Pioneers in NRIs Property Management
NRIs over the globe, regularly require specific property management managers to help them in taking care of their property, for example, transfer of property, property investigating, assessment of property, and purchasing or offering of property in India. At Lisa Home Solutions, we have answers for all your property management related issues. Lisa Home Solutions was formed keeping in mind the problems that the property owners face while managing the property from a outstation or a foreign land it can be a big challenge to rent out the property, doing the paperwork, filing the taxation, etc. These issues were faced by the founder of the company Mr.Ratnesh Upadhyay who stayed abroad while working for one of the leading software MNC, he himself understands the pain of renting and maintaining the property being an NRI. As Pune real estate was once driven by the IT professionals, Lisa Home Solutions was founded to help these NRI professionals.
5 things that NRIs need most help with
Tired of wasting your time handling repairs? Let us address maintenance on your behalf. We filter tenant requests & coordinate with in-house and preferred vendors to get the job done right.
Our group conducts a frequent inspection of each rental home in our portfolio to guarantee tenants are respecting their leases. This gives unbeatable peace of mind.
Timely Rent Collection
Say goodbye to chase late lease cheque every month. Our team handles all collection efforts on your behalf, with earnings disbursed quickly to protect cash flow.
The right tenant has a significant effect. Each application experiences thorough screening, including money-related and background verifications, to keep you ensured.
Police Verifications & Documentations
When a property is rented, the details of the tenants are to be submitted to the local police station. A tenant detail form has to be filled and submitted along with the registered leave and license agreement.
Where we specialize
Experienced maintenance partners at right rate and right quality
Deposit claims negotiated
Property safety taken care of
Yearly inspection of property is done to insure property remains maintained
Why Lisa Home is the best choice for NRIs?
Lisa Home Solutions, Pune is a privately owned company currently present across Pune to deliver its property management services in Pune, Maharashtra. We are currently managing properties worth INR 500+ Crore.
Our crisp, practical and hands-on experience to deal with property management has turned out to be extremely fruitful at building long-term relationships with all industry stakeholders such as property developers, tenants, and other vendors. Lisa Home Solutions understand the significance of giving an effective and dependable property management service which differentiates us from other property service providers.
Want to know how much rent your property will fetch?
Our property renting experts can help you choose the right tenants for your property
Questions regarding Rental Income & Capital gain
How rental income is taxed for NRIs?
Rental Income earned in India is added to your overall income in India and is taxable. You can claim maintenance deductions on the rent received from the property. The rent received could be deposited in NRE or NRO account and can be transferred to another country’s bank account.
Its advisable to file your income tax returns in India by taking help of a competent CA. You could also let us know, if you want help in filing Income Tax returns and we will connect you to some CAs here.
If NRIs sell property in India, how is Capital gain taxed and how can property manager assist you with this?
Capital gain tax is part of Income Tax that every individual has to file. The buyer should deduct 20% TDS on the sale amount of the property. But you could apply for Lower Tax Deduction Certificate in case your capital gain is less than TDS being deducted after taking into consideration the Indexed cost of acquisition of property.
You could also apply for Tax Exemption Certificate from Income Tax department in case you are planning to re-invest the gains into buying a new property.
We suggest that you should consult with a competent CA regarding these matters since you may need help in obtaining these certificates from Income Tax Department. Let us know if you need help in these matters, we can connect you with some CA here in Pune.
Most common questions that our NRI clients ask regarding property management service
How will this work?
Once you send us the property details and your details to us by clicking on the below button named Talk to your property manager now, we will get in touch with you. We will discuss your expectation regarding the rent and the profile of tenant. We will visit your property and send your property pics and the market rent.
We will also answer any questions that you may have. Once, you are satisfied that the service solves your problem, we will go ahead for renting you premise.
Who signs the agreement if I am abroad?
The agreement can be signed using biometric device. Alternatively, if any friend or family member of yours has your Power of Attorney to sign on your behalf, we can use that.
You may also give your POA to Lisa Home Solutions (P) Ltd to sign Leave & Licensee agreement on your behalf.
Is it safe to give POA to family, friend or company?
Yes, it is safe. The POA has limited powers of only signing the agreement and collecting rent, inspecting property etc.
We will send the draft to you and you can discuss with your trusted lawyer just for mental peace.
Will you charge for this service?
Our charges are very low and the money we save you in terms of maintenance and inspections pays for the fees.
Since, we reduce the time your property remains vacant that is additional money in your bank.
Mental peace & convenience all are added value.
How old is Lisa Home Solutions (P) Ltd?
We have been serving NRI clients for more than 12 years now. We have deep experience and understand NRI needs. You will love to work with us.
The company was founded by a Software engineer in 2005 who worked in UK for long duration. We understand NRI issues very well.
Can I expect a really hassle-free service?
Yes, you will have 3 main benefits:
- Peace of Mind
- Better Rental Income
Please talk to us once.