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					Real estate management
Real estate management firms – making life easier
Real estate investment can happen for various reasons. You could invest in real estate because you need a
house for yourself (that house of your dreams that you so badly want). You could use real estate as a means
for supplementing your income either by buying at a lower price and selling at a higher price or by letting it
out. Sometimes you might buy a property for the purpose of resale but might want to wait for a few years
before you actually sell it. In such a case, again it would make sense to rent out the property and earn some
money till you actually decide to sell it off.
Whatever the reason, letting out real estate demands real estate management and real estate management is
not an easy job for everyone. In fact, a lot of people find it so much of a hassle that they prefer keeping their
property vacant instead of letting it. Real estate management demands time, which you will rarely have.
Real estate management is not just about finding tenants and collecting rent from them. Real estate
management is also about ensuring that you do all the duties that a landlord/landlady is required to do. Real
estate management is about verifying the credentials of the tenants before you actually let out your property
to them. Real estate management is about ensuring that all the paper work is complete and correct i.e. the
tenancy agreement etc are properly done. Real estate management also requires you to do repairs as and
when required. Real estate management activities also include maintenance, painting, polishing etc of the
house when the tenants move out and before the new tenants get in. So, really, real estate management is not
that easy a job for someone who is in a full time job. However, there is a solution to this and that is hiring a
real estate management firm to do all these activities on your behalf. Yes, this will mean that what you
receive as an income by letting your property will be reduced (due to the commission/ fee charged by the
real estate management firm). But that is just a small price for the convenience that a real estate management
firm brings to you. However, it’s important that you choose the real estate management firm carefully. There
are all kinds of real estate management firms out there (good and bad). You must check the references of the
real estate management firm before you actually hire them for the job. A good real estate management firm
will not only keep your property occupied at all times but will also ensure that you always receive the rent in
time and without any hassle.


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