ownerstown-blog

[ownerstown-blog]

OwnersTown knows the crux of property management business vehemently. Being in the business for more than a decade, we provide expert solutions impeccably. Free up more of your time through OwnersTown’s expert solutions. https://www.ownerstown.com/

[ownerstown-blog]

The Indian housing market is all set to enter a new year where it is expected to see better times. Although it is difficult to ascertain if the Indian real estate sector is normal in 2020, some notions can be made about how the market will behave. When it comes to consumer rights, as market regulators, the real estate authorities are making impactful positive changes.

[ownerstown-blog]

The Indian housing market is all set to enter a new year where it is expected to see better times. Although it is difficult to ascertain if the Indian real estate sector is normal in 2020, some notions can be made about how the market will behave. When it comes to consumer rights, as market regulators, the real estate authorities are making impactful positive changes.

for more information refer https://www.ownerstown.com/blog/is-2020-the-year-of-indian-real-estate/

[ownerstown-blog]

Top 5 Mistakes to Avoid While Buying Property from an NRI

Watch out for some classic mistakes you can make while buying. Learn about what, how and why we make these common mistakes, how you can avoid making them again and our tips recommendations on what you can do alternatively to make it smooth.

Mistakes while buying Property from an NRI

SPOA: It is advisable that during the sale, the NRI seller should be physically present in India. If it is not possible, a Special Power of Attorney (SPOA, a relative of the NRI) holder can execute multi-tasks like authorization to carry out any financial transaction in India. The SPOA should specify property details, including the presence of government ID cards while buying property. There can be multiple possibilities like the intent of fraud, avoid TDS, family dispute, etc. By following strict guidelines and pay to NRI’s bank account only. SPOA holder is just a representative and financials should be dealt with the NRI directly.

TDS and Value: The most common mistake done by the buyer is while calculating TDS Percentage & the Value on which TDS. So understanding this might take a while so, we advise you to hire professionals like us to unto date on the taxes and calculations.

Citizenship and Residency Status: It is necessary to do a background check mainly citizenship. Govt of India does not allow dual citizenship, therefore, it is wise to get clarity on the same. It is best to include relevant clauses in the sale deed to safeguard the financial interests.

TAN: Under section 195, TDS can be deducted only after obtaining the TAN number. If a buyer fails to deduct TDS or deduct TDS without TAN, then penalties will be applicable. Therefore, all buyers require TAN and never forget it.

Joint Sellers: It’s important to know that if both sellers are NRI, then one of them cannot receive payment on behalf of others. Both NRI’s should get a fair share of it even if they turn out to be a couple.

I hope these points help you and for any doubt or to buy Property contact OwnersTown.

[ownerstown-blog]

OwnersTown is a one-stop solution to the struggles of property management.

We are a property concierge company & web-based application focusing on easy and effective round-the-clock solutions for property owners and managers. We provide you with appropriate communication, building efficiency and offer customized solutions based on your aspirations, risk appetite and investment temperament.

[ownerstown-blog]

OwnersTown is a one-stop solution to the struggles of property management.

We are a property concierge company & web-based application focusing on easy and effective round-the-clock solutions for property owners and managers. We provide you with appropriate communication, building efficiency and offer customized solutions based on your aspirations, risk appetite and investment temperament.

Learn what makes Owner’s Town your most reliable partner.

Our sound, hassle-free solutions make us, us. We are resolute in our belief that simple is sophisticated, and it shows across the array of our services.

We do your work for you. On your terms.

With over 25 years of experience, our tie to devoted services has been steadfast. We break down the complex processes of property management to a free flow structure with periodic assessments and constant monitoring making OwnersTown the best place for your property, whether it’s commercial or residential. Here’s what we can do for you:

PROPERTY MANAGEMENT

Periodic inspection of properties and payment/collection of bills.

TENANT MANAGEMENT

Communicate with tenants for screening, documentation, onboarding and exit.

RENTAL MANAGEMENT

Advertise your property on all the right portals, market through brokers and finalise tenants.

VENDOR MANAGEMENT

Find the best vendors, inspect regularly and ensure vendor payments.

LEGAL & LIAISON SERVICES

Manage agreements, taxes, registrations and government liaison work.

MAINTENANCE MANAGEMENT

Create alerts, fix maintenance issues in reasonable time.

[ownerstown-blog]

Property Manager Helps Make the Most of Your Investment. A Property Manager takes care of Screening Tenants, Markets your Property, handles Day-to-Day Tasks. Hire a Property Management Company and manage your property with ease... Visit: http://bit.ly/374RG9p

[ownerstown-blog]

Being a new landlord, managing tenants is not as easy as it sounds since there are a lot of responsibilities on your head. Although few properties can be managed on your own, you will in no time see an escalation of costs and other tenant problems because of the added properties. Get the top 11 issues and find out solutions to resolve the issues created due to Tenants

Visit: http://bit.ly/2tik6yn

[ownerstown-blog]

Being a new landlord, managing tenants is not as easy as it sounds since there are a lot of responsibilities on your head. Although few properties can be managed on your own, you will in no time see an escalation of costs and other tenant problems because of the added properties. Get the top 11 issues and find out solutions to resolve the issues created due to Tenants. Visit: http://bit.ly/35MWf6X . . #tenantproblem #tenantmanagement #propertymanagement #rentalmanagement #ownerstown #propertymanagementcompany

[ownerstown-blog]

If you are a Non-Resident Indian (NRI) planning to buy a property in India, this could be the best time. Buying property in Indian has become more fruitful for NRIs with favorable currency rates.

[ownerstown-blog]

If you are a Non-Resident Indian (NRI) planning to buy a property in India, this could be the best time. Buying property in Indian has become more fruitful for NRIs with favorable currency rates.

[ownerstown-blog]

Owning a property has always been, and still is, a profitable investment. But, just like your stocks, your estate needs constant attention and maintenance. As a property investor, I’m sure you’re already aware of the troubles that are associated with property management.

[ownerstown-blog]

Owning a property has always been, and still is, a profitable investment. But, just like your stocks, your estate needs constant attention and maintenance. As a property investor, I’m sure you’re already aware of the troubles that are associated with property management.

[ownerstown-blog]

NRIs face multitudes of problems before going for investing in property and its management. Real-estate companies have many reputed names that are brands themselves. So, they hold property exhibitions in which developers also participate. The NRIs can contact them and take out all the necessary information about the property.