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1 TakeCARE March, 2010 Property Care Services

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Page 1: Take care property care

1TakeCARE

March, 2010

Property Care Services

Page 2: Take care property care

2TakeCARE

Introducing TakeCARE

• TakeCARE is promoted by:– K Ramakrishnan

• MBA with over 25 years of financial & property services experience. • managing the complete estate of large families • complete understanding of Chennai real estate market

– K Sridhar • CWA, CS with over 20 years of financial services experience. • Managing investments of various large investors and retail investors. • Understanding of the Hyderabad real estate market

– V Vijaya Bhaskar • Qualified technology professional and • Entrepreneur

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Services from TakeCARE

• TakeCARE is a ‘Family Office’ which provides comprehensive suite of services to various families

• Services for family businesses include:– Business Advisory– CFO Advisory– Funding Advisory– Statutory Compliance Advisory

• Services for individuals & families Include:– PropertyCARE– InvestCARE – SuccessionCARE– Other Services

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Property – An Important Asset Class

• Investment in property has always been one of the important and major investments of Individuals & families

• Key requirements to benefit from property investments are:– Ensuring productivity (through renting out)– Quality Maintenance (In order not to dilute the value of property)– Regulatory compliance (By adhering to various requirements of tax

and other charges)– Continuous ‘monitoring’ & Periodic Review

• However, owing to ‘professional compulsions’ these are not easily possible– Staying in a location different from the property’s location– Remote managing property– Not giving priority for the same

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How to manage effectively?

• Take the support of ‘Professionals’ for property management– Who are in the location of the property– Are dependable and trust worthy– Understand the market

• What services should you expect from Property Services– Day to day Management of property requirements– Getting a ‘tenant’ and managing the relationship with the tenant– Timely payment of all taxes and charges – Periodic visit to the property and inspecting the maintenance– Continuous update on property status to the owner– Support for another property for subsequent investments– Reducing your head ache of managing – Professional service at reasonable charges

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PropertyCARE

• A focused service from TakeCARE for:– Property investment in and around Chennai, Hyderabad & Bangalore– Handling the complete Property requirements– Specifically for those who have invested in multiple properties and high

value properties– Service also suitable for ‘Aged’ customers who are unable to manage the

requirements of property administration• Professional approach

– Partners get personally involved in the property care providing necessary comfort

– Tie up with the best in class partners for legal / valuation etc. so as to ensure top quality service

• Have on going relationship with business community and top professionals who have property service requirements both for sale / purchase as well as for rental

• Both residential and commercial space, with focus on residential side

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Services from PropertyCARE

• Managing existing properties– Tenant identification & relationship including collection of rent– Periodic visit and inspection of the property– Payment of taxes and other charges in time– Participation in ‘Society Discussions’ when necessary (specifically

when capital amount needs to be put in for maintenance)

• Identifying new investment opportunities– Depending on the needs of the client– Update the client with various upcoming opportunities in the city of

choice– Getting attractive deals on Properties & Housing Loans– Co-ordination with builder / developer and tracking the development

of the property subsequent to investment

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Value added services

• Legal support– Review of all property related documents and identifying gaps, if any– Review of properties shortlisted for purchase – Lease / Rental agreements – Creating ‘Will’ and other documents necessary for ease of transfer of

property – Obtaining Encumbrance certificate from local authority

• Valuation support– For purchase or sale of property– When necessary for raising loan / estate valuation etc.

• Loan Account review – Periodic review of ‘Housing Loan’– Getting Interest & Principal outstanding certificate etc.

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Fees & Charges

• Basic Property Care– Rs. 20,000 per property per annum– Actual expenses incurred on various services & maintenance including

legal / valuation will be on payable on actual

• Identifying tenant– 1 Month rental as the tenant identification charges

• Identifying Buyer – 1% of property value

• Identifying new property for purchase– 1% of property value

• Other service– As mutually discussed & agreed upon

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Contact

• Chennai: New No. 18, Maharishi Garden,5th Cross St., CIT Colony, Chennai 600 004Ph: 044 - 4210 7484

• Hyderabad: Flat No. 5, Block B, Kundan Towers, Mayuri

Marg, Begumpet, Hyderabad 500 016Ph: 040 - 2776 0366

• Personal Contact– K Ramakrishnan [email protected], +91 98490 59990– K Sridhar [email protected] , +91 98490 02127– V Vijaya Bhaskar [email protected], +91 93845 91011

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Thank You