Frequently Asked Questions

FAQ

Quick answers to help owners and tenants make the most of RentMAX

RaniMAX is a professional property management firm founded by experienced real estate and financial sarvice professionals. We specializa in providing stress-free renting and properly management services.

RentMAX offers a range of services, including leasing, pre-leasing, and post-leasing services. We handle everything from apartment showcasing to fit-out management, documentation, rent collection, utility bill payments, and move-in/move-out inspections. In short, we ensure end-to-end management of your apartment and your tenant right from the time we find you one until the time the tenant moves out after the completion of the contract

RentMAX utilizes verified market intelligence to strategically price your property and maximize rental income. Maximizing rental Income requires you to set the right price/rent for the apartment.

To give an example, Person A priced his apartment at Rs. 65,000/-per month, while Person B charged Rs. 60,000/-per month for a comparable apartment. because the market is open, Person B is likely to find a tenant before Person A. If Person A finds a tenant 30 days later than Person B, it will take Person A at least 12 months to recoup the opportunity cost of pricing his apartment at Rs. 60,000 and having it rented out 30 days earlier. We at RentMAX make sure that these mispricings don't harm you.

We also provide advice on adding furniture and home appliances to create additional income streams and maximize rental income.

Using advanced technology like VR, 360-degree views, and detailed photographs, RentMAX attracts high-quality tenants, predominantly salaried professionals. We conduct thorough background checks, police verifications, and AADHAR & PAN validations to ensure tenant quality.

The cost offered by RentMAX is all-inclusive and includes the following:

  1. Offering precise strategic inputs to accurately rent out your apartment instantly
  2. Using the newest digital tools to promote your apartment
  3. Displaying apartments and negotiating rent
  4. Stamp duty and registration fees (owner's share) related to the rental agreement
  5. A thorough move-in report
  6. Thorough cleaning the apartment before a tenant moves in
  7. Committed RM assistance for the duration of the lease to ensure prompt rent collection, handle maintenance-related concerns, etc.
  8. Relevant statutory charges and taxes

Getting started with RentMAX is easy! Simply contact us through our website or the contact information provided, and our team will guide you through the process of renting out your apartment or finding your dream rental property.

Email ID: info@rentmax.in
Call: +91 8108736363

For now, RentMAX is focused on managing properties in upscale gated communities in Thane and Mumbai; however, in the future, RentMAX may think about managing other types of flats as well. Please send us a note with the specifics of your flat, and one of our representatives will get in contact with you right away.

Service Fees:

1. Year 1 Fees:
  • 10% of Year 1 rent for 12 to 36-month rent contracts
  • 15% of Year 1 rent for contracts beyond 36 months
2. Year 2 Onwards:
  • 7.5% of that particular year's rent for contracts of 12 to 36 months
  • 5% of that particular year's rent for contracts beyond 36 months
Example:
Person A rents out their apartment for Rs. 100,000/-per month, which is an annual rental of Rs. 12,00,000/-with a 5% escalation annually for a 36-month contract.

RentMAX fees:
  • Year 1: Rs. 120,000/- (10% of Rs. 12,00,000/-)
  • Year 2: Rs. 94,500/- (7.5% of Rs. 12,60,000/-)
  • Year 3: Rs. 99,225/- (7.5% of Rs. 13,23,000/-)
Renewal & Early Termination:
  • Renewal with the same tenant: Year 1 fees for the new contract will be 50% of the normal fees. Fees remain the same from Year 2 onwards.
  • Early termination: RentMAX provides a pro-rate credit against future fees upon finding a new tenant. Example: If tenant leaves after 27 months, RentMAX provides a pro-rate credit against future fees of Rs. 74,418/- to the owner (year 3 fees of Rs.99,225/-)

RentMAX is a professional property management firm founded by experienced real estate and financial service professionals. We specialize in providing stress-free renting and property management services for both apartment owners & tenants.

RentMAX offers apartments in premium gated-community projects across Mumbai & Thane and offers a wide variety of apartments ranging from 1 BHK, 2 BHK, 3 BHK & beyond. All apartments offered by RentMAX are snag-checked and come with a thorough deep-clean service before being offered for possession to tenants. In addition to this, RentMAX provides an all-inclusive service offering.

RentMAX focuses on premium complexes with superior quality apartments. We offer a wide variety of apartments within each complex, ensuring maximum choice for our tenants. Our goal is to match you with an apartment that meets your needs and preferences.

RentMAX utilizes verified market intelligence to ensure that you pay the most optimal rent and are not overcharged. We provide strategic inputs based on market analysis, ensuring that you get the best value for your money.

RentMAX takes away all the effort required for fit-out management, documentation, and post-renting management tasks. We handle everything from move-in and move-out inspections to security deposit release, ensuring a smooth and hassle-free renting experience for you.

RentMAX's pricing is all-inclusive pricing and covers all the following:
  • Stamp duty and registration fees (tenant's share) for the rental agreement
  • Comprehensive move-in report
  • Helping with the security deposit adjustment when the tenant moves out
  • Thoroughly cleaning the apartment before a tenant moves in
  • Committed RM assistance to handle maintenance-related issues, etc., for the duration of the lease,
  • Relevant statutory levies and taxes

Getting started with RentMAX is easy! Simply reach out to us through our website or the contact information provided, and our team will guide you through the process of renting an apartment or finding your dream rental property.

RentMAX offers a wide variety of apartments in premium gated complexes in Mumbai & Thane. By giving an exclusive mandate to help find you an apartment, you get expert advice on zeroing the best locations most suitable to your requirements and also ensuring the apartments are available to you at the most apt market rentals and you don't end up overpaying for them.

This not only ensures monetary safety but also ensures you don't waste your precious time moving around and checking out apartments that don't fit into your criteria/requirements.

Lastly, the service offerings of RentMAX like a dedicated relationship manager, detailed move-in report to ensure no illegitimate deduction/forfeiting of your security deposit etc ensures you a true stress-free renting experience.

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