Property Management Services In Dubai

Running a rental property is more complex than it seems. There are many things when it comes to managing a rental property: cleaning, listing it on popular sites, decorating, regular maintenance, dealing with the tenants, or collecting rent.

While many people successfully manage to take care of their rental properties, others get overwhelmed with the abundant day-to-day tasks that come with property management. But there’s nothing to worry about.

Property management companies are there by their side. With their property management services in Dubai, these companies can meet the management needs of these rental property owners. But what exactly do these companies do, and how will landowners benefit by hiring them? Let’s read ahead.

What Role Do Property Management Companies Play?

Property management companies lighten the load on property owners. A property manager will oversee and manage the daily workings of their rental property. Let’s go over a few common responsibilities and roles of property management companies: -

Marketing and Leasing

The first thing your property management company would do for you after hiring them would be an initial walkthrough of your property. They would recommend the repairs and upgrades your property needs to make it look better and attract better tenants, along with decreasing the chances of high tenant turnover or extended vacancies

The property manager will also be in charge of marketing your rental property. It will include taking pictures, videos, showings, and website postings. Their job is to advertise your property eectively so that it can rent quickly and hassle-free.

Screening Tenants

Property management companies bring new tenants to your rental property. They are responsible for selecting, screening, and moving clients in. This means they will run credit and background checks and go through other steps before finalizing a tenant for your property.

Certain established property management companies have established criteria and documentation outlining what they consider before selecting a tenant. Once the tenant moves in, the management company will be responsible on your behalf for taking care of them and addressing their concerns and requirements.

Accounting and Collecting Rent

The property management companies will also take care of the rent collection. Some companies may also have authorized accountants specifically for this role. They will ensure every tenant pays rent on time and levy late fees on all those with late rent payments.

Also, in case a tenant refuses to pay the rent or empty the property, the management company will be responsible for following and starting an eviction process involving an attorney to assist them.

Maintenance and Management

A property manager of a management company handles the tenants’ maintenance requests and ensures everything is done on time. A landowner showing negligence or taking time to respond to the maintenance issues of the tenants will result in frustration and tenant turnover. That is why having a manager address the onsite concerns is useful.

These maintenance issues could be anything, including repairing, taking care of the damage caused by the tenants, regular cleanliness checks, and periodic walkthroughs to ensure the property is in good condition and the tenants are keeping it clean.

Apart from that, the tenants can also modify or make changes to the lease

Common changes may include changing the roommates and allowing tenants to modify the property, like repainting the walls, allowing pets, etc.

How to Choose the Right Property Management Company?

Whether you opt for an independent property manager or a full-fledged management company for property management services in Dubai, these steps will help you find the right pick for your rental property management

Get referrals — A referral is the best way to find the best property management company. Do you have any friends with rental properties, or do you know any real estate agents who convince you of a trustworthy property management services company? They can give you options to start with.

Also, check on Google or other search engines about the best management companies to gain additional insights and perspective.

Aim for an extensive range of services — Whatever company you hire, make sure you opt for the one that provides a large range of services, which means a better return on investment. Look for a company

oering rental property management services, rental marketing, property inspections, legal documentation, rent collection, reporting, and accounting, among other services.

License — Most property management services operate with a real estate broker or general management license. A licensed property management company means it has gone through a complete property management course and passed a state licensing exam. That makes them authentic and qualified for this job.

Conclusion:

Choosing a property management company can be a complex decision and make all the dierence in the working and management of your rental property, be it good or bad. So, make sure you put in extra eort in finding a company for rental management services in Dubai for your rental property.

If you’re looking for a reliable rental management company, you can opt for Relaxy Stay, oering various services, including property management, marketing, booking, guest communication, and even Airbnb cleaning services in Dubai. Their team of experts has years of experience in the hospitality industry. With Relaxy Stay, you can relax while the team takes care of everything for you.