What should be my approach on buying commercial property?

 Commercial Property is a good investment for anyone to put their money in. However, it is very much important to understand the basics when you are buying a commercial property.

-Location: One of the major factors to look at is the location of the commercial property. The surrounding decides the tenant and income of your property such as availability of banks, bus or metro, eateries surrounding commercial establishments, etc. Having prime based locations is an added advantage commercial specific to the main road leads to more visibility and inflow of clients

-Structure: Commercial properties can be of various specifications G+2, G+4, G+6, and so on. It is as a buyer you have to decide which specifications suit you and how many tenants would you wanna have in your facility.

-Maintenance: Maintaining a building as a whole is a bit of a challenge. Just how the human body is supposed to have regular check-ups, your building also needs to be maintained on a regular basis. Common areas, basements, Transformer, Generator, Lifts, Security, Housekeeping needs to be maintained and have to be kept in regular check. The buyer needs to be ready to take care of this for the longevity of the building.

-Documentation: Documents of the building is a must and need to be carefully administered. The important things when purchasing are the plot size, built-up area, deviation verification, CC and OC, fire exits, tenant lease papers, ownership details, and much more. It is important for an experienced lawyer to have a look at the papers before finalizing the deal

-Income: Generally all the buyers give exclusive importance to the income which will be generated from the property. The term is “Return on Investment” or simply ROI which means the amount of money you will receive on your investment. It is important as it helps you track the expense of your maintenance and revenue for you to invest in other fortes of businesses.

In conclusion, commercial properties are a healthy option for people who want to invest their money and patiently wait for the income and are ready to take care of the building for a larger duration.

For more guidance and one to one discussion, you can reach to OwnersTown’s Real Estate Experts on +91 96202 46980.

Best Places to Buy a Property for Investment in Bangalore

Bangalore is one of those cities that everyone would love to stay in. Green everywhere, and to top it all, the weather. If and only if we forgot to mention, Bangalore has been one of the best places for real estate investments and lately, the craze has only improved.

And maybe, that’s why they call Bangalore the best Metropolitan city in India. We have technological advancements but we still keep the traditionality intact.

There is a reason why Real Estate Owners pick Bangalore as their sweet spot. If you are willing to buy property for investment, you should try approaching a Property Management Company in Bangalore.

Why do you have to Invest in Bangalore?

invest

If you ask us why we think that buying property for investments in Bangalore is a good idea, well, there are plenty that you can’t keep count of. It has become a major IT ground for most people and migration to Bangalore in search of jobs, studies have increased. It’s worth mentioning that Bangalore is experiencing stability in the real estate market, so if you buy property for investment, it is absolutely worth investing in. Let’s give you major reasons as to why you need to invest in Bangalore’s Real Estate Market at this point.

To begin with,

Bangalore is one of the fastest-growing metropolitan cities in India.

Bangalore is the IT Capital of India

You can avail tax benefits if you are investing in Bangalore

You can receive a great return on investments in Bangalore

The Real Estate Market has shown a steady improvement in the past years, which means there is the utmost stability in the market.

Homebuyers, Real Estate Experts, and Builders believe that investing in Bangalore provides them with great stability and commendable return on investments.

Now that we have seen the perks of investing in Bangalore. But, where do we buy property for investment is the big question?

Best Place to buy property for investment in Bangalore

Place to buy property

If you think buying a property for Investment in Bangalore would work for you, you need to immediately get in touch with the Property Management Consultant in Bangalore.

List of the best places to buy property for investment,

North Bangalore

North Bangalore is one of the prime locations to buy properties for investment in Bangalore.

From 1 BHK houses to Villas, North Bangalore has got the investors and homebuyers all covered.

Hebbal, Devenahalli, Yelahanka serve to provide home seekers with the best of infrastructure and comfortability.

Hebbal

Hebbal is the best place to buy property for investment in North Bangalore.

One of Hebbal’s selling features is that it offers connectivity to Kempegowda International Airport and allows connectivity to any part of the city.

Devanahalli

Devanahalli is a suburb but received its popularity after the International Airport has begun its action.

