A property management company should protect your investment and the selection of the company is not a decision to take lightly. It can be the difference between saving you money and costing you money.
Besides a review of the services offered and company management charges there are additional key factors and questions you should ask. One of the first requests should be to see the company Trade License and check their approved activities. There are various property management companies and licenses and depending on your requirements you may have to consider this more carefully. Companies with the License that includes "Real Estate Management Supervision Services" can offer management services but are not allowed to receive or collect rental funds in the name of their companies. For overseas owners that do not have local bank accounts this could present an issue in receiving rental payments.
If you require the property management company to receive and disburse your rental payments via their company you should check if they have made the capital commitment to the Government and review the activities on their Trade License that they are permitted to offer. This is to safeguard and protect owners and their rental proceeds.
All real estate and property management companies should also have a RERA Certificate which shows they are registered and regulated by the Real Estate Regulatory Agency.
Enquire into the company history, expertise, qualifications and longevity of staff. You need to have confidence in the Team and feel assured they will act in your best interests and look after your property. Honesty and transparency is paramount and you should be kept up to date and informed on all aspects of your Tenants & Tenancy contract, property condition/maintenance, rental funds & payments.
Ask for past and existing customer reviews and testimonials so you can see what actual clients think about the level of service.
Marketing exposure and advertising strategies are important to prevent periods of vacancy when looking for a Tenant as this will impact your annual financials.
The business model of the company may be a deciding factor for you. Do you wish to enlist to a company specialized in property management? Alternatively Real Estate companies in Dubai may offer management services as an additional division to their brokerage.
For details of Exclusive Links Leasing & Property Management services please visit our home property management page https://www.exclusive-links.com/propertymanagement . Alternatively please send an email enquiry to propertymanager@exclusive-links.com and our Licensed Property Managers will contact you to discuss all your questions and requirements.
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