As a landlord, one of the most significant decisions you will make when renting your property, is whether or not to use a property management company or manage the property yourself.
On the one hand, taking care of the property management yourself means keeping 100% of profits and retaining full control. On the other hand, using a property management company means having a team of local experts to assist you in the day to day running of your property, saving you time and, potentially, money. Beyond that though a property management company gives you peace of mind.
In this blog, we explore the benefits of using a property management company, and why we are the right property management company for you.
Shorter tenancy voids
Securing new tenants is not as easy as you think.
To get noticed in the market, your property must be visible and, more than that, visible to the right people. Once a potential tenant shows interest, there are viewings, references and deposits to manage before the tenancy has even started.
With extensive knowledge in marketing properties and a network of potential tenants, you can expect much shorter vacant periods when working with us. We know that for every day your property is vacant, it is not profitable and that’s why we aim to keep the void between tenancies to a maximum of eight days (including a five-day period for any work that may be required).
A long-term, mutually beneficial landlord and tenant relationship
Getting tenants is great but getting the right tenants is even better, because an unhappy relationship between landlord and tenant can be exhausting for both parties.
The practices and procedures we have in place are designed to minimise this potential issue. We take the time to understand what you and the tenant want, need and expect at the outset to ensure the best possible match and our comprehensive referencing process means we minimise your risk when it comes to tenants.
100% tenant satisfaction
Once a new tenancy begins, you may struggle to find the time to proactively manage your property, especially if it is a secondary source of income and you have a full-time job or other commitments to focus on. You may also have a portfolio of properties, which is even more time intensive.
Our property management and accounts teams serve the whole of the West Midlands and can help you to meet 100% tenant satisfaction.
One of the key aspects of our service is the ability for a tenant to request maintenance and repairs online. If and when they do, you don’t want to leave them waiting, especially if it is a matter of their personal safety. Ultimately, as a landlord, you have a number of obligations to fulfil in regard to the condition of your property.
A landlord using a property management company means you will have access to both our in-house contractor and our network of trusted and reliable contractors that can carry out maintenance and repairs for you. And when they’ve done the work, our accounts team will arrange prompt maintenance and payment of contactor invoices.
Fewer legal worries
In recent years, the private rented sector has experienced lots of change including new laws and legislation changes.
As members of ARLA Propertymark, one of the UK’s foremost professional and regulatory bodies for lettings agents, we operate to professional standards far higher than the law demands and we campaign for greater regulation in this growing and increasingly important sector of the property market.
This means we can keep you informed and advise you of any upcoming changes, allowing you to take the necessary action in time.
Peace of mind
Perhaps one of, if not, the most attractive reason to use a property management company is securing your peace of mind.
You can trust us to manage your property effectively, whilst enjoying the return on your investment.
Don’t just take our word for it…
Why should landlords use a property management company?“I wish to thank Gita Patel at the Birmingham City branch for her sense of responsibility and commitment. [Gita] has recently taken over the management of my properties in Birmingham…a complicated task, where one property was left in a mess. [Gita] had no hesitation in rolling her sleeves up and helping me to tidy it up so that the property could be put back on the market instantly. She responds swiftly to any issues regarding the property and tenant and takes the appropriate actions to resolve them. I really appreciate her effort and would like to thank her for all the assistance that she has been giving.”