Showing posts with label PROPERTY MANAGEMENT. Show all posts
Showing posts with label PROPERTY MANAGEMENT. Show all posts

Friday, June 2, 2017

Property Management Services @Junction Valasaravakkam









Headed by an Engineer and Entrepreneur with two decades of experience in Machinery, Consultancy, Retail, Consumer Products, Tourism and Service industry.

SERVICES:
Quality Property Management is a vital ingredient to long term success of a property.
Services Offered:-
ü  Construction Supervision
ü  Regular Property Inspection
ü  Plot Inspection
ü  Legal Opinion
ü  Evaluation and Negotiation
ü  Repairs and Renovation

Tenant Services:-
ü  Tenant Screening
ü  Rent Collection
ü  Rental Agreement
ü  Tenant Management
ü  Tenant Exit Inventory Check

Property Advertising:-
ü  Online Property Advertising
ü  Online Property Sale listing
ü  Online Property Rental listing
ü  Online Property Research work

Other Services:-
ü  All online services
ü  Holiday, Tour packages and Hotel reservations

CONTACT:
P.VINOD KUMAR
Entrepreneur & Engineer.
Email : pvkindia@gmail.com
H. Ph : + 91 96000 76933
Viber : +91 96000 76933
Skype : junctionchennai
Alt. Nos. : +91 44 4385 6316 / +91 938 106 1000
LinkedIn : https://in.linkedin.com/in/vinod-kumar-p-49442731
Blog : http://vinontheweb.blogspot.in/
Permanent Address : No.42, Choudry Nagar Main Road, Majestic
Colony, Valasaravakkam, Chennai – 87. INDIA

Thursday, April 20, 2017

Top 10 Qualities for a Property Manager


Property Management can make or break you when investing in rental properties. They are a vital piece to making sure your rental property performs and their results have direct impact to your profits. Many landlords fail to ignore how important the relationship is with their property manager (PM). Be sure to properly screen and interview all PMs before selecting who you will work with.
Here are the top 10 qualities I look for in a property management company to handle my properties:



1) Communication
  • Communication may actually very well be the most important out of these. The way your PM handles the communication with you is what you can expect how they will handle the communication with your tenants.  When you call them, someone needs to answer.  You don’t want to have to leave voice mails.  If I send an email to contact my PM I expect a response no more then a few hours after initial contact. Even if they don’t have an answer or solution for whatever you need, it will make you feel warm and fuzzy inside when you know your PM is aware of the situation and handling it.
2) Experience
  • The amount of years your PM has in the real estate industry specifically renting/leasing also plays a very important part. You want your PM to understand every nook and cranny about the geographical area you are investing in. This knowledge comes in handy for determining rents, rent increases, tenant base and efficiency in handling any situation that may arise. In other words, you want Yoda as your Property Manager, not a young Padawan.

3) Adequate staffing
  • The amount of employees the PM has based on the amount of doors they manage should be a decent ratio. You don’t want one PM handling 100 doors. That is too many and the quality and effectiveness will show. This will only lead to disaster. Its like when you walk in a home depot and there are only 5 employees each of them with a line forming so people can ask them questions about where to find something. You don’t want that. You want the Apple store where there are plenty of employees and all offering awesome advice even for stuff that has nothing to do with Apple products.
4) Previous experience with evicting a tenant
  •  This one is important, if  hits the fan, then you want a PM that knows exactly what to do and in the fastest way possible. Ask them how many tenants they have had to evict? This number should not be high though, if its high then they are probably not screening tenants properly. All relevant to the amount of doors they manage of course. Ask them how long the eviction process takes and how much it will cost. That way you wont be surprised if it ever comes down to it. In other words, you want Judge Judy on your side for this one. Quick, to the point, and ruthless.
5) Good documents
  • Any by documents I mean contracts people. Ask to review a copy of the actual lease agreement they use. Make sure this is detailed and covers your needs. Not just the lease agreement but also review the contract between you and the property manager. Read this over and make sure there are no surprises. If you ever need to fire your PM because they suck horribly then you dont want to have to find out you are locked in for X amount of time because of what you signed. You need to CYA on this.

