Why Property Management Is Beneficial

Property Management

What is Property Management?

Property management is a service provided to owners to relieve them of the hassles and worries of managing their property. A property management team serves as a middleman between an owner and a tenant to protect the owner’s investment and ensure that all legal requirements are met, such as scheduling the condition reports, issuing rental checks, managing repairs, and giving renters the proper notifications.

What is property management's main advantage?

The owner’s peace of mind is the primary advantage of having a property managed. Knowing that an unbiased third party is defending their assets, deposits, and tenants, landlords may unwind. Property managers will handle and address any potential issues that may emerge, which may be time-consuming.

What services can Landlords expect from Property Management?

The following services are available to landlords to guarantee that their rental property is handled to the highest standards and to reduce their effort and stress:

  • The deposit’s collection, storage, and protection.

  • Documentation gathering and tenant screening.

  • Complete inventory during check-in and check-out for tenants.

  • Accompanied potential renter’s viewings.

  • A premium marketing plan includes listing your home on all the major property portals.

  • The tenancy agreement’s creation.

  • Painting, cleaning, applying pest control, and inspecting the A/C are all steps in the move-in preparation process (any maintenance at additional cost).

  • Connection to DEWA for both the landlord and the renter.

  • Key transfer and tenant check-in.

  • Tenancy registration on Ejari.

  • Arrangement for collecting rent.

  • Controlling missed rent payments.

  • Financial acquittal.

  • RERA adherence.

  • Maintenance and tenant management.

  • Contract renewal, including negotiating contract modifications.

Who often employs a property management firm?

Handling their property will benefit landlords who wish to eliminate the stress and headaches of renting out their investment property. Landlords may reside abroad, in several time zones, travel often, or lead busy personal and professional lives. Most of Nickson Realtors’ property management clients have extensive real estate portfolios and highly value the property management service.

Does the service run round-the-clock on all seven days?

The property management staff is reachable every day of the week. After that, our property management staff may communicate with dependable contractors available every day of the week.

When will the landlord be called, and why?

The major reason landlords are called is to get their approval for maintenance work on their property. Following that, a decision will be taken with the property management team over how to proceed with contractors. Also, a landlord will be called to get a status report on their investment. Depending on the landlord’s preferences, updates on the property may be sent weekly, monthly, or yearly.

How frequently will the property be examined?

The property management team performs a check-in and check-out inspection and takes pictures of the property to document its condition. Visual inspections are thorough and cover all areas of the property, including the inside and outside, from floor to ceiling. Also, the state of the appliances, fixtures, fittings, and the whole property will be examined.

How may a property owner increase the rent on a property?

According to RERA law, an owner may only request a rental increase if the RERA Calculation approves it. Based on the state of the market, the Dubai Land Department controls any price hikes. If a rent increase is allowed, it should be implemented 90 days before the contract expires to provide the tenant with adequate notice.

How long before of a tenant's departure must a landlord give them notice?

A tenant must be given 365 days’ notice before moving out if the landlord wants them to, and they must do so for one of the following reasons:

 

  • Selling the apartment

  • Failing to pay rent

  • Being unable to live there as their primary place of abode

  • The unit becoming uninhabitable

What is the value of a property inventory?

The most crucial aspect of the service is a property inventory. It is a qualified report describing the state of the property. The property inventory safeguards the owner against loss on their investment it ensures that, in the event of a disagreement on the unit’s state, both parties have access to a professional report.

Simple, transparent packages

Our professional property management experts would like to take care of your investment and your tenant.

Standard Package

  • Handing over keys to tenants for move-in and move-out
  • Rent collection
  • Renewal of tenancy contract
  • Moving in preparation and inventory
  • Registering Ejari
  • Managing tenant maintenance.
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Premium Package

  • Property key management
  • Rent collection
  • Renewal of tenancy contract
  • Moving in preparation and inventory
  • Registering Ejari
  • Financial Accounting
  • Dispute mediation and management of bad cheques
  • Power of attorney service
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