There are so many leading builders constructing their dream projects at Devanahalli and this makes Devanahalli the upcoming prime location in North Bangalore. Devenahalli started attracting big investors lately.

Yelahanka

Yelahanka was not so a popular place for investments in Bangalore because of its manufacturing industries and the number of factories.

This place was especially marked a Big NO for Real Estate, but right after the construction of the Airport, Yelahanka seems pretty inviting to buy property for investments.

South Bangalore

South Bangalore is a place for breathtaking infrastructure. It is a developed part of the city.

Electronic City

Electronic City shows luxury in comfortability with affordable living.

The IT Parks and many prestigious residential properties in Bangalore make it an ideal place for investments in Bangalore.

BTM Layout

It is in close proximity to high prominent areas like Koramangala, HSR Layout, etc.,

The value of rental apartments, and villas in the areas because of the advantage in terms of the location proves why it’s ideal to buy property for investments.

East Bangalore

East Bangalore is an established place for Multinational companies and career opportunities.

East Bangalore is known for its class, comfort, and affordability.

Whitefield

Whitefield has always been the heart of investment areas in Bangalore and is always loved by the real estate owners.

With the working population around, the properties in Whitefield are increasingly in demand. If you are thinking about buying properties for investment, we think you should invest in Whitefield.

West Bangalore

West Bangalore and it’s the supreme infrastructure is always a Real Estate Owner’s Apple.

With it’s driven industrial areas and property value being less, anyone can afford to buy a property and use it for investment purposes.

Also, West Bangalore is a part that experiences reduced traffic in Bangalore.

Nayandahalli

Nayandahalli, just like any other real estate places in Bangalore has increased proximity to the places nearby and has best in class properties around the location with property values wooing you every now and then, if you are planning to buy a property for investment in west Bangalore, then you can invest in Nayandahalli.

The area has more unsaid perks. But if you are investing, you would want to do the groundwork. Get into it and do the research.

We have mentioned the places we thought you would like. Don’t ever hesitate to contact a Property Management Consultant to get clear views on the property or the location.

The point is you want to establish your dream project or buy a property for investment. To support your dream, you can seek support from the best Property Management Company in Bangalore like OwnersTown. They analyze your requirements, your business goals, and provide you with a property that you love, and exactly how you dreamt.

List of other places where you would like to invest:

• Attibele
• Sarjapur
• Bannerghatta Road
• Kanakapura Road
• Jakkur
• Thanisandra, and much more.

Before giving in to the places and properties, research yourself, and learn the property values over all these areas and decide for yourself. If you need professional interference, approach a Property Management Consultant.

“To conclude, the arrival of the International Airport has brought a great impact to North Bangalore over a decade and still it’s finding its way to develop more in the future making it a potential investment destination.

property management consultant

If you are planning to buy properties for investment in any of the locations in Bangalore, feel free to Consult us so that you can get in touch with our Property Expert.

We hope this blog helps you clear your doubts regarding the best places to buy properties for investment in Bangalore.

Happy Investing”

Where to Buy a Luxury Villa in Bangalore?

Luxury Villas are the most sought-after options if you are planning to invest in real estate. On the other hand, if you are really willing to buy a Luxury villa in Bangalore, you need to accelerate and step up your hunting for the right place and property.

Luxury Villas are without a doubt the most wanted place for elite people, probably to spend quality time with family on weekends. These Luxury Villas are dedicatedly constructed for the people of the upper class.

Luxury Villas have great benefits like you get to live in an independent home with all the luxuries you need, privacy, and most importantly, Security. Even if you leave it for any kind of rent or lease, you are going to get a great income once in every while.

Why buy a Luxury Villa Exactly?

Luxury Villas are a way for elite people to show their way of living. Obviously, Bangalore is one of the biggest metropolitan cities in India, and people here from the upper-middle-class turn into the elite or upper class. This automatically pushes them to buy luxury villas in Bangalore. Also, not to forget, Bangalore has some best places just defined to construct luxury villas.

Bangalore has always been a comfortable space for people living here too with so much work all week, they deserve to rest in a comfortable and cozy place. This could be the reason why Bangalore has seen such a great demand for Villas in recent times.

