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Rental consultancies in gated communities!

It is well known that the culture of gated communities is growing in Hyderabad. People from the middle class to the wealthy are increasingly preferring to live in gated communities. Typically, three to five BHK flats are more common in these communities. As a result, many flat owners reside in these flats, while others are purchasing flats and villas in expensive gated communities for investment purposes.

Particularly, people living abroad find it safer to invest in flats rather than land. However, managing these properties from a distance can be challenging, especially when the properties are vacant. Even if the property remains empty, owners are still bound to bear the maintenance costs. To address this issue, the demand for rental consultancy services in gated communities is on the rise, as these services help owners manage their properties more effectively.

Real estate consultancy firms are acting as intermediaries between property owners and tenants. Recently, several online real estate portals have emerged, offering free services without taking any brokerage fees. These services are being used by owners depending on their convenience. Many property owners, who live in other regions or abroad, are renting out the flats they have purchased here in Hyderabad.

To cater to this growing need, several real estate consultancy firms have set up their offices within gated communities to handle rental properties. These firms collect details of available rental flats and their owners, and often hold onto the keys of these flats. When potential tenants come looking for a place, the firms show them available flats, prepare rental agreements, documents related to rental terms, and finalize contracts with the tenants. For providing these rental services, the consultancy firms charge a commission of 50% of the first month’s rent from both tenants and property owners.

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