Understanding the Processes Involved in Property Management Dubai by Zawaya Property5 Apr 2018
It is essential for real estate investors to have adequate knowledge about property management Dubai if they want the best for their rental business. Although you don’t have to study the processes involved in this practice, it will be an advantage knowing how it all goes.
This understanding will help you and your property manager make the most of your properties as well as achieve longevity in the business. You might even handle it all on your own after you have fully understood everything and gathered enough experience.
Before delving into the processes of property management in Dubai, let’s have a clear understanding of what this practice is all about.
“Property management is the administration of residential, commercial and/or industrial real estate, including apartments, detached houses, condominium units and shopping centers.”
It typically involves the managing of property that is owned by another party or entity for a fee. The property manager acts on behalf of the owner to preserve the value of the property while generating income.
The Property Management Process
Zawaya Property aims to provide you with the best income possible for your real estate properties while maintaining and increasing its value and achieving longevity. The processes involved in their practice are thorough and extensive.
Setting the appropriate rent. Specific factors, geographical and statistical data, as well as the current property demand are carefully thought of and compared before setting the best rate for your property.
Marketing the property. All available marketing channels will be used to market your property to the best tenants and keep vacancy to a minimum.
Screening and selecting tenants. Acquiring the best tenant is essential and comprehensive methods will make sure that you get the right people in your property.
Providing the tenant with the contract and proper inspection of the property. The terms and agreement are thoroughly explained to the tenant as well as the legal documents and an inspection report is provided.
Collection of rent. Rental payments are strictly collected on schedule as explained in the agreement.
Regular inspections along with maintenance and repairs. This will ensure the longevity of your rental business and will keep your property in top shape.
Ending a contract. Once a move out is agreed on, proper steps are taken to ensure a smooth end of transaction and ensure that the property is left in good condition.
Zawaya Property, your Dubai property management company assures its clients of integrity and quality in their standards.
Sustainable asset management management models and ethical principles are the basis of Zawaya Property processes. Rest assured that your investments are in good hands once you’re with Zawaya Property. Learn more about them today and visit their website.