SimplyMoveIn Homes: What's for investors?
SimplyMoveIn is a professional managed accommodations company that provides fully furnished 1 BHK and studio homes without any brokerage, deposit or lock in. We are the most preferred rental housing operator that provides fully furnished independent and private homes to young working professionals in Bangalore.
Partnering with a managed homes player gives investors (buyers/owners of property) a stable high-quality rental income without having to get into the hassles of property and tenancy management. At SimplyMoveIn, we manage your property as if it is our own and generate rental yields that compare, if not beat, with commercial real estate rental yields.
We have a simple proposition for property investors:
1) Search a suitable property for purchase: we will identify properties that are best suited for rental housing keeping in mind our target customers - the young workforce. We focus on 1bhk and studio apartments that, we believe, generate the highest rental income per rupee invested. We usually take exclusive mandates and charge a success fee when the purchase transaction is closed.
2) Enter into a long term management contract: we will enter into a long term management contract with the investor to have the exclusive right to market and rent out the property for a certain period of time. The management contracts are, broadly, of two types - fixed leases and revenue sharing. The choice of the contract varies on a case to case basis. Revenue sharing, in almost all cases, generates higher rental yields for investors.
3) Furnish the property: the investor needs to hand over at least a semi furnished property i.e. all electrical and sanitary fittings, modular kitchen (or kitchen cabinets) and wardrobes. We highly recommend that investors furnish their flat in entirety because the incremental return per rupee invested in furnishing, and the probability of the flat staying occupied in the long run is high.
4) Hand over and enjoy the rental income: Give us the keys, sit back, relax and enjoy your rental income.
For any queries, please feel free to reach us on +91-9108447825/9 and/or write to us on firstname.lastname@example.org