Property Management System: can it change the Indian real estate market.
II Year MTech (Engineering Management)
Under the guidance of
Dr. Shiv Prasad
Dept. of H&SS
Mr. Anant Goel
Mr. Ashish Goel
UrSqFt Infrastructure Pvt. Ltd
DEPARTMENT OF MECHANICAL AND MANUFACTURING ENGINEERING
MANIPAL INSTITUTE OF TECHNOLOGY
(A Constituent Institute of Manipal University)
MANIPAL - 576 104, Karnataka, INDIA
Looking at the assets that we inherit or create in life, the most tangible, undisputedly, always is real estate. Not only it’s an asset, it’s an investment that grows and becomes increasingly valuable with time. Unfortunately though, real estate assets are immobile and hence keeping them in your close watch like you would keep your precious diamond or wallet is.. Not exactly possible, Property Management (PMS) strives to achieve a vigil befitting your asset value.
With so many properties foreclosing, and so many people displaced, it seems that there are more and more properties coming up for rent. Investors have scooped in and bought many of these homes with the goal of resale. But investors know that they will need to hold for a little while if they want to turn the property for a profit. In the interim time, many of these are becoming rental properties. Therefore the need has recently increased for good property management.
If you own any sort of property, be it residential or business related, you will need someone to manage it. The question you are probably asking is how professional management can help you?
So, what is property management? It's the managing, or handling, of real estate property by someone other than the owner. Most often, it is handled by a management firm that might handle more than one client's real estate properties. Other styles include hiring someone to live on site and take care of tenants'...