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FIVEXGROWTHREALTY
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Property Management

Hands-off ownership for landlords and NRIs.

Tenant sourcing and verification, rent collection, police verification, maintenance coordination, and quarterly inspection reports — end-to-end management for owners who cannot be on site.

  • checkTenant sourcing & vetting
  • checkRent collection & follow-up
  • checkQuarterly inspections
Management Fee

5-8%

Of monthly rent

Inspection Reports

Quarterly

With photographs

Tenant Verification

Included

Police + employment

Rent Follow-up

Handled

You are not the chaser

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What We Handle

  1. person_search

    Step 1

    Tenant sourcing and vetting

    We market the unit, screen applicants, verify employment and previous tenancy, and run the police verification the law places on you as landlord.

  2. contract

    Step 2

    Agreement and e-stamping

    A properly drafted eleven-month agreement on correct e-stamp value, with an itemised fixture inventory and dated handover photographs.

  3. payments

    Step 3

    Rent collection

    Rent is followed up and remitted to your account. Late payment is chased by us, which keeps the relationship between you and your tenant clean.

  4. build

    Step 4

    Maintenance coordination

    Plumbers, electricians and carpenters arranged and supervised, with your approval sought above an agreed threshold.

  5. photo_library

    Step 5

    Quarterly inspection

    A dated photographic report of the property condition, so damage is caught early rather than discovered at vacation.

  6. logout

    Step 6

    Exit and settlement

    Meter readings, dilapidation assessment against the original inventory, and a fair deposit settlement that does not end in a dispute.

Own property you cannot visit?

Tell us where the property is and whether it is currently let. We will send a management proposal with the fee and scope in writing.

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Guide

Letting Property You Cannot Supervise

Owning a let property in India while living elsewhere — another city, or another country — creates a set of problems that only surface once something goes wrong. Rent stops arriving. A tenant sublets. A leak damages the flat below and nobody tells you for three months.

Professional management exists to put someone accountable between you and those problems, and to catch them early enough that they stay small.

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What Absentee Landlords Actually Lose Money To

  • check_circle

    Unverified tenants

    Police verification is a legal obligation on the landlord, not the tenant, and skipping it exposes you to penalty as well as to the risk itself.

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    No handover inventory

    Without dated photographs and a written fixture list, deposit disputes at vacation come down to one word against another, and the landlord usually loses.

  • check_circle

    Deferred maintenance

    A small leak reported late becomes structural damage and a claim from the flat below. Quarterly inspection is far cheaper than the repair it prevents.

  • check_circle

    Tenants who overstay

    Recovering possession through the courts takes years. A properly drafted agreement with clear term and notice provisions is the practical protection.

  • check_circle

    Rent drift

    Owners who avoid the awkward conversation often let rent fall 15 to 25% below market over a few years, which compounds badly.

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Particular Points For NRI Owners

Rent received by an NRI is taxable in India, and the tenant is required to deduct TDS at 31.2% under Section 195 before paying — far higher than the 2% that applies when the landlord is resident. Many tenants are unaware of this obligation, and the liability for failure sits with them, which creates friction you can avoid by addressing it in the agreement.

You will also need an NRO account to receive rent, and Form 15CA and 15CB from a chartered accountant to repatriate it. Filing an Indian return is usually worthwhile since actual liability after the 30% standard deduction is often well below the TDS deducted, making a refund available.

A specific Power of Attorney, executed before the Indian consulate or notarised and apostilled locally, lets a trusted person or your manager sign agreements and handle registration on your behalf.

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Frequently Asked Questions

What does property management cost?

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Typically 5 to 8% of monthly rent for ongoing management, with a one-time fee equivalent to about half a month's rent for tenant sourcing and agreement execution. Against a month of vacancy, a deposit dispute, or an unreported leak, the fee usually pays for itself within the first year.

Who is responsible for police verification?

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The landlord. Failure to complete tenant verification can attract a penalty under Section 223 of the Bharatiya Nyaya Sanhita, and it is the owner who is liable, not the tenant. We complete it through the state police portal for Delhi, Uttar Pradesh and Haryana as part of onboarding.

What happens if the tenant stops paying rent?

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We follow up immediately and escalate through the notice provisions in the agreement, which is why those clauses matter. Most non-payment is resolved at this stage. Where it is not, the security deposit provides cover while formal steps proceed. Self-help remedies such as changing locks or cutting utilities are unlawful and expose you to liability, so they are never used.

How often will I hear from you?

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A quarterly inspection report with dated photographs, monthly rent remittance confirmation, and immediate contact for anything requiring a decision or spending above the threshold we agree. Owners abroad generally find the photographic record the most valuable part, since it is the only independent evidence of how the property is actually being kept.

Can you manage a property that is currently vacant?

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Yes. We market it, screen tenants, execute the agreement and take over ongoing management. For vacant property not yet ready to let, we can also coordinate painting, repairs and deep cleaning first — a flat that shows well lets faster and at a better rent.

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Our RERA-registered advisors will validate these figures against live inventory, developer payment plans and current bank rates — at no cost to you.