Dealing with Tenants & Churn

Managing tenants can be a challenging task for property owners, involving finding suitable tenants, conducting background checks, addressing concerns, and managing expectations. Landlords must handle rental applications, negotiate lease agreements, collect rent, and enforce rules. They may face issues like late payments, maintenance requests, and disputes, requiring prompt attention. Effective tenant management involves clear communication, proactive maintenance, and strong landlord-tenant relationships.

Negotiating rentals also poses challenges for landlords, as they need to balance maximizing income with attracting quality tenants. Setting the rental price too high may deter potential tenants, while setting it too low leads to financial losses. Finding new tenants and dealing with frequent turnovers incurs additional work, expenses, and potential financial losses. Overall, maintaining a profitable investment requires finding reliable, long-term tenants and ensuring a harmonious renting experience.

Maintenance & repair

Maintaining a residential real estate property can become quite a hassle when it comes to renting it out. The responsibilities that come with being a landlord can be demanding and time-consuming. From marketing the property, screening potential tenants, and managing rental agreements to addressing maintenance issues, collecting rent, and handling tenant concerns, the list of tasks can seem endless. Property maintenance itself can be a challenge, requiring regular repairs, upkeep, and dealing with unexpected emergencies.

Additionally, ensuring compliance with legal and regulatory requirements adds another layer of complexity. Landlords must be prepared to dedicate considerable effort, resources, and time to ensure a smooth and successful rental experience, or alternatively, they can consider hiring professional property management services to handle these tasks efficiently and alleviate the burden.

Uncertainity of Delivery

Despite the implementation of RERA (Real Estate Regulation and Development Act), the delivery of residential real estate in India continues to face significant uncertainty. While RERA has brought increased transparency and accountability to the real estate sector, challenges persist, leading to delays in the timely delivery of residential projects. Issues such as funding constraints, construction delays, and disputes between developers and buyers still plague the industry. Homebuyers and investors are advised to exercise caution and conduct thorough due diligence before investing in residential properties, ensuring they are aware of the potential risks and uncertainties that exist even post RERA.