How do NRI's manage their properties in India?
Before I advise how to manage the property in India, let me tell that how you should not manage the property Never ever sub-lease your property. Never ever associate with a property management company or property manager who charge you recurring fee (Ex: month service fee, monthly commission, or recurring brokerage) Trust me, most property management companies in India use your property to increase company profit and are least bothered to pay your due returns. Most property management companies don’t even bother to think about your emotional attachment towards your property. For Example : Under market value: Sub-leasing companies undervalue your property with you. They pay less rent and security deposit than the actual market value. But they quote exceptionally more rent to tenants. Lack of information: Most sub-leasing company doesn’t share the true information of your property condition like tenant name, tenant profession, rent, security deposit drawn from tenant, how many people