Apartment Management
What is Property Management?
Property management is a service, provided in the real estate market, to property owners. It involves the management of personal property and physical assets by a professional organization for a client, usually the owner of the property. The range of support and maintenance services offered broadly include: safeguarding a vacant property, Document Verification of a prospective property, buying or selling property across residential, commercial and retail domains. The objective is to assist property owners to get the best value for and highest appreciation on their investment.
Why should I hire a property management company to manage my property?
One of the major reasons to use a professional property management company is that they have valuable experience and know how in handling different aspects of property transactions. These areas of expertise include dealing with government authorities, understanding legal processes, identifying and managing labour to name just a few. By entrusting your work to a reliable professional, you save time and effort. You enjoy complete peace of mind while your investment is protected and its value maximised.
Why should I choose Propkare instead of my friends or relative?
In today’s busy world, everyone has their own preoccupations and problems and personal time is precious and hard to come. Expecting relatives or friends to take on the responsibility of managing your property may be unrealistic and unfair. Relatives and Friends may not be technically qualified to execute your requirements.
Advantage of choosing Propkare instead of friends or relatives:
Asking questions or requesting clarifications may be misinterpreted as some suspicion on your part and may end up losing the relationship. In comparison, clearing doubts with an organization is uncomplicated.
Do you provide property related legal services?
Yes. Our legal team can provide a range of services, depending on your needs. You will be charged based on services requested.
In which cities do you operate?
Our services are currently available in Bangalore & Mysore. We plan to offer services pan India in the near future.
What is Vigilance?
Vigilance of vacant apartment is a system of safeguarding your vacant apartment by ensuring a system wherein a person periodically visits your property to verify the status – whether safe or under threat.
Who can make use of Vigilance Service?
- Any Individual having Interest/Rights in the property.
- Any Banks/Financial Institutions/Mortgages etc in whose favour the said property has been mortgaged/Hypothecated.
Comparison Statement showing advantages of using Propkare over others
| Question | Self | Friend / Relative | Employee | Propkare |
|---|---|---|---|---|
| Cost | High Cost(Fuel Expense +Miscellaneous) | High Cost(Fuel Expense +Miscellaneous +Obligation) | High Cost(Fuel Expense+ Salary ) | Very Reasonable Cost. |
| Time | Half a Day in your Week Off lost for every visit. | Half a Day in their Week Off lost for every visit. | Half a day lost. | Not Applicable. |
| Possibility | UnCertain, depends on your free time. | UnCertain, depends on their free time. | Hard to Monitor. | Professionally Done at Regular Intervals. |
| Periodicity | UnCertain,because many other commitments super seed this requirement | UnCertain, because many other commitments super seed this requirement | Uncertain because he has other regular work on hand. | Professional and Dedicated personal on the job, so accountability and periodicity are maintained. |
Why is the visit required approximately every 90 Days?
To moniter the Tenant, Household Furnitures, Plumbing & other fittings. And also to check wheater they are paying electricity bill regularly or not.
How much will it Cost me for vigilance per year?
Cost of Vigilance of apartment is 9% of the total rent income.
Example: For a 2 BHK Apartment the if cost is
Rent: 50000
Therefore Cost = 50000 / 9 = 4500 INR per Month
Pay Property Management Mentainence only when it is Occupied.