Various Builders across the city design the best Villas that attract the potential clients in and around Bangalore. Advanced Quality in construction and technology is what makes the Luxury Villas more attractive. Isn’t it a blessing to live in Bangalore’s one of the finest bungalows? While not everyone can experience it, let’s see some of the advantages of living in a luxury villa.

Advantages of a Luxury Villa

• Personalization of Villas
• Privacy & Security in the Luxury Villa
• Location of the Luxury Villa
• The Increasing Value of the Villas
• You know the better lifestyle that comes along with Luxury Villas
• Huge Returns if you are owning one

If you need to buy Luxury Villas in Bangalore, you need to make sure everything is perfect. Let’s go on a quick tour on the advantages of a Luxury Villa,

Personalization of Villas:

The Luxury Villa and the Look of the Luxury Villa, it’s interiors and everything will portray the buyer of the Luxury Villa. It just has to reflect your personality.

Customization of the landscape, exteriors, and interiors of the villa to have very particular aesthetic appeal, individuality, uniqueness.

Personalization is what will be of great help to you in case if you buy Luxury Villas in Bangalore.

Privacy & Security in the Luxury Villa:

You should care about the Privacy and Security of the Villa. Security should be properly checked and scanned (Just in Case). Privacy and security for a person living in a Luxury Villa are very important and could be the reason why you should choose Luxury Villas over anything.

The gated Villas assures safety and security 24/7. It also offers more comfort and a pleasant stay for people residing there in the Luxury Villa.

Location of the Luxury Villa:

After all that, Location is very important to take chances for. You need to know where you are going to buy your Luxury Villa in Bangalore. You need to find a location that is an apt fit for the Luxury Villa and you.

Because there is no use in buying a Luxurious Villa in Bangalore but in the wrong location. Make sure to have all the grocery shops, hospitals, schools, colleges, etc., are nearby.

Also, you know about Bangalore Traffic, you can hit it off only if you plan all these before buying Luxury Villas in Bangalore. It’s like the villa should be inside the city but also not in the city!

You got to choose wisely.

The Increasing Value of the Villas:

With circumstances changing and there is nothing like Investing in a Luxury property. Since the Luxury Villas are in demand, the value of the Luxury Villas keeps increasing.

You know the better lifestyle that comes along with Luxury Villas:

Luxury Villas tend to have luxuries right? They have great amenities like a gym, park, lawns, personalized porticos, swimming pool, running track, outdoor gaming area, etc.,

Moreover, you get to live in a place with people with exactly your mindset.

Huge Returns if you are owning one:

Huge Returns

Buying Luxury Villas in Bangalore comes with great returns with an option of investment. You can invest in the Luxury Villas and it gives you the highest returns as possible. You know about the real estate market and how great of a pick is your villa.

Personally, we feel buying a Luxury Villa in Bangalore is a great option for you to live safe, sound, and comfortable in today’s environment.

Best Areas in Bangalore to Buy Luxury Villa:

You just can’t go buy Luxury Villas in Bangalore anywhere you think. Bangalore is a wide place. You need to carefully screen the Luxury Villas for liking. The Location should be fair enough for a Luxury Villa and investing there should have a scope, at least in the future.

Some great places to buy luxury villas in Bangalore,

1. Yelahanka
2. Whitefield
3. Devanahalli
4. JP Nagar
5. Indira Nagar
6. Sarjapura
7. Koramangala
8. Richmond Town

These are the best places to buy Luxury Villas in Bangalore. They sure will be worth buying and living there, considering all the amenities and values.

Advantages of Buying a Luxury Villa:

You get to experience the best of luxuries that you can’t get in a normal household

You have your complete privacy

The bigger the better types (Great living spaces)

Calm surroundings

You can personalize anything you need.

Disadvantages of buying a Luxury Villa:

Big investment, big risk

You may need to put more money in care for the security purposes

The location could be a problem. Villas usually require a lot of space and peace. So many of them are constructed outside the City.

