The Benefits of Property Management Explained

What is Property Management?

Property Management is a comprehensive service designed to alleviate the stress and intricacies associated with property ownership. Acting as a mediator between owners and tenants, a Khadim Property Management team safeguards the owner's investment while ensuring adherence to regulatory requirements, such as condition reports, rental payments, maintenance management, and tenant notifications.

What is the biggest benefit of Property Management?

The primary benefit of property management lies in providing owners with peace of mind. By entrusting their property to a professional third party, landlords can relax, knowing that their investment, deposit, and tenants are being diligently managed. Property managers efficiently handle day-to-day issues, sparing owners from time-consuming tasks and unforeseen challenges.

What services can Landlords expect from Property Management?

What services can Landlords expect from Property Management?

• Collection, security, and protection of deposits
• Tenant screening and documentation management
• Comprehensive inventory checks during tenant turnover
• Property viewings with prospective tenants
• Premium property marketing across major portals
• Preparation of tenancy agreements
• Move-in preparations, including maintenance tasks
• DEWA connections for both landlord and tenant
• Key handover and tenant check-in
• Ejari registration of tenancy
• Rent collection and management of failed payments
• Financial reporting and RERA compliance
• Tenant and maintenance management
• Contract renewals and negotiations

Who Benefits from Property Management?

Landlords seeking to alleviate the stress of renting out their properties benefit greatly from professional property management services. Whether residing overseas, in different time zones or leading busy lives, landlords with diverse portfolios find property management invaluable.

Is the service available 24 hours, 7 days a week?

The property management team is accessible seven days a week. Through our online platform, tenants can log maintenance requests, while landlords can approve and make payments conveniently. Our team coordinates with trusted contractors available 24/7 to address maintenance issues promptly.

Under what circumstances will the landlord be contacted?

Landlords are primarily contacted for consent regarding maintenance work and receive regular updates on their investment properties. Property inspections, conducted during check-in and check-out, are thorough and include detailed assessments of the property's condition, ensuring transparency and accountability.

How many times will a property be inspected?

The property management team conducts a check-in and check-out inspection where they will take photographs of the condition of the property. The visual inspections are very thorough and look at floor-to-ceiling, internal and external aspects of the property. As well as this, fixtures and fittings are checked along with appliances and the overall condition of the entire property.

How does a landlord get a rental increase on a property?

As per RERA law an owner can only get a rental increase on a unit if the RERA Calculator permits this. The Dubai Land Department regulates all increases based on the current market conditions. If a rental increase is permitted, this should be applied 90 days prior to the expiry of the contract to give the tenant due notice.

How many days’ notice will a landlord have to give a tenant to vacate the property?

If an owner wishes for a tenant to vacate the unit then they will have to give the tenant 365 days’ notice, which should be for one of the following reasons:

• The property is their only place of residence
• Selling the unit
• Non-payment of rent
• The unit is inhabitable

How important is a property inventory?

A comprehensive property inventory is crucial, serving as a professional record of the property's condition and safeguarding the owner against potential disputes. This detailed report ensures transparency and clarity for both landlords and tenants.

Benefits of Having a property Manager

As one of the top property management companies in Dubai, Khadim does so much more than just tenant management. Khadim property management is equipped with the know-how to assist clients in selecting real estate that suits their investment needs and ROI goals.