PROPERTY MANAGEMENT
: This includes finding and screening prospective tenants, preparing and managing lease agreements, handling tenant communication, and addressing tenant concerns.
: Property managers coordinate both interior and exterior maintenance, including landscaping, repairs, and routine inspections to ensure the property remains in good condition
: Services include collecting rent, creating and managing budgets, paying invoices, managing taxes, and providing regular financial reports to property owners
: Property managers advertise available spaces, market the properties, and conduct tours for prospective tenants
: Ensuring compliance with local landlord-tenant laws and regulations
Property management companies may offer full-service options, handling all aspects of property management, or provide partial or à la carte services to meet specific needs1. Some firms even provide on-site managers for 24/7 availability and hands-on management. Property management is especially beneficial for property owners who lack the time or expertise to manage their properties themselves, or for absentee landlords. In India, the demand for property management services is growing, particularly in major cities, due to increasing rental trends and a growing need for professional property supervision