Managing a property in Bangladesh can be a real challenge. From finding reliable tenants to collecting rent and keeping up with maintenance, the responsibilities can quickly become overwhelming. That’s why property management services are gaining popularity here, especially among busy professionals and Bangladeshis living abroad.
But how do you choose the right property management company? Here’s what to look for before making a decision.
Why Property Management Services Matter
Property management is relatively new in Bangladesh, but it has been a common practice in developed countries for decades. Instead of struggling with tenant issues, utility bills, or property maintenance, you can hand over the responsibility to a professional service.
This not only saves time but also ensures your property is managed efficiently, legally, and profitably.
What to Look for in a Property Management Service
1. Experience and Track Record
Look for companies with proven experience. A service provider with years in the market and hundreds of managed properties is more likely to handle unexpected challenges smoothly.
2. Tenant Management
Good property managers should:
- Find and screen tenants properly
- Prepare all necessary rental agreements and legal paperwork
- Handle rent collection on time
This ensures you don’t have to chase after tenants every month.
3. Bill and Utility Management
Some property management companies also collect utility bills from tenants and pay them on your behalf. This reduces hassle and ensures there are no unpaid dues piling up.
4. Maintenance and Repairs
Property upkeep is critical. The right service should provide regular maintenance, handle repairs quickly, and keep your property in good condition.
5. Legal Support
From drafting agreements to dealing with disputes, legal knowledge is essential. Ensure the company has expertise in property law and rental regulations.
6. Special Services for NRBs (Non-Resident Bangladeshis)
If you live overseas, property management can be even more valuable. Look for services that help you:
- Buy property in Bangladesh safely
- Manage rentals remotely
- Ensure legal protection and secure transactions
Recommended: Century Realtor Property Management
In Bangladesh, Century Realtor is one of the service providers offering professional property management. With over 20+ years of service, 600+ listed properties, and 250+ happy customers, they handle everything from renting and legal documentation to utility bills, tenant management, and property repairs.
They also specialize in helping Bangladeshis living abroad purchase and manage properties in secure locations, ensuring peace of mind even from thousands of miles away.
Final Thoughts
Choosing the right property management service in Bangladesh comes down to trust, experience, and the range of services offered. Whether you live in Dhaka or overseas, a reliable company can save you stress while keeping your property profitable.
FAQs About Property Management in Bangladesh
Q1: Is property management common in Bangladesh?
Not yet, but it’s growing fast as more property owners see its value.
Q2: How much does a property management service cost?
Costs vary depending on property size and services, but most companies charge a fixed percentage of rental income.
Q3: Can NRBs use property management services?
Yes, many providers, like Century Realtor, offer specialized services for overseas Bangladeshis who want to buy or rent out properties here.
Q4: Why not just manage the property myself?
You can, but managing tenants, legal documents, repairs, and bills can take a lot of time. A property management service handles it all professionally.