Closing Points:

Buying a Luxury Villa in Bangalore is a hell lot of risk but worth it. You will be investing so much money on this. But with everything that’s happening and the increasing values of the Luxury Villa ultimately makes buying Luxury Villas in Bangalore a great idea.

Here’s everything you need to know about Luxury Villas in Bangalore, the most Sought-after places in Bangalore for Luxury Villas, Advantages, Disadvantages of the Luxury Villa for your greatest of help.

We hope whatever we mentioned in the blog, we thought we may help and hope it is helpful to you!

Top 5 Reasons to Buy Luxury Villas In Bangalore

People today opt to buy Luxury Villas in a metropolitan city like Bangalore. Why is that so? These days, Lifestyle matters a lot. These Luxury Villas give a new high to the soul. Owning it kind of makes us feel cool.

Buying a Luxury Villa in Bangalore is also a kind of investment and it is considered wise since the number of people wanting to move into a luxury Villa keeps increasing in Bangalore.

However, this Luxury Villa style is only making its way off the city limits. In Bangalore city, you can’t expect to buy a luxury villa, firstly, the price of the villa, secondly, you may not be able to live in a calm and content place. But it’s clearly the Client’s decision. Ownerstown Property Management Company, one of the most promising Property Management Companies in Bangalore helps the clients to find them the Luxury Villa in the location they love, in the price they give-in, the Luxury Villa they have always dreamt of.

In this blog, we are going to give you a detailed idea of the Luxury Villas in Bangalore, the top 5 reasons to buy Luxury Villas in Bangalore, factors you should consider before buying one of them.

Here we go.

Top 5 Reasons to Buy Luxury Villas In Bangalore

Luxury Villas always define your state of mind. When you are looking to buy a Luxury Villa in Bangalore, it may be difficult to find the right location that is near to your office or business. It could be challenging to find the Villa of your choice. To help you with these issues there are Property Management Companies in Bangalore like Ownerstown. They help you in buying the Villa in almost all the diagonals possible.

We know that the Luxury Villa era is slowly kicking in but why do you think people buy Luxury Villas?

Let us walk you through the “Top 5 Reasons to Buy Luxury Villa in Bangalore”,

• Constant Increase in the Values
• Commendable growth of Real Estate in Bangalore
• Luxurious Lifestyle
• Pleasing Environment
• Steady-state of the Economical Growth

These are said to be some of the reasons to buy Luxury Villas in Bangalore and you need to consider them very seriously. Because any small slip could lead you to loss.

Constant Increase in the Values:

Investors of Luxury Properties always make a considerable profit. There is only a limited set of the population opting for a Villa and yearning to live a luxurious lifestyle. So, the target market is small and when you have only limited things, it always becomes a demand.

Demand leads to an increase in the values and helps manage consistency.

The main flex about buying a luxury villa is that the greater the price, the lesser the competition.

Commendable Growth of Real Estate in Bangalore:

The City is undergoing a complete transformation in the residential side. According to some reports, in the last two years, the construction of Luxury Villas in Bangalore amounts up to 28% which pushes the luxury villas in demand.

The people who are willing to buy a Luxury Villa in Bangalore have their expectations defined. They have a set of preferences when it comes to buying a Luxury Villa in Bangalore since it must be constructed in a way that it reciprocates the lavish lifestyle.

The new era for Luxury and ultra-luxury segments have become a thing for people now. There are so many notable construction companies coming in to provide a quality of living for people while it doesn’t affect any part of enjoying the luxury.

Comfortability and Luxury are completely two different things. You may not find a luxurious place comfortable sometimes and it’s totally okay. Construction companies are trying to put both the living conditions together to offer you a great living experience every day.

Luxurious Lifestyle:

The number of people choosing the luxurious lifestyle to live in is one of the main reasons why Luxury Villas are preferred and are still in demand.

The luxury villas in Bangalore come with a huge independent space which will be easy for you to personalize it into something that suits the villa. It’s like having the luxury at your fingertips.

