What is a Home Loan or a Housing Loan?
Property management services are important because they ensure the efficient operation, maintenance, and preservation of real estate investments, and relieving property owners of the burdens associated with day-to-day management, while maximising their financial returns.
At Desirenest, we offer expert property management services which includes the end-to-end proper care of the property and hence increasing the monetary value and returns . Our goal is to help property owners focus on their work or businesses while still enjoying the good returns on investment from their residential and commercial properties. We provide top-notch international-standard property management services. Our team consists of trained professionals with extensive experience in the field. We follow strict procedures and ensure that you are always kept informed about the ongoing.
Why choose Desirenest?
Well, at Desirenest Properties, our Property Management and Sales teams are local, and our office is right in Bangalore. This means that if you’re a property owner, you can feel confident that we understand the city and its people. Our office near Kanakapura road makes it easy for both current and potential tenants to reach us.
The Desirenest Properties team has extensive experience in the Real Estate industry. We have a great track record of finding the right tenants for your property, regularly inspecting properties, paying attention to details, and taking care of all managed properties. We also use the latest real estate technology to stay flexible and keep up with the ever-changing market and current trends.
List of Services we offer
The list of the Property Management services we offer are mentioned below with their brief details.
1. Property Assessment:
- We assess your property and figure out the right rent amount.
- We thoroughly document the interior and exterior views of the property with photos.
- We suggest any repairs or improvements that can increase rent and give you a good return on investment.
- We collect information about rental rates for other properties of similar type and size in the area where your property is located and help you decide the best rent price. It is mentionable that rent rates for a property depends mostly on the type and size of the property and also in the area where it is located.
- We also discuss with the owners the pros and cons of different policies like allowing pets or smoking in the property and provide information about their advantages and disadvantages.
2. Renting Out Your Property:
Getting the Home Ready for Rental Purpose :
- We provide cleaning services to the property and make it look its best inside.
- We spruce up the land scaping to make it more appealing from the outside.
- We create ads that specifically showcase your property and use the right advertising channels to reach the targeted and potential profiles.
- We arrange appointments with potential tenants for property viewings during the week and on weekends.
- We provide prospective tenants with rental applications that follow fair housing laws.
3. Screening and Selecting Tenants:
- We conduct tenant screenings by checking their background to confirm their identity, income, credit history, and rental history.
- We rate tenants based on pre-established criteria.
- We also let tenants know if their application is not approved.
- We ensure that the right profiles are only shortlisted for the property.
4. Tenant Move-In:
- Create a rental agreement for the property.
- Confirm the move-in date with the tenant.
- Explain the lease rules to the tenant, like rental payment terms and required property maintenance.
- Make sure all the agreements are properly signed.
- Check the property carefully with the tenant before they move in and have them sign a report confirming the property’s condition.
- Collect the first month’s rent and a security deposit from the tenant.
5. Rent Collection:
- Receive the rent payment.
- Chase down late payments if needed.
- Send notices to tenants who haven’t paid their rent on time.
- Charge late fees if necessary.
5. Rent Collection:
- Receive the rent payment.
Chase down late payments if needed. - Send notices to tenants who haven’t paid their rent on time.
Charge late fees if necessary.
6. Evictions:
- Fill out the necessary paperwork to start and finish the process of legally removing a tenant.
- Work with law enforcement to remove the tenant and their belongings from the property.
Provide legal advice if there’s a disagreement or litigation. - Refer to a qualified lawyer to the property owner when necessary.
- Understand and follow the latest rental laws at the local, state, and federal levels.
7. Property Inspections:
- Regularly perform inspection of the property (inside and outside) based on a predefined schedule to find any needed repairs, safety issues, rule violations, or code violations.
- Send the property owner reports about the property’s condition from time to time.
8. Financial Services:
- Accounting: We handle the accounting matters for your property. This includes keeping track of expenses and income.
- Bill Payments: We pay bills on your behalf, such as the mortgage, insurance, and fees for the homeowners’ association (HOA).
- Record-Keeping: We keep a detailed record of everything, like invoices, leases, inspection reports, and warranties.
- Tax Advice: We provide proper advice to the owners about tax deductions related to their rental property.
- Monthly Reports: We provide easy-to-understand monthly statements that present a detailed breakdown of income and itemised expenses.
9. Maintenance, Repairs, and Remodelling:
- Maintenance Crew: We have a maintenance team that takes care of repairs and upkeep within your property.
- Preventative Maintenance: We make sure your property stays in good form by spotting and fixing issues early.
- Trusted Contractors: We work with reliable contractors who are licensed, insured, and provide fair pricing.
- Job Assignments: We choose the right people for the job (in-house employees, handyman and professional contractors) to ensure quality work at a reasonable cost.
- Outdoor Areas: We handle landscaping and maintenance of cleanliness of the surrounding area through our Domestic cleaning services.
- Larger Renovation or Rehab Projects: If the owner plans to make big changes to the property, we provide adequate advice on how the project can increase the rental income. We also estimate the costs, get multiple quotes, and oversee the work as a general contractor.
10. Maintenance, Repairs, and Remodelling:
- Property Inspection: When a tenant moves out, we check the property and create a report about its condition.
- Damage Estimate: We let the tenant know about any damages and provide a copy of the report.
- Security Deposit: We return the remaining security deposit to the tenant after deducting any necessary repairs or unpaid rent.
- Owner’s Share: If there are funds left over from the security deposit, we give that back to the owner or set it aside for future repairs.
- Property Cleanup: We look for any needed repairs or upgrades and provide cleaning and handyman services for the property as per the requirement.
- Lock Change: For security purposes, we change the locks of the property.
- Rental Listing: Finally, we put the property back on the market for rent.
Desirenest – Expert Property Management Team:
The Desirenest team possesses the qualities they value in their employees: integrity, reliability and commitment. They offer you the knowledge and insight that comes from many years of experience in the industry. They have a track record of achieving success, with a group of satisfied clients who can vouch for their outstanding service. When you decide to rely on these experienced and respected members of the Bangalore Real Estate Community to manage your most valuable asset, you can be confident in your choice.