Apartment on rent : Owner far away, how you manage. - Indian Real Estate Forum

LChand · 21-06-12

This thread is for the people who have an apartment in NCR either RTM or UC but stay outside NCR/India. Friends, how you manage your apartment, have given on rent?

Have you got the rent agreement registered?

Who pays the maintenance cost?

What is the realistic rental for your apartment you are getting?

Please mention the location & area (2BHK/3BHK).

Do you make frequent visits (once every year) to your apartment?

How safe is to keep on rent when the owner is far away and can not make regular checks?

Do you take rent through cheque, direct deposit or cash?

neptune · 21-06-12

Why dont you make a broker in your colony responsible and a virtual caretaker...he can manage such small small things as he normally earns brokerage.. A know couple of my friends who initially moved out of homes for higher studies and then took up jobs there..Most of them have rented out their apartments..many dont visit home cities even for 2-3 years..

LChand · 21-06-12

I am not going to live in NCR, possibly for next 5 years or forever. Hence I am thinking to put my apartment on rent once possession is offered, trying to know the problem people face as they can't check it on a frequent basis.

PS: Haan bhai, resign karr diya hai aur main NCR se dur ja raha hoon.

neptune · 21-06-12

refer to blue font reply.
Finally what I want to say is that its your choice to remain in tension & keep thing...
Kirayedaar Paisa dega ki nahi ? Ghar Khali karega ki nahi ? Kabja kar liya to kya hoga ?

But its not going to help. Now a days no tenant wants that his landlord should ever visit him till the time he is punctual in paying the rent. So....

I think best way is to lease out your apartment or villa or whatever to a good MNC fellow...make 11 month rent agrement and ask his employer to arrange monthly online rental payment directly to your bank account by standing instruction /wire transfer.
Its 100% safe..Phir Bindaas aur befikar ho kar jiyo.
After 11 months just ask him to renew the agrement and increase rent by 10% s this is a norm..If you want to be greedy and earn more..give him simple paper notice to vacate and start looking for a new tenant.

Thats It Sir!!!!!!!!!

Quote:

Originally Posted by LChand

This thread is for the people who have an apartment in NCR either RTM or UC but stay outside NCR/India. Friends, how you manage your apartment, have given on rent?

Have you got the rent agreement registered?
Not required. Just give on company lease to good tenant.

Who pays the maintenance cost?
Either can pay...just a mutual understanding. If owner pays there is implication of TDS @10%

What is the realistic rental for your apartment you are getting?
As per society /sector rental rate where apartment is located

Please mention the location & area (2BHK/3BHK).
Not relevant

Do you make frequent visits (once every year) to your apartment?
No one has time. Renting is not my business So not required to visit.

How safe is to keep on rent when the owner is far away and can not make regular checks?
No problem. 50% junta lives on rent..every house has some owner

Do you take rent through cheque, direct deposit or cash?
Best is ask your tenants employer to pay you rent thru Automatic online transfer /remittance on predecided /specific date every month and stop to bother.

trialsurvey · 21-06-12

Quote:

Originally Posted by LChand

I am not going to live in NCR, possibly for next 5 years or forever. Hence I am thinking to put my apartment on rent once possession is offered, trying to know the problem people face as they can't check it on a frequent basis.

PS: Haan bhai, resign karr diya hai aur main NCR se dur ja raha hoon.

irony of life .. jab tak underconstruction tha LB tab tak aap NCR mein the .. and ab possession milne wala hai toh jaa rahe ho

vlord0007 · 21-06-12

Quote:

Originally Posted by LChand

This thread is for the people who have an apartment in NCR either RTM or UC but stay outside NCR/India. Friends, how you manage your apartment, have given on rent?

Have you got the rent agreement registered?

Who pays the maintenance cost?

What is the realistic rental for your apartment you are getting?

Please mention the location & area (2BHK/3BHK).

Do you make frequent visits (once every year) to your apartment?

How safe is to keep on rent when the owner is far away and can not make regular checks?