Pleasing Environment:

You know about Bangalore. Most people move to Bangalore only to have an environment that offers peace of mind. The weather is often chill & breezy. Everywhere you turn, there is a sight of greenery for you. Amidst traffic, the quality of air and water is rich. Without having to do too much, Bangalore becomes an apt place to buy Luxury Villas. To buy a luxury villa in Bangalore in the right location, you can choose a Property Management Company like Ownerstown. Ownerstown has a Property Management Portal to help you find Luxury Villas of your choice.

Steady State of Economic Growth:

In India, Bangalore is said to be one of the fastest-growing cities in terms of economy. One of the topics that are worth commenting about buying Luxury Villas in Bangalore is that even after years the value remains unchanged and there is a greater chance the demand could have shot up.

To ensure the growth of the economy in the city, some big companies have made their ventures pouring here.

Luxury Properties in Bangalore are said to have an increased ROI and ensured security with the increase in Luxury Properties.

Factors to consider before buying a Luxury Property

Some of the factors to consider before buying or investing in a Luxury property is that its,

• Amenities
• Features
• Location
• Design
• Maintenance
• Services & Help

Closing Notes:

Bangalore has got an ample number of Villas with great designs and perfect locations. To buy Luxury Villas in Bangalore, you need to have proper amenities, maintenance, and modern facilities.

And, we have offered you “ Top 5 Reasons to Buy Luxury Villas in Bangalore”, to help you with the confusion you will have when you are planning to buy Luxury Villas in Bangalore. Else, you could contact Ownerstown Property Management Company, one of the trusted Property Management companies in Bangalore to make the progress on behalf of you. The bottom line is never give-in for a property you don’t know about and make informed decisions while buying Luxury Villas in Bangalore.

Is it a good time to Buy Premium Commercial Properties?

The only time you shouldn’t buy Premium Commercial Properties is when the respective market shows a spike in the rates but the scope of the market gets pretty down. As of now, we are struggling with a pandemic. We never know when this situation will resume to normal but when it does, Premium Commercial Properties will see a surge in the demand. There are high chances that there is going to be a drop in the prices of the commercial properties during the lockdown period and even after.

If you are thinking about buying a Premium commercial property that is apt for the business you are trying to set up, you should definitely contact Property Management Companies to get it right.

The Property Management Consultant knows what’s best for you. 

Why should you buy Premium Commercial Properties?

Premium Commercial Properties is always a great shot for Commercial Property Investors since the Return of Investment is high.

With a Premium Commercial Property, you will have a lease signed from the tenant. The lease is usually for a minimum of 5 years which means a consistent mode of money for you.

Since it’s a Commercial Premium Property, you’ll only deal with corporates or any other big employers. It is also easy to deal with corporates.

All you have to do is simple. Let the client/corporate take over the unit. You don’t have to furnish or do anything that brings a look to the place. The office that rents your property will take care of the place and they know how the property should be furnished.

Is it a Good Time to Buy Commercial Premium Properties? 

Though there are speculations about Commercial Properties going down during this lockdown due to the pandemic caused by the novel coronavirus. But, guess what? It’s nothing like what you think. There is still a chance that you can get great deals for Premium Commercial Properties. You may need it once the situation resumes to normal.

This pandemic has changed so many things and is going to give a new experience and a fresh start for the Premium Commercial Property Sector.

There could be risks during this period while buying Premium Commercial Properties and we think you may have to consult Property Management Consultants in Bangalore to know what the situation is actually like in the place you are willing to invest.

If you are watching the market closely, you should know that the deals worth crores are getting closed every day. There must be someone who’s buying these Premium Commercial Properties, right?

But before you buy, you need to keep some things in mind,

Infographic

• Location
• Quality Properties
• Analyze the demand and supply in that area
• Be aware of the current rent in the market
• Let your clients do their own internal fit-outs
• Potential Tenants add value to your property
• Diversification ultimately reduces risks

All these will help keep you on the right track in finding the best Premium commercial property for you to invest in.

Although the pandemic is taking us in a swirl, it is a great time to buy Commercial Premium Property, as per the Property Management Consultants’ take. This is the point that you should note if you are an investor.

You can just go ahead and negotiate the price you’ve been wanting, pointing at the current situation. This is really a great reason to buy Commercial Premium Properties at the moment.

