Efficient and effective property management
Property management refers to the overseeing of properties or real estate generally via third-party. In other words, the owner of the property has handed over to a property management agency who will oversee the maintenance, monitoring, and operation of the property. When an owner involves a property management agent, its generally because the property is an investment, so it is essential that it is well managed, and that investment is protected.
Maintenance
The biggest element of owning a property whether it’s your own residence or a rental is the maintenance and upkeep. The landlord will often handover the property to a professional property management company so that they can take on the responsibility and coordinate maintenance which is one element of their role. This means that the property maintenance manager will oversee routine work such as seasonal repairs, landscaping, and cleaning. The property manager will also be responsible for reactive property maintenance which is a service provision that addresses any urgent solutions needed for the structure, repairs, leaks and anything around safety and security.
How can you tell you have a good property management company?
Aside from the coordination of maintenance as discussed there are many other parts of the service that demonstrate how good a property management company is. Here are some of the elements of service to look out for:
- Strong communication
- Professional tenant/landlord relationships
- Sound knowledge of regulations on tenancy
- They offer a renovation and refurbishment service
- EPC and gas safety certification
When a letting agent offers landlord services that cover all the above, it’s easy to see that they have a broad knowledge of the rental market and supporting landlords. Aside from dealing with the maintenance of your property, when you sign up with a decent property management company, you instantly have access to their database of clients meaning you are far more likely to get the property rented quickly to the right tenants.
Property management specialist
Most investors who decide on a buy to let to generate income understand that the month-to-month running of that property is critical to the success of the investment. If it was easy to manage property everyone would do it. The role a property management team plays is a broad range of skills and expertise that shows the depth of knowledge needed to do this. We are proud of the knowledge we have accrued over the years and we talk about this in more detail in our blog on how to be a property management specialist.
We have made it a business to support landlords in every aspect of property management. We know that investing in property is a sound financial decision, so we have made it our goal to provide a superior service that makes the landlords life easy. It was wonderful to be recognised for that last year when we were awarded best letting agency in WC1H. We are a tight team who have worked hard but it means everything to us to see that recognised through our clients and independent reviews. Get in touch if you want to hand over the management of your property.