5 REASONS WHY YOU NEED A KEY MANAGEMENT FEATURE FOR YOUR RENTAL PROPERTY
Lata had five paternal properties and she wanted to let it out on rent. She posted her property on rent for free and got many calls from the prospective tenants. The problem was that she could not be there at the time of the visit to her property. When she couldn’t manage the visits she gave the keys to a caretaker who was appointed personally by her. She couldn’t keep a track of her rental property as she used to remain outside.
Her caretaker let her property on rent. She never had a meeting with her tenant during these days. Realizing that she won’t be coming ever to check the property and meet the tenant her caretaker took advantage of this fact and charged his commission too high. When she realized that she was not getting the amount she deserved for her property Lata did an investigation at her end. Also, her property got damaged as the tenant was not so responsible to treat it like his own. Then she got to know about the property management service of BivocalBirds. She availed of the services of key management at BivocalBirds and got a call within 5 minutes.
She got a dedicated relationship manager available for her who collected the keys from her destined location. The relationship manager took the keys and every time the property was shown to the prospective tenant the RM sent her the move in and move out videos of the visits.
BivocalBirds even provided her with the type of tenant matching her requirements and the rent was kept open to her on the rent agreement. She was relaxed after having all her property on rent successfully with the monthly audit reports and suffered no loss since then.
After reading this, I hope it might have become clear to you that why property management is needed for your property.
Here are few points that depict what does property management offers.
Right tenant and right rent
A property manager will find the right tenant for you based on your requirement and also put forward the rent rates based on the trending market rates so that neither of the parties suffers.
Online rent payment
There might have happened that you don’t get rent on time. Not every tenant is good to provide the rent on time. There are some that might delay it. So, in order to make sure about the regular rent payment, property management regulate the monthly rent payment online and on time.
Marketing and advertising of your property
You get a free platform to market and advertise your property. You can list multiple properties through our property management services. Your reach will increase by 90% if your property is exposed on the renting portal.
Regular audit of your property
You can check every now and then your property by intimating the RM about it and get to know the current status of the property. Regular updates will keep you assure about the damages and repair.
Before and after move-in photos of your property
By giving the before and after pictures of the property, the property manager gives you a proper update of your property to keep you up-to-date with your rental asset(s).
So don’t wait for the right moment and avail of our property management services.