Do you take rent through cheque, direct deposit or cash?

Guru, unless you have a strong background in Noida I wouldn't suggest renting and leaving for year. Brokers don't care after getting their commission and no broker is going to fight with tenants on your behalf unless he's getting piece of the pie. Court me to latke rahoge, ro ro ke bura haal ho jayega.

LChand · 21-06-12

Quote:

Originally Posted by trialsurvey

irony of life .. jab tak underconstruction tha LB tab tak aap NCR mein the .. and ab possession milne wala hai toh jaa rahe ho

haan yaar yehi jeevan hai.... waise my family don't like NCR hence wish back to go to aamchi Mumbai....

LChand · 21-06-12

Quote:

Originally Posted by vlord0007

Guru, unless you have a strong background in Noida I wouldn't suggest renting and leaving for year. Brokers don't care after getting their commission and no broker is going to fight with tenants on your behalf unless he's getting piece of the pie. Court me to latke rahoge, ro ro ke bura haal ho jayega.

have to think over it.... I was thinking what's harm in earning some extra bucks through rent. I am thinking to send an email to my previous company and ask them if anyone wishes to take on rent.... that will be safer.

planner · 21-06-12

LChand ji,

Aap to sirf NCR se ja rahe ho and looking too tenced............
Main to ab duniya se ja raha huin but still don't worry.............(Basically don't think more on this issue)(But for sure from now to 23years I will need to leave this mortal world and return to my Boss/Owner/Malik/Khalik). May be he will send me on another assignment or ??????????????I don't know...................

Anyway, All the best to LChand ji, Jahan bhi raho sukhi se aur safe raho. Yeh brokers aapko cheat na kar sakein. aapka target pura ho.===meri yahi subhkamna hai.

cheers,

gharondabhai · 21-06-12

Quote:

Originally Posted by LChand

I am not going to live in NCR, possibly for next 5 years or forever. Hence I am thinking to put my apartment on rent once possession is offered, trying to know the problem people face as they can't check it on a frequent basis.

PS: Haan bhai, resign karr diya hai aur main NCR se dur ja raha hoon.

Apna shikanji kya kya hoga? Ab kya kokum sarbaat pilao ge?

21-06-12	#1
LChand Member Join Date: Sep 2010 Location: End User Posts: 3,022 Likes Received: 296 Likes Given: 127 My Mood:	Apartment on rent : Owner far away, how you manage. This thread is for the people who have an apartment in NCR either RTM or UC but stay outside NCR/India. Friends, how you manage your apartment, have given on rent? Have you got the rent agreement registered? Who pays the maintenance cost? What is the realistic rental for your apartment you are getting? Please mention the location & area (2BHK/3BHK). Do you make frequent visits (once every year) to your apartment? How safe is to keep on rent when the owner is far away and can not make regular checks? Do you take rent through cheque, direct deposit or cash?

21-06-12	#9
planner Veteran Member Join Date: Feb 2012 Location: Middle East Posts: 1,464 Likes Received: 731 Likes Given: 737	LChand ji, Aap to sirf NCR se ja rahe ho and looking too tenced............ Main to ab duniya se ja raha huin but still don't worry.............(Basically don't think more on this issue)(But for sure from now to 23years I will need to leave this mortal world and return to my Boss/Owner/Malik/Khalik). May be he will send me on another assignment or ??????????????I don't know................... Anyway, All the best to LChand ji, Jahan bhi raho sukhi se aur safe raho. Yeh brokers aapko cheat na kar sakein. aapka target pura ho.===meri yahi subhkamna hai. cheers, LChand likes this.

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21-06-12	#2
neptune Member Join Date: Jan 2012 Posts: 394 Likes Received: 40 Likes Given: 72	Why dont you make a broker in your colony responsible and a virtual caretaker...he can manage such small small things as he normally earns brokerage.. A know couple of my friends who initially moved out of homes for higher studies and then took up jobs there..Most of them have rented out their apartments..many dont visit home cities even for 2-3 years..