Property Management Services in Chennai

Onyx Property Management encompasses the operation, control, and oversight of real estate in its broadest sense. Management implies the necessity for care, monitoring, and accountability throughout the property's useful life and condition. Property management also covers personal property, equipment, tooling, and physical capital assets used in construction, repair, and maintenance. It involves the processes, systems, and personnel needed to manage the lifecycle of all acquired property, including acquisition, control, accountability, responsibility, maintenance, utilization, and disposition.

We manage all aspects of your property, including:

• Letting out property for rent
• Managing tenants and rental assistance
• Plot and property monitoring
• Renovation and refurbishing
• Following up and paying utility bills
• Inventory checks at the time of vacating
• Painting and cleaning homes when tenants vacate
• Periodic property inspections and reporting
• Document procurement
• Rent collection
• New construction
• Payment of property tax and metro water tax
• Property tax assessment
• Name transfer with the corporation, metro water, and electricity board
• Carpentry work and modular kitchen installation

Finding tenants is a key part of Onyx Property Management Services, available exclusively for clients using our property management services in Chennai. Renting is straightforward, but securing a qualified tenant is more challenging. Our thorough qualification process involves several key steps:

• Property Inspection: We inspect the property and suggest market rental values before beginning the search for tenants.
• Tenant Search: We search for potential tenants through paper and online advertisements.
• Credit Check: We perform a credit check on potential tenants to assess their reliability.
• Lease Agreement: We draft the rental lease agreement and finalize it between the owner and tenant.

This comprehensive approach ensures that we find high-quality tenants for your property.

Collecting rent is just one aspect of what a property management company offers. Many homeowners believe that property management services only involve collecting rent and that their fees are high for this service alone. They might assume that the rent is simply deposited into their bank account each month and that they only need a real estate broker when the tenant vacates.

However, the role of a property management company goes far beyond collecting rent. As representatives of the property owner, we handle a range of responsibilities:

• Utility and Dues Management: We ensure that all utility bills and other property-related dues are paid on time.
• Regular Inspections: We regularly monitor and inspect the property, promptly informing the owner of any issues.
• Move-Out Process: When a tenant vacates, we take possession of the property, conduct an inventory check, and prepare the property for new tenants.
• Tenant Placement: We assist in finding new tenants, ensuring that the property is rented out efficiently.

These comprehensive services are especially valued by our non-resident property management clients who cannot easily oversee their properties in person.

• Advertise Vacant Property: We effectively market your vacant property for rent through various channels.
• Show Property: We arrange and conduct viewings for potential tenants.
• Tenant Screening: We thoroughly screen candidates by requiring written applications with references, investigating their backgrounds, personal references, and employment histories.
• Periodic Inspections: We conduct regular inspections to ensure the property remains in good condition.
• Tenant Relations: We help maintain a positive relationship between tenants and landlords, addressing any issues that arise.

This comprehensive approach ensures that your property is well-managed and that you find the most suitable tenants.

Onyx Property Management fees vary based on the services you require, the type of property you own, and its location.

Since tenants are residing in the property, we aim to respect their privacy and minimize disruptions. However, we conduct routine visits at least once every 6 months with prior notice to the tenants. During these visits, we check for any property damage and assess any developments related to the property.

Additionally, we maintain regular communication with tenants via phone.

Staying informed about the status of your property is crucial. As your property manager, we provide periodic reports on property conditions, rental collections, and tax payments to keep you updated regularly.

First, we assess the problem and obtain quotes from our network of professionals, including masons, carpenters, electricians, and painters. We then send these quotes to the property owner for approval. Our rates are competitive, and we provide a detailed breakdown of the repairs we can and cannot handle. Work only begins after receiving the owner's approval and payment.

We also provide an estimated time frame for job completion and keep the property owner updated on progress, including photos and videos if needed. Upon completion, we provide a detailed statement of accounts and a summary of the work executed.

We list properties on our website and across social media platforms. Additionally, we place signboards in and around the property to attract walk-in inquiries.