Professional management will optimise property assets to deliver maximum performance and return on investment. have you heard of our all encompassing smartPROP service?
If you are thinking about investing into property, or are already the landlord of a commercial or residential premises or portfolio, you may be wondering whether you should engage the services of a dedicated property management company or try and manage the assets alone.
When you invest in real estate, it’s important that the management of your properties be handled professionally and with care. By choosing a provider who has clear fees for services rendered along with an extensive skill set to ensure their expertise is put into practice every step of way; not only will they manage all aspects but also offer personalised attention based on each client’s unique needs which ensures maximum profitability from our investments!
Here we give an overview of just some of the time and cost saving benefits a full service, professional property management provider can offer.
Benefits of employing a property management service
- Stay up to date and compliant with legislation
- Rent collection
- Managing rent reviews and lease renewals
- Explore new investment opportunities
- Maintenance and repair
- Communicate between landlords and tenants
Keeping up-to-date with legislation
Rental properties are subject to an increasing amount of legislation and as a landlord you have responsibilities towards your tenants that you simply can’t afford to ignore.
As well as gas safety checks, electrical systems checks, fire safety regulations, Legionnaires Disease checks and legislation, maintenance and repairs, your tenants’ deposits must also be held in an approved deposits’ scheme.
Failure to put your tenants’ deposits in an approved scheme can mean that you lose some of your legal rights if a tenant stops paying their rent and can result in hefty fines or even imprisonment.
Working with a reputable service provider means that you can rely on them to keep you completely up-to-date and compliant with the latest legislation and they will be able to schedule the appropriate checks to ensure that your properties and tenants are suitably covered.
Check out our next blog for even more benefits on why you should have a property management service for your commercial properties!
Mon Nov 27 2023
Mon Nov 27 2023
Mon Nov 20 2023