PROPERTY MANAGEMENT SERVICES
Buying a property in Dubai is a great achievement and it’s not everyone’s cup of tea. Whereas it could be a tough job to turn your assets into a non-stop money machine. (Rental Income)
Bought a property but tired of daily follow-ups which is disturbing your routine job and killing your time?
Failed to judge a tenant or pushed by agents to rent it out to the wrong tenant?
Cheques getting bounced and don’t know what to do with tenant?
Is the company you are dealing with unable to give you a fair price and are not able to get a reasonable rental increase at the time of renewal?
Is the tenant being tricky and always coming up with demands to do repairs you are not supposed to do?
Is the agent or company you are dealing with not well aware of rental regulations and failed to follow due diligence?
Are you not receiving payments on time?
Are you receiving unfair bills for maintenance?
The list will go on and on. Putting your property in the wrong hands may result in serious issues in the future.
We at PROPERTY GUIDE REAL ESTATE are well experienced in taking good care of your property and ensuring that you get unobstructed income without any hassle. Our dedicated team, led by a professional PORTFOLIO MANAGER, will take care of all matters regarding the management of your valuable property.
Details of services we provide to property owners are see below.
Determining Fair Value
When you list your property with PROPERTY GUIDE REAL ESTATE, we carefully evaluate the market value of the property. This will be coordinated with our community experts and analyzed alongside contract values of similar properties registered recently. We always ensure that the property owner gets the maximum possible value.
Affectively Marketing
After determining value of your property, we immediately advertise it to best Online portals and at our websites. This is done when the landlord allows us to market the property. As per Current rules of Dubai Land Departments, property owner must provide a NOC to market the property. We Ensure that property we are marketing is having genuine Photos and illustration so it gets clicked by a eligible Client.
Screening A tenant
Choosing a good tenant is an art PROPERTY GUIDE is a master at. This is very important, and we take it seriously and perform with care. It needs to be done in three steps.
- Carefully checking the authentication of documents
- Holding a meeting with the potential tenant to examine if they are a reliable person.
- Judging the financial ability of the tenant to prevent bounced checks in the future.
We also screen their past tenancy records to help us gain assurance of the client’s reliability. We verify their source of income through salary certificates and conduct background checks with their employer to verify details.
Proposal and Approval
Once a client is screened and seems reasonable to have the property, we forward the proposal to the owner and ask his approval to proceed further. At no point do we act on our own, and everything is done with the prior approval of the landlord.
Drafting Contract
This is the stage where most people don’t take the required care, which results in disputes and may cause financial losses. PROPERTY GUIDE REAL ESTATE, with the help of a professional law firm, drafts the contract very carefully, keeping the landlord always on the safe side. We ensure all the terms and conditions are following Dubai laws, and no harm shall come to the landlord in case of any dispute arising between the landlord and tenant.
Cheque Collection and Deposit
Our dedicated staff at PROPERTY GUIDE REAL ESTATE ensures that all the cheques are written correctly and deposited on time into the owner’s account. We keep track of all the cheques with reminders and timely deposit them prior to due dates for smooth transactions.
Payment Reminder to Tenants
Through the integrated management system, a reminder is automatically sent to tenants a week before the rental cheque is due. This triggers a sense of payment in the tenant’s mind and prevents a bounced cheque, which, in turn, ensures smooth returns on investment.
Move-In, Move-Out Services & Relevant Repair Works
We not only provide services to the landlord but also ensure that a tenant who rents the property enjoys their stay. Our dedicated inspection team visits the property before the handover and after the takeover to check all the details, rectify any issues, and keep the property in good condition.
Maintenance Management
When we manage a property, we ensure the maintenance is done properly and the property is always kept in good condition. Once a tenant moves out, we send our team to thoroughly inspect the property, send a report to the landlord, and organize the repair work professionally and as soon as possible, as delays might result in losing rental income.
We always ensure that you don’t pay excessive bills. Repair quotes are carefully compared before starting any work.
During a tenancy, we periodically visit the property to ensure that the tenant is keeping it in a tidy condition, and we always urge tenants to take preventative measures to avoid any major issues.
Rental Increase & Vacating Notices
In Dubai, everything is governed by notices. Many owners are denied rental increases by tenants because they fail to send the rental increase notice on time. The agent you are dealing with may not be responsible enough to inform you, or you may forget to do it. At PROPERTY GUIDE REAL ESTATE, we take this responsibility seriously, and our team ensures that we carefully draft the rental increase notice, get it signed by the landlord, and send it to the tenant within the legal time frame.
We also help the landlord draft, process, and serve legal notices if requested. Our knowledge of the process helps the landlord execute the paperwork correctly, saving them time and money.
Legal Support
Despite all the care we take, a bad apple (irresponsible tenant) may end up in our basket. In such cases, we provide complete support to the landlord. Our team will guide the landlord throughout the process, from sending legal notices to vacating the property and recovering financial losses. We provide free services to the owner to fight the legal battle if a power of attorney is provided by the landlord.
