Grasp how to safely navigate in the real estate world and ensure yourself a long-term passive income.
The Real Estate world is to most people unknown and risky, but the real challenge is to find the right support able to help you when investing abroad.
So, how to spot the right team of people?
First of all, stop looking at their fancy marketing campaign and promises. Look at their company profile, their story, their numbers, and look at the agents’ profile and expertise.
PROVEN RESULTS OVER A LONG-TERM PERIOD ARE WHAT COUNTS!
If you thought that investing in a property would have been simply down to the purchasing stage, well, bad news... There are a number of other factors to consider and take into account.
How do I find a tenant?
Are they going to be a good quality tenant?
How do I cash my returns?
Who will ensure my tenant is respecting my property?
What if something goes wrong and my property requires maintenance?
Who will hand over my property when required?
How do I pay the required fees and charges?
How do I represent myself at the owner’s association?
Let’s be honest on this: most agents deliberately do not mention most of the above not to discourage the investor. The agents tend to remain silent about the time and resources needed and how the above requirements can affect the yield of your investment.
MOST AGENTS JUST SELL AND WALK AWAY WITH THE COMMISSION IN THEIR POCKET.
Now, THESE ARE THE 5 FACTORS TO SAFEGUARD YOUR INVESTMENT
Expertise and knowledge of the market, current trends and sentiment
A complete transparent approach
A reliable, skilled, and professional point of contact who is always available
Real Time monitoring of the investment and its financials
Consistent maintenance and upkeep of the property
The right partner will navigate and support you on this journey and should have the following attributes:
1. Agent and his company must be RERA certified and accessible at ALL TIMES.
All of Your Place's agents are fully licensed by RERA
2. Experienced with a thorough understanding of the market and other economic influences, so they can advise on the most lucrative investment opportunities.
With a combined 20+ years in the market, Your Place have witnessed and navigated through all markets.
3. Demonstrate previous advice and show examples of successful investments.
Your Place have an array of active portfolios always available for reference.
4. Ability to provide a monthly financial report of your investment.
Your Place online real time reporting that’s available to clients 24/7 includes sections such as account statement, portfolio outlook, portfolio income milestones, tenancy contract management, cash balance available.
We are able to provide the investor with all available information like: rental income received, payments made, utility fees, service charge transactions, maintenance transactions and management fees.
5. Ad-hoc team ready to deal with all emergences and any other maintenance issues.
Your Place consider the importance of property maintenance, responding to any emergency immediately, ensuring the property is kept in the best possible condition at all times.
A well administered and maintained property attracts the best tenants, and a property with no issues is the most attractive to the market.
PREVENTATIVE MAINTENANCE IS BETTER THAN REACTIVE, KEEPING THE RENTAL INCOME STABLE, REGARDLESS OF THE MARKET TRENDS.
6. A transparent and complete explanation of all the expenses and fees that you will need to pay in order to purchase a property.
Such as the Dubai Land Department Fee, Property Transfer Fee, NOC, and agency fee (typically 3% of purchase price + 5% VAT), and any other related fees.
7. Provides a full hands-off approach, where the full process A-Z is seamless, allowing you to enjoy the passive income whilst having the confidence that your property is in capable hands.
We call this Your Place full stress-free ownership, aiming to become the one and only point of contact for the investor, to manage the full situation.
HOW DO YOU FEEL NOW? A LITTLE CONFUSED AND OVERWHELMED BY THE NUMBER OF THINGS TO THINK ABOUT, CHECK AND DO BEFORE TAKING YOUR FIRST STEP IN THIS HIGHLY PROFITABLE WORLD?
Before coming to a conclusion on your investment, plan a meeting with us. We can help you understand whether considered all aspects, risks, and how to maximise profit when investing in Dubai, or if you missed some critical details.
Whatever the outcome, we will be happy to of made you aware of how investing in Dubai should really be.
You will come to see that investing in real estate in Dubai with Your Place, considerably lowers your risk, and that investing in real estate has never been as easy.