You can take your time and analyze the prices of the properties on Property Management Portals or check with any real estate dealers to get your facts right before deciding the property to invest in.

We are witnessing a steady rise in the Commercial Premium Property Investment. When you are finalizing a property, you can have a Property Management Company like Ownerstown to have your back. Property Investments are big decisions and having a support like that will surely put you forward and help you from making any blunders.

Advantages of Investing in a Commercial Premium Property:

• The interest of the tenants/clients and the property owners will go together.

If at all it derails, it affects both of their businesses. One, the retail tenant will lose their business and on the other hand, the property owner couldn’t get any hold of the tenant. So, both of them will agree with each other’s ideas and interests.

• It’s more of a Business-to-business type. This guarantees a professional relationship
• Investing in Premium Commercial Properties gives you a better return than any other residential property. Investing in Commercial Properties is a wise option.
• Only 8 – 10 hours of an accommodation per day
• Easy to do Price Evaluations
• Just like these advantages, everything comes with its own disadvantages.

Pros and cons

Disadvantages of Commercial Premium Properties:

• Huge Investments
• You will be pushed into multiple dealings and before you know, your plate will be full.
• You will need professional support like having a Property Management Company to manage your property. You can’t manage it yourself with all the mounting up issues.
• You ask for more risk with your Commercial Premium Property

Did you Know?

People think that Commercial Properties and Premium Commercial Properties are not for commoners but it’s more of like they are for big investors, and people in the business class. That is a completely false statement.

They made it look like that because for a commoner the risk that is involved in Commercial Properties is a nightmare but on the bright side, there is more money. The returns are great.

If you ever get any doubt in investments like investing in a Premium Commercial Property or residential property, cut the doubts and confusion by approaching OwnersTown, a Property Management Company in Bangalore.

Closing Points:

We believe to have given you an entire idea of “what Commercial Properties are”, “what it is like to invest in them”, “their pros and cons”, “the mere idea of investment”, and everything about Commercial Properties.

You should let yourself off the hook to unfold what the Premium Commercial Properties are going to give you in return when you are all set to invest in it.

We hope this blog is of some help to you.

Happy Investing!

Top 6 Things Landlord should do during the COVID19 Crisis: Tenant Management

COVID-19 has changed the way of life with lockdowns and curfews in several major nations across the world, including India. 185 countries are now affected by the virus and no end appears to be in sight. In a time like this, everyone is going into panic and desperation mode. Schools and colleges are shut, offices and malls are also shut. For property owners, Tenant management is also getting affected during this crisis.

The rapidly spreading virus has had a huge toll on property owners, delaying rent collections, indefinitely postponing maintenance and renovation work and, even while social distancing is being practised. No landlord wants to risk visiting a tenant and collecting rent.

The pandemic has even put a chokehold on rentals and handovers, making it tougher for landlords who want their properties occupied. If you have tenants, always remember to treat them with kindness as this saga plays out. With the situation changing form almost every day, stay informed on what’s happening so that you can get ahead when it comes to managing your tenants and your properties.

In a time like this, you, the property owner, must rise and prove yourself as an excellent landlord by honing your tenant management skills. With that mind, we are presenting you with six important tenant management tips that can help both you and your tenant during this crisis. 

Six Tenant Management Tips In The Time of Coronavirus

Switch to Online Rent Collection

From net banking to digital wallets, technology has empowered everyone to transact without physical touch. Ask your tenant to transfer their monthly rent via net banking or popular digital wallets such as PayTM or Google Pay or PhonePe to your preferred bank account. Remember that companies are now forced to cut employee salaries due to the crisis. So, if your tenant has had a pay cut, you could consider slashing your rent by 20-30% to make them breathe easier. Being a great landlord means understanding the troubles your tenant might be going through and helping them during that time.

Check-In of Older Tenants

Do senior citizens occupy one of your properties? They are most vulnerable to COVID-19, especially if they already have health issues. Keep in touch over the phone with your older tenants and check on their health and also ask if you could help them in any way. Older tenants will need help with shopping daily essentials such as bread, milk, eggs, vegetables or even medicines. You can arrange for delivery of these essentials on a weekly basis making the crisis just a little better for them. By doing so, you are not only doing a humane deed but also strengthening your relationship with your older tenants.

