Benefits of Using a Property Management Company

If you just bought a property for sale in Dubai for a rental business, here are a few questions you might want to consider when you decide to become a landlord:

Can you manage your property while living/ travelling abroad? Are you prepared to deal with troublesome tenants? Will you have time to do administrative tasks, reports and accounting all at the same time? Finally, do you want to improve your rental business and ensure you sustain continued income?

If your answer to any of these questions is yes, then you need a property manager. Here’s what property managers can do for you.

Tenant screening

Assessing the credit character of prospective tenants will keep you away from cheque offenders and fraud attempts, but this will require tremendous admin duties. Property Managers can quickly weed out potentially headache-causing tenants right off the bat. They know a red flag when they see one.

Maintenance

Property management companies have an extensive network of contractors, vendors when your property requires maintenance. The repairs will be effectively monitored by them for quality and the work will be carried out in a manner so as to cause as little inconvenience to tenants as possible.

Accounting

If you have a lot of rental units, there will come a time when accounting becomes overwhelming.

Property Managers will prepare complete accounting records, including all financial transactions, payments and receipts, cash reconciliation, funds supplied for management, direct payments, disbursements, direct banking, commission schedules and arrears.

Lease & Tenant Management

All lease records are maintained by the Property Management Team along with the details of lease commencement and expiry and are updated regularly. For any requests received from tenants, the property administrator is the single point of contact.  Property managers can penalize or evict tenants when the situation calls for it.

Fewer legal issues

Not all landlords are completely familiar with Dubai real estate laws. In fact, it gets complicated sometimes. Working with an experienced property manager will ensure that you are in compliance with government regulations for every action or decision you make on your property.

Marketing

Property management companies will handle the promotions/ advertising of your Dubai properties using the most effective marketing strategies such as electronic advertisements, signboards and all other forms of marketing that may be required. Leads generated for your property for rent in Dubai from these promotional campaigns will be entertained and qualified by the property management company.

With a compelling marketing campaign, there will be less vacancy and ensure every rental unit has a tenant.

Peace of mind

Handling your business can be stressful. Having a property management company working for you will free up your time and let you enjoy your life knowing that a professional is overseeing your business operation.

Find the right company for you

Now that you know what to look for in a property management company, it is time for you to find the most professional and experienced agency. Rocky Real Estate has the right expertise and skills cultivated through the many years of their excellent service. They manage your property as if it is their own. Call them today and discover how they can help!