companies!
  • Property Managers and Interior Designers know the vendors. They often deal with them. The vendors charge them lesser than an occasional customer.
  • It is tough to take care of finer details when you are away. Interior designers are trained to deal with them.
  • You save time, money and energy on interior designing. Besides, interior design from specialists is sure to leave a great first impression on tenants during walkthroughs!

Is Hiring Property Management Company for Interior Designing enough?

Interior Designing is a sort of an exception in all the property management tasks. Unlike rental management, property maintenance and budgeting, owners can have a greater say with interior designing.

Rentier interior designing is much different from the usual interior designing for home. Here are a few tips that help you achieve maximum value increase with controlled expenditure. Using your interior designing imagination in tandem with professional interior designers from Property Management Company would be really fruitful.

  1. Spatial Designing

The spatial needs of tenants could vary. They could be entirely different too. The rule of the thumb is keeping the design as spacious as possible. It ensures that prospective tenants will seldom dislike your property.

  1. Dark Flooring

Tenants use homes differently than owners. They do not bother about renovations and maintenance. Choose dark flooring and dark-colored carpets for interior designing of house. That reduces maintenance and renovation costs. They would not have to be deep-cleaned or replaced every season.

  1. Neutral Paints

Unlike interior designing for yourself, you would have to control your designer urges in case of wall paints. Just keep it simple! Avoid experimentation!

Tenants focus more on functionality of house than style. It is important to choose paints that help the natural lighting of the interiors.

Always buy a little extra paint for mid-season or end-season finishing. That helps maintain a fresh look of the interiors.

  1. Comfortable Bedrooms

Consider investing in the comfort side of bedrooms. They should be spacious and well lit. There is no harm in taking the property manager’s advice regarding in-vogue trends for interior designing for bedroom. They would know better about tenant expectations.

  1. Tenants place special emphasis on Bathrooms and Kitchens

Prospective tenants would turn down your home if they are not satisfied with bathrooms and kitchens. Good looks are no substitute for highly functional and easy to use bathrooms and kitchens.

The fittings need not be stylish, but they should be strong. Ensure lots of working and storage space in interior designing for kitchen.

The bathrooms should be easy to clean for the tenants. Choose the tiles and flooring accordingly. Avoid too many and bulky fittings. Focus on the quality of fittings rather than looks.

Making your Interiors attractive for Renting

There is plenty else that you can do to compensate for the style element. The look and feel aspect cannot be neglected in totality. By asking the interior designer to focus on a few simple things and cheaper measures, your interiors would look pleasing.

  • Make de-cluttering the entire space a priority by adjusting objects. Push the extra furniture items to the store.
  • Replacing the old switches imparts a new look and reduces repairing hassles.
  • Make sure that the lighting blends nicely with the new interiors. Allow natural light to do its wonders.
  • You need not control your creative instincts while choosing the curtains. They have a huge bearing on the overall looks.
  • If there are large open spaces, divide them into two or more smaller spaces. Each of these spaces can have a meaning and purpose of its own. Again, no need to repress your creative skills here!
  • Adding a few paintings and sculptures here and there will send a positive message to the tenants.

Make your Home the first choice of Tenants with Professional Interior Designers

There cannot be a definite formula for interior designing a rental property. Much depends upon tenant preferences. However, simplicity, maintaining spaciousness, quality materials and fittings and cost-efficient decoration are the rules to go by. Backed by the experience of an interior designer, you can convert your home into a highly functional and charming space.

With the services of a professional interior designer from a property management company, your home would be the first choice for tenants.
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    NRI Rental Property Management Services Generate Steady Rental Income and Higher Property Values

    Managing your property from far away is an arduous task. Few NRIs think of selling their property if it is located in a posh locality. However, NRIs that own property in India have multiple anxieties.

    There are two main roots of these anxieties.

    There is the issue of safety and upkeep of the property. Parallel to it is the concern regarding the loss of value invested into the property.

    No one wants their property to be used for wrong purposes or by irresponsible tenants in their absence. Still more, a property that is not maintained depreciates in value. Eventually, it loses out in the rental and resale market. It might even become unliveable!

    Thanks to the professional property management companies, NRIs can now relieve themselves of their property maintenance burdens. Often, a property management company combines various interrelated services. For example, rent management and maintenance over a period of time go hand-in-hand. Similarly, pre-possession formalities and preparation of registry papers are usually done in quick succession.