Prioritize Service Requests

With lockdowns being enforced all across the country, it will be impossible to handle maintenance requests as you did before. Sending service vendors to your properties will need to be done with a cautious eye. Firstly, you’ll need to ensure that your service vendors are safe from the virus. While professional contractors stress upon these details, individual workers do not. So, you should consider switching to hiring a service vendor from an agency – one that keeps its employees’ health and well-being at its core.

Tenant Management-Service Vendors

Meanwhile, you should create a list of all the necessary service requests and prioritize them based on their urgency. A re-paint isn’t the same as a plumbing problem. The former can be handled at a more appropriate time while the latter needs to be addressed immediately. You should also inform your tenants about the situation and ask for their patience. Keeping a clear, stress-free head during this time can in effect bolster trustworthiness as a landlord.

Enforce Social Distancing

Tenant Management-Social Distancing

Social distancing and reducing contact with other people are recommended measures to take to avoid the spread of COVID-19. While this may complicate your tenant management duties, it’s better to stay safe. Your actions will also save your tenants and their families from the virus.

Put off any and all maintenance checks and other routine tasks that you’ve scheduled. Once again, if you prioritize your tasks based on its need and purpose, you can protect yourself and others from the pandemic. Inform your tenants to not welcome relatives into the property. If you have property managers working for you, ensure that they also protected from the virus with masks and sanitizers.

Protect Your Tenants And Your Properties

Coronavirus spreads through contact. Hence, it is necessary to have your cleaning and housekeeping staff disinfect your property daily. If you have a commercial property, you should consider cleaning and disinfecting at least twice a day as commercial properties are visited by more people than residences. By having a sanitization plan in place, you can safeguard your properties and tenants from the virus.

You should also consider shutting down certain amenities as, during a time of crisis, it’s better to isolate the problem into a common area. If you own a commercial property, you can inform your tenants to close or remain open in minimum capacity so as to avoid a larger influx of customers.

Be Firm With Your Tenants On Social Distancing

One of the unwritten rules of tenant management is to be assertive and inform your tenants to not spend too much time outside or in the company of people other than their household. If your tenants have been to one of the affected countries since January 2020, you must ensure that they have been tested for the virus. Ignoring this could be disastrous. While it is possible for your tenants to assume that you are being controlled, they will nevertheless understand your concerns. Try convincing your tenant to stay indoors and spend more time with their loved ones.

Conclusion

In your role as a landlord, you can do your part by preventing the spread of Coronavirus. While this will affect that your monthly revenues, remember that everyone in the world is taking a financial hit as a direct result of this crisis. It is essential for you to stay informed on the situation and practice flexibility in your duties as a landlord. We hope that you will play the part of the superstar landlord and see yourself and your tenants through this crisis.

With OwnersTown, you can be a smart owner. As you can perform all your tenant management from your mobile phone. From collecting rent to sending important notifications and reminders, finding verified service providers, everything can be done with maintaining social distancing.

Sign up for free with OwnersTown and start managing your properties today! Contact us for more information and a free demo of our platform.

Top 10 areas in Bangalore for commercial property investment

Bangalore is indeed a hotspot for Commercial Property Investment. 

When you carry out Commercial Property investment in Bangalore, it provides great opportunities for investors to have a regular income. Commercial Properties yield a high return of investment making it the most happening real estate sector.

Adding to that, Since the commercial properties have a high rental end, investors now find the market pleasing enough to invest. 

Why Commercial Property Investment?

When there are residential property investments, why do investors have to choose Commercial Property Investment? If you are in here for the long run, you will know to choose commercial properties over residential is the wisest choice. The rents are high for a Commercial Property. To not forget, you are not dealing with someone who wants to buy, sell, or rent your property. You are dealing with the corporates which means you are out there for big deals. 

