Investing in a second property is one of the most lucrative ways of earning passive income, especially in a mahoosive place like Dubai. It is very painless to hunt and find the best properties for sale in Dubai. However, handling the property when let out beside the person’s day job would seem quite exhausting and challenging to endure in the long term, especially for overseas investors who cannot visit their property in person at the time of real emergencies. To avoid this yearlong hassle, working with a property manager who has enough experience and knowledge about the neighbourhoods and houses of Dubai is the best way. Hiring and finalising the best person can be done by following this checklist:
LOOKOUT WITHIN YOUR CIRCLE
Most of the time, precious information could be found within the closed network of any person in general. Asking family and friends who have already worked with a reliable property manager would give a credible list of people to get the job done. Another way of finding a property manager quickly is by enquiring about the estate agent who helped with purchasing the property in Dubai. No one better than them can help with finding a manager by digging through their contacts. This way, one can save more time.
BEYOND JUST MONEY
Instead of filtering out the property managers based on how much they charge, it is necessary to study their services and flexibility throughout their tenure. The sole purpose of hiring a property manager is for active participation in the overall management of the home bought in Dubai in the homeowner’s absence. Finding the best real estate agents in Dubai is easy now with multiple resources and after the background check, they can be hired to manage property full-time. Checking their behaviour and attitude at the time of crisis would say a lot about them.
DO THE RESEARCH YOURSELF
It could be daunting to choose from a sea of property managers across all neighbourhoods of Dubai, especially when required immediately. Instead of asking elsewhere, people can research online for this information rather than relying on others. Similarly, not many first-time investors hiring a property manager would not know what responsibilities they would handle and remain unaware of it. They can check for these details before planning to hire a manager. This way, creating a quick list before filtering them is more manageable and would help in navigating the homeowner throughout the process.
CHECK FOR AUTHENTICITY
Even before people decide to pick one of them from the top three property managers from their list, they must check whether the person is qualified to perform this job. Looking for the appropriate licences or certifications is one significant way of filtering out the good ones before hiring them. The quality of work they provide must also be checked to ensure it meets the homeowner’s requirements.
DIG MORE ANSWERS
Conducting a formal interview with a relevant set of questions directed to the project manager will let the person know more about their approach and their professional work front. People can ask about their speciality neighbourhoods, management fees details, rent handling, who is the POC, and other critical questions. It is always essential to ask for all the necessary details before getting on board with the property manager as it would involve working together in the long run.
PAST EXPERIENCES
Based on one’s previous experiences in property management, it will become easier to evaluate information before hiring them. People can visit them when working in a real apartment as a property manager. They can also check homes that are currently being handled by the manager to check the overall maintenance. Customising the requirements apart from their usual set of services can also be done if the homeowner wants to increase or decrease the manager’s workload.
RELIABLE TESTIMONIALS
Nothing tops the pile of reliability than the words of another person testifying about the credibility of a property manager. If the person holds amazing testimonials from previous homeowners, they can be considered as the next property manager for your home in Dubai. Cross-checking if these are true is necessary before blindly agreeing to work with them.
THEIR RESPONSIVENESS
A property manager’s real credibility is questioned when a problem arises out of nowhere. Response time and flexibility of a property manager must be quick enough to react to emergency repairs or any other concerns lurking at the tenant’s place so that the person hiring would be sure that their property is in good hands.
CHECK THROUGH MANAGEMENT COMPANIES
To avoid the hassle of finding an independent property manager among a high group, it is always better to approach a property management company that provides these services in Dubai. Once this company is found and verified, they will handle the entire management requirements and can manage them entirely.
Source: https://www.empireestateagents.com/post/9-tips-for-choosing-a-great-property-manager