    The overall focus of NRI rental property management services is the following:

    1. Allow the NRI homeowners to convert their property into an income-generating asset rather than a liability.
    2. Manage the various billing, paperwork, legal, and agreements related formalities in the absence of the property owners.
    3. Ensure good upkeep of the property so that its value gets enhanced gradually.
    4. Help the homeowners who stay away from their property to keep control of their property remotely. Involve them in all important decisions. Supply them regular reports. Allow them to participate in real-time in the renovation, repair and, interior designing.

    No NRI would want their property to lie in waste when it can generate a steady income. The underlying logic of rental property management for NRIs is as follows.

    Professional property managers ensure you maximum rent from your property. A fraction of that rent goes into maintaining the property. A part of the savings from the rent goes into repairs, renovation, upgrades and, interior designing. A small fraction goes as the charges of property managers. The remaining amount is your income from your property.

    While you earn your income, your property is being maintained for you. Besides, the value of your property keeps on increasing all this while. Basically, it is a triply beneficial deal for a very small fraction of charges. Besides, you save your precious time and energy.

    How can Residential Property Management companies ensure you steady rental income?

    Professional Residential property management companies maintain a dynamic database of prospective tenants. They market your property in the rental market to reduce the vacancy period to a minimum. They also ensure that your property derives the maximum possible rent by highlighting its advantages.

    On the flip side, the company would also ensure that competitive rents are set. Your property would thus not lose out in the rental market. Timely collection and transfer of rent from the tenants is also the company’s responsibility.

    What all services can you expect from Property Management Services for NRI?

    Generating rental income from your property is the foremost task. Much else needs to be done for overall property management.

    #1. Finding the Right Tenant

    Doing a proper background check is an essential property maintenance service. You would not want your tenants to have questionable backgrounds. Besides, property managers will carry surprise inspections to ensure that your home is used for productive and positive purposes,

    #2. Maintaining the Property

    This is the next big responsibility of Property management services for nri after rent management. It has three aspects:

    • Bills and Maintenance Charges: Property managers would make sure all the bills are paid in time. Besides, there could be housing society monthly/annual maintenance charges as well. With a property management service you would no more need to keep a checklist of dues.
    • Regular Repairs: Repairs have to be made after the tenants leave. Before a prospective tenant is coming to have a look, everything should be in right place. There are plenty of fittings to be checked for their functioning every month. Property maintenance services maintain links with plumbers, electricians, masons and carpenters etc. to carry out regular repairs.
    • Renovation and Interior Design: Sometimes, your property would require refurbishing both from inside and outside. Its interior design could have become outdated and the paints too dull.

    Your property should remain attractive to tenants. Besides, it should keep up with the changing trends so that it can compete for value. Property management companies will contact you to confirm all the details of renovation. With periodic visual reporting system, you can decide when to go for refurbishing. You can even participate with designers in real-time from remote location as your home gets a new look.

    #3. Documents and Pre-possession Formalities

    Rent agreements have to be signed with tenants. In case you have just bought the property, it has to be registered with the authorities.

    There are about a dozen documents that a new owner needs to obtain.

    These include allotment letter, land-use certificate, mother deed, occupancy certificate, transfer certificate, NOCs, receipts of the property tax etc.

    However, with the experience of property managers, you are ensured to not miss out on any crucial document. Your property would not run the risk of overstepping any local, state or national regulations. It would always comply with latest property laws.

    There are a number of other pre-possession formalities that your property management company can do for you. These include:

    • Checking the quality of electricity and water connections.
    • Seeing that bathroom and kitchen fittings are working.
    • Inspecting the woodwork and tile-work.
    • Ensuring the parking space.

    Overall, it is meant to ensure that the seller/builder has kept the word.

    With Rental Property Management Services, NRI owners can now Relax!

    Creating a rental income channel from your property as an NRI homeowner has become a lot easier. You would also be ensured that your property increases in value gradually. Favourable markets play their role, but good rents and higher value can only be ensured by good property management. Thus, you need to relax by entrusting your property in the hands of a competent property management company.

    Get started with our NRI rental property management services.

    contact@theluxia.com |    +91 9810505543