Managing property as an NRI? Here is the 101 guidline to protect your assets
Owning Indian property from afar presents challenges, from unpaid rent to legal issues. Non-resident Indians must actively supervise their investments. Key advice includes appointing caretakers, conducting thorough tenant background checks, and using strong legal agreements. Staying connected remotely, centralizing repairs, and limiting Power of Attorney are crucial for safeguarding assets and ensuring value.
Owning Indian property from afar presents challenges, from unpaid rent to legal issues. Non-resident Indians must actively supervise their investments. Key advice includes appointing caretakers, conducting thorough tenant background checks, and using strong legal agreements. Staying connected remotely, centralizing repairs, and limiting Power of Attorney are crucial for safeguarding assets and ensuring value.