6) Awesome Software
  • These days, there is no reason why any company should not be using great software. There are plenty of good property management software applications out there. A good software program will allow the tenant to login, make online payments, submit repairs and/or maintenance and view history. On the flip side, the landlord/owner should be able to login to the software to view reports, history, approve repairs/maintenance and also submit inquiries. Doesn’t all that sound awesome? I love being able to log in to a PM portal and look at some cool reports that tell me how much money I’m making.  In other words, its like picking the best search engine, you want to be using Google as your search engine, not AOL.  AOL I don’t even think exists anymore cause they SUCK!
7) Good Fees
  • Make sure they not charging an arm or a leg for their services. 10% of rent per month is about normal. Signing new tenants is usually 75% – 100% of the rent amount. Late fees should be your money, not theirs. Doing a simple re-lease should cost anywhere from a little iddy biddy bit to nothing. It doesn’t take hardly any work for a PM to do a re-lease so you should not get gouged in the eye with a fee for this. You want your everyday big chain grocery store prices here folks, not Whole Foods prices.
8) Ability to provide references
  • If you are going into business with anyone it is acceptable to ask for business references. If the PM is any good, they should have no problem providing one to two references of other actual investors that are currently using them. If they don’t have any, then chances are high it’s because they SUCK! Pass!
9) Electronic payments
  • Unless you were born before 1970 ;), I don’t see why anyone in the world should be using checks to collect rent or to send you your rent income. Make sure your PM does this and prefers this payment method. There are many out there that do not do this still. Life is so much easier when its electronic.

10) Awesome Tenant Screening
  • Last but certainly not least is the PMs ability to do proper screening on potential tenants. Make sure to ask for what specific criteria they use. In an ideal world the PM should be doing income verification, credit check, eviction check, background check and payment history check from the previous landlord/PM. And obviously all those should be good. The goal of course is to find the perfect tenant. Which is probably impossible to find but being able to read all the outcomes of all the checks performed and properly select the best available tenant is HUGE!


Saturday, March 18, 2017

I visibly imagine myself being an entrepreneur



If you’ve ever read Napoleon Hill’s famous Think and Grow Rich, then you’re familiar with the concept of setting your “chief aim.” As Hill explains it, your chief aim is your intention. It’s where you want to go. It’s what you want to build. It’s who you want to be. He underscores the importance of planting it firmly in your mind -- going so far as to write down your chief aim, and then say it out loud every morning and every night until it manifests itself in your reality.

Obviously, reciting a bunch of words from a page isn’t going to turn you into a multi-millionaire overnight. That’s not its purpose. The reason Hill encourages aspirational individuals to write down their chief aim and to remind themselves of it daily is to provide clarity. Clarity paired with extremely focused work ethic is the true recipe for success.

Other successful people use variations of this approach. Kevin Harrington is a serial entrepreneur and best known for inventing “the infomercial.” He has sold billions in products and been a judge on Shark Tank. In a recent interview, Harrington explained that he largely attributes his success to a simple quote which inspires him to take a positive approach to life.

“I have a saying that I live by, and it goes like this," he said. "'Whatever you visibly imagine, ardently desire, sincerely believe and, most of all, enthusiastically act upon, it must inevitably come to pass.'"
This is a quote originally from the late Paul J. Meyer, an author and global authority on goal setting, motivation, time management and personal and professional development.

“I visibly imagine myself being an entrepreneur -- and have been since I was 15 years old, sealing driveways for extra money," Harrington said. "I ardently desire being an entrepreneur. I sincerely believe I will be an entrepreneur. Now, a lot of people say those same things, but do you know where they fall down? They don’t enthusiastically act upon becoming an entrepreneur, and that’s what I did, every single day.”

This speaks to a much bigger lesson about what it truly takes to manifest your reality and ultimately build whatever it is you want to build. It doesn’t happen immediately -- nor should it. You first must face obstacles and learn lessons. You must embrace your challenge with persistence, focus, discipline and enthusiasm.

"I do 100 events a year,” Harrington said. “And I know I don’t need to do them, but I want to do them. I want to continue approaching entrepreneurship with excitement. I want to continue stretching my curiosity muscles. I want to continue improving, because that’s what it’s all about. It’s about the process, and the love of the business.”

To adopt this mindset, the next time things aren’t going your way, ask yourself: Can I imagine my goal?; Do I sincerely believe I can make it happen?; and, most of all, am I enthusiastically acting upon my ambitions every single day?

If you answer "yes" to all three, then be patient. Remember, “It must inevitably come to pass.” If it worked for Harrington and Hill, maybe it will work for you, too.

Sunday, February 26, 2017

Property Management Services, Valasaravakkam, Chennai



Vinod Kumar.P ,B.E
Property Management Services




                                                         **

  • CONSTRUCTION SUPERVISION
  • REGULAR PROPERTY INSPECTION
  • PLOT INSPECTION
  • LEGAL OPINION
  • EVALUATION AND NEGOTIATION
  • REPAIRS AND RENOVATION

**
  • TENANT SCREENING
  • RENT COLLECTION
  • RENTAL AGREEMENT
  • TENANT MANAGEMENT
  • TENANT EXIT INVENTORY CHECK
**
  • PROPERTY ADVERTISING
  • ONLINE RENTAL LISTING
**
JUNCTION
42, Choudry Nagar Main Road, Valasaravakkam, Chennai – 87.INDIA
☎ Ph : 0091 – 96000 76933 / 0091 – 44 – 43856316 / 0091 – 93810 61000
✉ Email : pvkindia@gmail.com
Viber / Whatsapp : 96000 76933
Skype : junctionchennai