Manage your property investment wisely

Excellent returns can be attained through efficient property management

Commercial properties whether single or multiple units, require proper administration.
Managing your property involves a lot -from finding the right kind of tenant and getting legal paperwork done, to arranging for maintenance entails special attention .
A profitable stream of business can be attained by Investing in a resourceful property manager.

Hasty and impulsive decision are bad for any business . Do you travel a a lot and have little time to concentrate on your property? Do you own multiple units and need assistance?if so, determine the need to hire a property manager or a company to do the job.

The UAE has several reputable real estate management companies that can oversee everything- from screening tenants to retaining them , maintenance,managing rental a and so forth. Landlords can easily search for UAE property management companies through listing on print and online. These companies also offer the convenience of online registration or quick processing.

If you have a manageable number of units you may employ a property manager. Check if your potential employee has suitable qualification or relevant certificates. He /she should have appropriate knowledge of managing the business including maintaining legal paperwork, bringing in new tenants as well overseeing and recruiting maintenance companies etc.

If you are managing property on your own , there are several things you need to consider.
Administration of your property becomes easier if you invest in a reputable building , which offers 24 hour surveillance. Keep a close eye on maintenance and cleanliness which adds value to your  investment .Keep an open line of communication with your tenant to be able to address issues and concerns immediately.


Handy hints

Do a background check before hiring a property manager
Decide if you need to hire a property manager or a company
Property management companies offer end to end services.