If we had a dirham for every time we’re told that property management is “too expensive” or “not necessary,” we’d retire tomorrow. For now though, we’re busy proving those arguments wrong. Read on to find out how professional property management really works in #Dubai.
1. “It’s too expensive”
If you manage your rental property yourself, we’re guessing you spend more time and money than you’d like on:
• Marketing • Tenant screening • Ejari registration • Rent collection • Inspection and maintenance • Starting all over again
Top of any Dubai landlord’s list of expensive mistakes has to be choosing the wrong tenant. This can lead to erratic rental installments, costly repairs and unprofitable occupancy rates.
So having access to a reliable tenant pool is invaluable, says Shona Calvert, Portfolio Manager at haus & haus. “We have a steady flow of vetted tenants looking for settled, long term tenancies. And when they move on, there’s always someone to take their place,” Shcontinue reading →