Property Management Services in Vizag
Regular Property Inspections
-Rent collection in Vizag, also known as Visakhapatnam, is typically conducted through various methods such as bank transfers, checks, or digital payment platforms, ensuring landlords receive monthly rent payments from tenants efficiently and on time.
-Property owners or property managers often facilitate these payment methods to streamline the process.
-Regular property inspections in Vizag, or Visakhapatnam, involve scheduled visits to rental properties by landlords or property managers to assess their condition.
-Identify maintenance needs, and ensure that tenants are adhering to lease agreements. These inspections help maintain property value and safety.
Renewal of Lease
-When preparing an inventory in Vizag (Visakhapatnam), create a detailed list of your belongings, including descriptions and values, to document your assets for insurance, financial planning, and security purposes.
-Organise this inventory digitally or in hard copy for easy access and reference.
-When renewing a lease in Vizag (Visakhapatnam), landlords and tenants should review the existing lease terms, discuss any desired changes, and sign a renewed.
-lease agreement that outlines updated rental terms and duration, ensuring a clear understanding and legal compliance for both parties.
BIll Payments Assistance
-When seeking maintenance assistance in Vizag (Visakhapatnam), contact local service providers or property management companies for professional and prompt property repairs and upkeep.
-Clearly communicate your maintenance needs and schedule to ensure efficient and effective service delivery.
-For bill payments assistance in Vizag (Visakhapatnam), utilize online banking services or mobile apps provided by local banks for convenient and secure payment transactions.
-Alternatively, consider digital payment platforms such as Google Pay or PhonePe for efficient bill settlements.
|End to End Property Management||Property Management||Rental Management|
|Assign Property Manager||✓||✓||✓|
|Site inspection by Property Manger||✓||✓||✓|
|Take pictures of the property ||✓||✓||✓|
|Listing property in multiple channels||✓||❌||✓|
|Connect with prospective tenants and facilitate site inspection||✓||❌||✓|
|Background verification of the tenant *||✓||❌||✓|
|Prepare Lease agreement||✓||❌||✓|
|Collection of Security deposit & First month rent||✓||❌||✓|
|Facilitate tenant Move-in / Move-out||✓||✓||✓|
|Periodic property inspection (Up to 4 visits per year||✓||✓||❌|
|House Keeping *||✓||✓||❌|
|Repair & Maintenance *||✓||✓||❌|
|Follow up for Maintenance payment, Electricity & Water bills (in case of Vacancy)||✓||✓||❌|
|Free tenant search in case tenant vacating within first year||✓||❌||❌|
|Property Management Fee||0.75 x One Month Rent||0.75 x One Month Rent||❌|
|Tenant Finding Fee||0.5 x One Month Rent||❌||1 x One Month Rent|
|# Tenant already available or Landowner keeps it vacant|
|*Additional charges will be applicable|
|*18% GST Extra Applicable|
|Note: Property Handling will start any of the above tasks, only after getting a signed document from the owner. *Company must work with several organizations, their fees and incidental expenses are extra, and company cannot determine the exact cost when the “Property Management” document is prepared. **Company shall receive execution fee @ 10% on expenses (plus GST) of the major renovations|
Property management services in Vizag, also known as Visakhapatnam, offer comprehensive solutions to property owners, helping them efficiently manage their real estate investments in this dynamic coastal city. These services encompass various aspects of property management, including tenant management, property maintenance, financial oversight, and legal compliance.
Property managers in Vizag also oversee property maintenance, ensuring that rental properties are well-maintained and safe. They coordinate repairs and maintenance work through trusted vendors, conduct inspections, and handle emergency situations efficiently. This proactive approach helps protect property assets and ensures tenant satisfaction.
Financial management is another crucial function provided by property management services in Vizag. Property managers maintain detailed financial records, handle rent collection, and provide property owners with regular financial reports. This simplifies income and expense tracking, making it easier for property owners to manage their investments effectively.
- Do property managers conduct regular property inspections in Visakhapatnam?
Yes, property managers often conduct regular inspections to assess the property's condition and identify any needed maintenance or repairs.
- What happens if a tenant damages the property?
Property managers typically handle tenant-caused damages by coordinating repairs and deducting the costs from the tenant's security deposit.
- Do property management companies handle lease renewals?
Yes, property managers can handle lease renewals by negotiating terms with existing tenants and ensuring all necessary documentation is updated.
- Are there additional fees beyond the base management fee?
property management companies may charge additional fees for specific services like leasing or eviction assistance, so it's important to clarify the fee structure in the contract.