Amidst the thrill and relief of securing a new tenant for a rental investment, many novice landlords tend to overlook the importance of employing a professional property management company to oversee their asset.
Seasoned Dubai investors are now understanding the added value and time-saving benefits of a good property manager, especially as the majority of UAE landlords are either expatriates or have full-time jobs.
Hiring an experienced property manager not only gives you access to tried and tested maintenance contractors for every type of repair imaginable, but also provide a significantly lower expenses as the property manager will be booking in bulk.
Plus it is our phone ringing in the middle of the night, not yours!
At Driven Properties, we regularly review rate cards and quality of work to ensure our preferred suppliers are maintaining service standards and remain competitively priced.
In addition, landlords can be rest assured that their income will be maximized due to minimal void periods in between tenancies. We know well in advance of the renewal date for what the tenants intentions are and can guide landlords swiftly through the asset strategy year on year. In such a competitive market, with new and glossy developments appearing every year, it is important to retain quality tenants, or do everything possible to attract new tenants when the current tenant decides to stop renewing their contract.
It is highly advisable not to leave it until the last minute to find a new tenant before you sign a property management contract. The discussion should be had at listing stage and can even be added as an added benefit or feature of the property.
More often than not, expatriates in particular, when deciding between two similar properties, always opt for the property that is professionally managed. A professional property manager will make sure that any problems within the property will be promptly and efficiently resolved. A property management contract definitely gives landlords the edge when it comes to attracting and retaining tenants, and of course, it minimizes void periods between tenancies.
Other than providing real estate services, short-term services, property evaluation and general market advice, our agency also provides property and asset management. To find out more about our services, contact Driven Properties today.
Silvia Eldawi Director of Leasing & Property Management