With changing times and technologies, what has changed the most is the way work gets done in different industries. There is no industry which has not upgraded itself to sync with the new technologies and the same is true for property management services.
With the constantly changing times, staying updated with new technologies is imperative for any business. The property management industry is no different. While you’re trying to take the best possible care of the properties entrusted to you, it is also important to remember the growth of your business.
In order to ensure law & order and ensure justice in the city, Noida Police is leaving no stone un-turned. One attempt towards reducing crime is making it compulsory for all rental property owners to let the authorities know about their tenants. Residents of Noida now have to obtain police verification of the tenants as per new rules.
Real Estate Investment Trust or REIT is a company operating in the real estate sector that offers public common shares as investment. To put it in simple terms, REIT is a stock investment option that is akin to any other stocks / shares representing ownership in an operating business. Primary business of a typical REIT is to group income generating real estate properties. Like in other stocks, REITs too distribute profits with the share holders as dividends. By means of REIT’s, an investor will be able to buy stocks of a real estate portfolio (group of properties that generate income) without actually having to finance or buy properties.
Retaining a good tenant is a very serious business. If you or your property management company does not pay close attention to boosting tenant retention, chances are that you will witness more number of rental turnout that you do not expect. Additionally, you may have to deal with property vacancies for an extended period of time which will result in cutting down on your annual income deeply.