Managing a property is no small task, especially for owners who live far away or have limited time to oversee the intricacies. This is where professional property management services come in. However, one aspect that often confuses beginners is property management fees. In this guide, we will explain what these fees cover and how they relate to the extensive range of services offered by professional firms like Sahasra Properties.

What Are Property Management Fees?

Property management fees are charges levied by a property management company to oversee, maintain, and enhance your property. These fees vary based on factors like the property’s size, location, and the services you require. Generally, they are either a flat fee or a percentage of the property’s rental income. Understanding what these fees include is essential to assess their value and make informed decisions.

Services Typically Covered by Property Management Fees

When you hire a property management company, you are not just paying for oversight; you’re investing in a broad array of specialized services designed to maximize the value and condition of your property. Here’s a breakdown of common services and their benefits:

1. Geotagging

Geotagging ensures your property’s exact location is digitally marked, providing an accurate reference point for potential buyers, legal records, or future development. This is especially valuable for large plots or properties in remote areas.

2. Property ID Board

A Property ID Board clearly marks your property with essential details, deterring unauthorized access and enhancing visibility. It acts as a physical identifier, especially useful for open plots.

3. Boundary Marking

Clear boundary marking prevents disputes by defining the exact limits of your property. This service is crucial for maintaining legal clarity and avoiding encroachments.

4. Personal Visit to Property

Regular personal visits by the management team ensure the property is in good condition and any potential issues are promptly addressed.

5. Property Photographs

High-quality photographs document the current state of the property, serving as a record for legal, maintenance, or sales purposes.

6. Personal Online Dashboard

A user-friendly online dashboard offers real-time updates, enabling you to track all property-related activities, view financial reports, and access key documents.

7. Market Value/Guidance Value of Property

Knowing your property’s market and guidance value is critical for making informed decisions about selling, buying, or leasing. This service provides accurate and up-to-date assessments.

8. Site Cleaning

Regular site cleaning ensures your property remains presentable and safe, whether for personal visits or potential buyers.

9. EC (Encumbrance Certificate)

An Encumbrance Certificate verifies that your property is free of any legal or financial liabilities. This is a must-have document during transactions.

10. Buying/Selling Advisory

Expert buying and selling advisory services guide you through property transactions, helping you make profitable decisions.

11. Asset Development Advisory

This service helps you enhance the value of your property through strategic development and improvement plans.

12. Monthly Video of Property

A monthly video update gives you a virtual tour of your property, ensuring transparency and peace of mind.

13. Personal Field Assistant

A dedicated field assistant manages on-ground tasks, providing personalized support for your property needs.

14. Live Video Call on Demand

For immediate updates or to inspect your property remotely, live video calls offer a convenient solution.

Why Do These Services Justify the Fees?

Each of these services addresses a specific aspect of property management, ensuring your investment is protected, enhanced, and well-maintained. For instance:

• Geotagging and boundary marking minimize legal risks.
• Regular site cleaning and personal visits maintain the property’s appeal.
• Online dashboards and video updates offer unmatched transparency.
• Advisory services ensure you maximize returns from your property.

These specialized tasks require expertise, resources, and time, which is why property management companies charge a fee.

Choosing the Right Property Management Company

When evaluating property management fees, don’t just focus on the cost—consider the value of the services offered. A comprehensive package ensures that all aspects of your property are managed seamlessly, saving you time and reducing stress.

Professional companies like Sahasra Properties provide tailored solutions, covering everything from on-ground support to virtual updates. Their expertise ensures your property is in safe hands while you enjoy peace of mind.

Final Thoughts

Property management fees may seem like an additional expense, but they are an investment in your property’s future. By understanding what these fees cover and the value they bring, you can make informed choices and enjoy the benefits of professional property management. Whether it’s geotagging, advisory services, or live updates, these services collectively ensure your property remains a valuable asset.