Let us give you some reasons as to why you should choose commercial property investment, 

1. Significant Growth in your career

You are in a Commercial Property Market, you will get familiar with a set of other businesses out there which makes it easier for you to seal a deal with much bigger clients. That’s what contacts are for, right? 

2. Dealing with Corporate Companies

Commercial Property Investment is a great market only because you will be dealing with Corporate Companies. This can be considered a great catch, you will be open to having conversations with more people from the corporate sector where if you target properly, they can easily become your clients. 

3. As a matter of fact, less competition

You don’t have to hustle every single moment trying to put yourself first. It means you have to work but do not have to take so much pressure, the competition is very less. All you need to do is figure out who needs a Commercial Property right away. There you got yourself a deal. 

A Big Sector with fewer Competitors does feel like doing a cakewalk. 

4. You can get great Income

A Commercial Property does bring good income than the residential market. That’s why investing in a commercial property can be a really great idea. 

If you are renting out a commercial property, no matter what the odds are, you will keep getting your checks for rent. They got to do business somehow, so the rent keeps rolling. 

Is Bangalore a Good place for Commercial Property Investment?

There is a demand for commercial spaces in Bangalore making it an ideal option for Commercial Property Investment. 

Commercial Property Investment in Bangalore has skyrocketed in the past few years and it will continue to do so. You can absolutely get in touch with a Commercial Property Management Company to guide you and provide you with leads. 

If you manage to Invest in a Top Commercial Property in Bangalore, you can easily earn a fortune. A good means of ROI is all an investor needs, Bangalore has been continuously serving a healthy ROI for quite some years now. Keep in mind that no matter what place, there is no place for the disappointment if you smartly invest in a Commercial Property. 

Top 10 areas in Bangalore for Commercial Property Investment

Given all the information about the Commercial Property Investment, you sure now know Bangalore and Commercial Property Market go hand-in-hand. If you can’t find a good Commercial Property to invest in, You do know who to contact, Ownerstown Property Management Company will be there for your aid.

 

Here, We will provide you with the Top 10 areas in Bangalore for Commercial Property Investment, 

1. Electronic City

2. Whitefield

3. Outer Ring Road

4. Domlur

5. Bannerghatta Road

6. Mysore Road

7. Koramangala

8. MG Road

9. Yelahanka

10. Indira Nagar

These are the established and the most sought after commercial hubs in Bangalore. If you happen to invest in Commercial Properties from any of the areas mentioned above, you can get in touch with the ownerstown Property Management Company. 

Why Does Location matter so much in a Commercial Property Investment?

If you are set out to find yourself a good place to invest in a Commercial Property, all you need is the right location. Because businesses are searching for places that can help them grow. Why would someone run a business in a place no one is aware of?

The location you choose should be beneficial for the businesses when they rent. Also, the location you choose to invest in a property will decide it’s resale value. 

You should be careful and smart or maybe take help from a Property Management Company before doing so. 

What are the factors to look out for before investing in a Commercial Property?

There are three things that you need to analyze before investing in a Commercial Property, 

● Great Location

● Ambiance

● A property that is Properly Maintained

If all of these are set, you are good to go. 

Key Benefits of Investing in a Commercial Property

The Commercial Property Market has greater risks than the residential Property Market. We mean to say that the Commercial Property Market requires a huge investment than the latter. 

But to top that risk, there are some interesting benefits of investing in a Commercial Property.

Some key benefits are, 

● High Income

● Greater Equity Potential

● Commendable Appreciation Value 

● Guaranteed Returns

Bangalore is a city full of entrepreneurial dreams everywhere around the corner. They all set out in the quest for finding the best Commercial Properties for their business. This is where you pitch in with a great price and lock the deal. 

Even though there is uncertainty in the situation right now, businesses are taking advantage of this opportunity to find a great place for their company. 

As you know that there is going to be a rush for businesses to find a great commercial property in a great place, you can go ahead and invest in a Commercial Property.

Closing Notes:

There is always a thirst for commercial properties and that makes commercial property investment a reliable choice. You can find great commercial properties with excellent amenities from Ownerstown Property Management Company, one of the best Online Property Management Companies in Bangalore. 

Happy Investing!