REAL ESTATE RENTAL INVESTMENT

Posted by shanaya hirani on May 10th, 2019

A residential rental agent facilitates and helps in negotiating the agreement between the buyer and the landlord of the residential property. Real estate rental in Gurgaon, is in the area of the national capital region of India which is one of the world's biggest populated cities and a popular destination for the Indian's migrant. These migrants come here for work or sometimes for the desire to live somewhere else. Residential realtors  in Gurgaon deal exclusively with renting residential properties in Gurgaon. They deal primarily between individuals or corporate and the landlords. Empathy Relocations is a residential rental in Gurgaon who can provide residential rental solutions customized according to the needs of the buyers and requirements of the landlords.

The services provided by Empathy Relocation rental agent are:

• Introductory services: The broker finds a tenant for the landlord's property while keeping the needs in mind and requirements and rental budget of both sides.
• Administration services: The broker is involved in the procedure such as tenancy agreement, lease negotiations, conducting joint meetings, drawing scheduled conditions.
• Rent collection services: The broker can collect the rent from the tenant and pay to the landlord. The broker is allowed to take a commission against the service.
• Full management: The agent can also be hired for the daily management of the property. Some landlords prefer to hire agents who help them in their investment.

Roles and Responsibilities

Residential Rental agents/broker helps in the management of residential rental in Gurgaon and finding decent tenants to fill vacancies in rental properties. They also help in providing services to the existing tenants. There is no specialized degree necessary to be a rental agent but there are a few roles and responsibilities that a residential rental agent is allocated with:

• Advertising: A responsible rental agent must be good in advertising so as to fill the vacancy of the rentals. The agent should advertise in such a way that people should compare it with another Real estate rental in Gurgaon. The advertisement should include rental properties available, dates of vacancy, rental prices, and the location of properties clearly and distinctly.
• Verification of the Clients: The agents have to survey the history of the tenant so as to ensure that the incoming buyer is not a fraudster. Rental agents are only preferred when they have good communication skills so as to impress the buyers with their words. They have to maintain relationships with both the party.
• Lease Agreement: Based on the terms of the lease and the date for moving in, the rental agent will collect the deposit as a lease amount for a new rental. The agent will also be responsible for renewing the leases or terminating at the end of the agreement (only if authorized to him). The real estate rules and regulations must be known to the agents according to the laws formed by the state and central government of India.
• Management: The management working of the residential rental in Gurgaon involves the inspection of a property before selling. Answering questions, arrangements for contractors and maintenance thereafter are some of the managerial duties of an agent.