What is the biggest mistake landlords/property managers make when renting property?

Few are my observation,
  • Not screening tenant back ground- Its mandatory to screen your tenant interms of origin, employment, credit report, criminal record and family size
  • relying on verbal agreements. Just don’t forget: this is business and there is no place for building personal relationships with clients.
  • Prefer cash transfer over On-line transfer - wire transfer keep you on track of transaction. you will not be mislead in transaction
  • Slow in rent collections and not taking immediate action on rent payments
  • Not knowing market rents and undercharging
  • Not understanding cost effective maintenance techniques
  • Not doing property inspections and resolving issues as they arise
  • Lack of professionalism, treating tenants as mates
  • Not renewing agreement on time with appropriate renal appreciation
  • Highly emotional while dealing tenant termination
Will add then and there…
PGN Property Management - An End to End property management in Bangalore.

Comments

Post a Comment

Popular posts from this blog

Who provides a good service on exterior cleaning in Bangalore?

Image
  When it’s time to give your home’s exterior a good cleaning, Whatsapp to +91 - 9 7 4 2 4 7 9 0 2 0. Your home will love you! When it comes to the inside of your home, you usually stick to a pretty regular cleaning schedule. But it’s easy to forget that the outside of your home needs some attention too! But after a long winter, all sorts of dirt, grime, mold, mildew, and other nasty substances can collect on your siding, windows, walkways, patios, and more. Cleaning your siding regularly extends its life and adds instant curb appeal to your home. Virtually every surface of your home can be “detailed” by us. Our friendly, janitors have the knowledge and equipment to clean your siding, windows, trim, flashing, gutters, decks, patios, and driveways. One phone call or Whatsapp and you can schedule your visit from us. House Washing Services We use two methods to wash your home soft wash or hand wash and pressure washing. Both methods are effective. For vinyl, wood, and delicate surface...
Read more

What is the format for an affidavit for a joint Khata transfer BBMP SAKA online service?

Image
When we apply for BBMP khata transfer through online (Sakala online service), Just one e-sign is accepted. As of now, no provision for multiple e-sign for one application It means, among the co-owners, only one owner can able to represent the khata transfer application. Hence it is mandatory to submit an affidavit for joint Khata transfer, to represent an applicant. Below is the format of an Affidavit for Joint Khata transfer. AFFIDAVIT FOR JOINT KHATA TRANSFER (Title should come at center) We, OWNER NAME 1 aged about __ Years, S/o __________________ and OWNER NAME 2, aged about __ Years, S/o ________________ both residing at _____________________, are applying for the joint Khata transfer for property, which is situated at No. ________________, In the ward No. ___ and zone _______________ of BBMP. PID Number/ Old Khata No/ Survey No is _____________, We both are the joint applicants for Khata Transfer, and we authorize OWNER NAME 1 for e-signing the application for Khata transfer on o...
Read more

Can you share a sample affidavit for a birth certificate by parents in India?

Image
  Below is the sample affidavit issued by Mother Below is the sample affidavit issued by Father A notarized affidavit looks like the below image, If you don’t have birth certificate or correction in birth certificate, it is mandatory to get birth affidavit from both mother and father. especially for visa purposes. Below is the step by step procedure to make an affidavit Step 1:  Prepare affidavit draft in word format. Step 2:  Buy Rs. 100 Non-judical e-stamp paper from nearest co-operative bank, court or register office. Step 3:  Print the draft on Non-judical e-stamp paper. Step 4:  Carry printed affidavit and supporting documents. Meet the notary public near you. Step 5:  Parents should sign affidavit in front of notary public. Notary public seal and sign the affidavit. Register in notary book. This completes affidavit execution. We provide affidavit service with notary. Our service includes home delivery. To opt for our service, please Whatsapp to 9 7 4 ...
Read more