6 reasons to hire a property manager in Dubai

The real estate market in Dubai is growing rapidly, so property investment is highly appealing. However, managing a rental property can be challenging, especially for those new to the town or residing outside the country. At this point, one should consider having a property manager.

Exploring the Responsibilities of a Property Manager

A property manager is a professional who manages residential units and commercial spaces for rent on behalf of property owners. These tasks involve identifying targets, collecting rents, overseeing maintenance, and legal compliance. When these tasks are performed by a professional, landlords are likely to be relieved and gain more regarding their investments. 

Why Hire a Property Manager

With experience managing over 8,500 residential and commercial properties in the UAE, we have identified six compelling reasons to hire a property manager in Dubai. These insights come from Betterhomes' expertise.

In-Depth Local Knowledge

Investing in the Dubai property can be quite challenging, especially for those new to the market or from different parts of the world. UAE professionals are familiar with local legislation on rentals, current rents prevailing in the market, and the legal constraints that govern property management. They can help advise you on approaching and maximising your investment to minimise legal consequences. 

Time Efficiency

Property management can be cumbersome, particularly for individuals with other responsibilities. Hiring a property management company saves you time and energy since the property manager undertakes vital responsibilities like leasing the property, receiving rent, and maintaining it, among others. 

Comprehensive Tenant Screening

It is essential to note that selecting the correct tenant enhances the worth of the property. Landlords should implement a rigorous tenant selection procedure to avoid the risks associated with problematic tenants. Meanwhile, Betterhomes has a very strict process of screening potential tenants by checking their employment, rental history and financial status. This process helps you identify responsible tenants who care for your property and adhere to the agreed rental terms.

Efficient Rent Collection and Financial Management

In Dubai, rental payments are usually made through PDCs (post-dated cheques), entailing many collection levels. A property manager makes this process easier by being in charge of all financial issues, keeping cheques safe, cashing them on time, and dealing with any cases of delay. It makes your work as a landlord less demanding and guarantees a steady cash flow. 

Effective Maintenance and Repairs

Maintenance and timely repairs are crucial for tenant satisfaction and property preservation. Managing these challenges, especially in emergencies, can be a source of constant worry. By engaging a property manager, you can save both time and money on repairs, maintenance checks, and emergencies. They will oversee your property, ensuring it remains in top condition. We at Betterhomes have established relationships with reliable contractors, allowing us to pre-negotiate service rates.

Assurance of Legal Compliance

Strict laws and regulations govern the Dubai property market, and navigating them without proper knowledge can be challenging. Hiring a property manager is a proactive step to avoid legal troubles that can be both costly and time-consuming. You can entrust your property manager with the responsibility of ensuring compliance with tenancy, building, and safety laws, thereby reducing your legal risk.

Experience the Benefits of Professional Property Management

A property owner's great advantage is seeking the services of a reliable property management agency. We outlined six reasons to hire a property manager in the preceding points, but the advantages go beyond that. Outsourcing property management chores means you have more time, less pressure, and more time to attend to other issues in your life or other business ventures.

At Better Homes, the professionally trained team employs the most sophisticated technology to administer the largest inventory of residential and commercial properties in the UAE.

If you are willing to achieve all the benefits of hiring a property manager, do not hesitate to give us a call today. Your investment requires professional attention.