Investing in real estate in Dubai comes with ample financial advantages. One of them is using it for rental purposes. Suppose you have recently purchased one of the villas for sale in Arabian Ranches, and you currently aim at using it for rental purposes! But genuinely, managing this kind of rental property is not a straightforward endeavour.
As an investment property owner, you need to put your effort and time into simplifying the rental procedure – from performing effective tenant screening to other legal requirements. To facilitate the property management tasks, hiring a property manager can be a great decision.
A seasoned property manager in Dubai will take care of the entire rental process as they are familiar with the rules & regulations. They give attention to improving the profitability without causing any trouble. Here’s a rundown of the services a property manager will offer for maintaining your villa in Dubai.
Services A Property Manager Will Offer In Dubai
As a thumb rule, property management services in UAE are comprehensive. These services generally encompass refurbishment of a real estate and readying it after & before any occupancy. Regular maintenance such as pest control, painting, and thorough deep cleaning is a part of the services provided by these professionals.
After buying villas for sale in Arabian Ranches, you might get confused between services offered by a property management agency and a real estate company. But the truth is that a real estate company might have management supervision services (a form of property management). However, they still require power of attorney to perform a couple of tasks. Also, they can’t access the rental cheques legally on behalf of the owner.
Contrarily, property management professionals in Dubai have a government bond. Thus, when there are any issues concerning non-payment, landlords will need the recourse to safeguard the funds.
Bonuses of Hiring a Property Manager (for Landlords)
The basic role of a property manager is to protect the investment of owners. A landlord (in this case, the villa owner) will get other benefits such as
- Regular inspection during any tenancy
- Handover or hand back certification
In addition, property managers also work to maximise the ROI for owners, thereby reducing the maintenance costs. In a nutshell, here’s the rundown of the multiple benefits of hiring a property manager for maintaining your villa.
1. Property Advertisement
When a landlord fails to market the property properly, it does not generate any income. A property manager understands the strategies to promote & advertise the rental property through their contacts and sources. That’s how they ensure that the property gets occupied by tenants.
2. Maximises Returns
Calculating the value of your villa is imperative to evaluate an accurate rental price. Not to forget, the amount charged to the tenant is lower than the actual value. Property managers in Dubai conduct a thorough local market analysis, thereby identifying and calculating rental rates.
3. Screening Tenants And Finding Them
A property owner requires being cautious while conducting an effective tenant screening procedure. For this reason, checking the background before granting them the tenancy is essential. The process might be complex. But collaborating with a property manager will enable you to find the right tenants via tenant background checks and screening.
3. Writing Any Rental Contract
A rental contract or agreement must get signed by both parties. It ensures that no problems arise between the tenant and owner in the future. The professional also writes a rental contract stating:
- Responsibilities of both owner and tenant
- Rental price &deposits
- Tenancy term
- Maintenance policies
4. Villa Maintenance &Other Important Tasks
A proficient property manager will handle tasks related to your villa alongside issues between the owner and tenant once the lease gets signed. Hiring a professional will save you from regular tasks such as:
- Rent collection
- Addressing tenant complaints
- Undertaking repair issues and more
Besides, they also help in maintaining the villa. Maintaining your villa ensures its value does not get depreciated. So, your villa won’t encounter any significant damage other than regular tear and wear. The professional also drafts the reports of the property inspection. If you wish to invest in a villa listed on Ever homes, hiring a property manager indeed makes sense.