Whether you are an expert landlord or purchasing your first buy-to-let investment property, you may be wondering why is a top property manager so important?
As a former property manager myself, I feel it has never been more relevant than now to highlight exactly what a difference using a property manger can make. Top reasons as to use the best property management companies in London, UK include –
- Finding and referencing the best tenants
- Managing all aspects of landlord and tenant interaction
- Regular inspections and client reports
- Handling all maintenance issues
- Rent collection
- Organising all compliance for the property
- Complete peace of mind for landlords
What Are the Responsibilities of a Property Manager?
Your property manager understands that your buy-to-let property is an important investment for you, their client. As such, they will meticulously handle all aspects of your tenancy, from finding and referencing potential tenants to the check in, check out processes and everything in between. Once your negotiator has ensured you are getting the best rent offer, it is time for your property manager to take over.
Pre-Tenancy
The pre-tenancy process will include thoroughly referencing tenants for affordability as well as referencing previous landlord testimonials to confirm their history as responsible tenants. Once you as a landlord have accepted their offer, your property manager will arrange the check in process.
Check In
Your property manager will make sure your property is up to date on all compliance, including including gas safety, electrical safety and EPC certificates. They will visit the property with your tenants to make sure they understand how everything works. At the check in, all tenants will be given an inventory and house rules to set expectations. Your property manager will also change over all utilities into the tenant’s names too and collect the rent each month.
Inspections
Throughout the tenancy, your property manager will visit the property regularly to carry out inspections. They will send you client reports so can see exactly how your property is being cared for.
Maintenance
During any leasehold tenancy, it is likely some maintenance issues will occur. Your property manager will be able to deal with issues promptly and efficiently, keeping you informed. They will send you quotes and invoices and will always ask for your approval before commencing any maintenance work. Your property manager will handle and resolve any issues that arise during the tenancy, so you can sit back and relax, knowing your investment is in safe hands.
Check Out
At the end of the tenancy, your property manager will check out your tenants. They will go through the inventory in depth to be sure the property is being left exactly as it was the first day of the tenancy. Once you as the client are satisfied with the check out report, your property manager will then release the deposit, minus any deductions, back to the tenants. If there any issues, for example, an eviction notice being served, your property manager can handle all this too. If you are happy with your tenants and they are settled at the property, your property manager can also organise any renewal contracts too.
Commercial Real Estate Property Management
If you are a commercial landlord, using a property management company to handle your estate management is also very advantageous. Top reasons to use a commercial real estate property manager include –
- Carrying out all commercial leases and renewals
- Dealing with disputes and evictions
- Rent reviews
- Handling repairs, dilapidations and other maintenance issues
Current Top Property Management Companies for the Rental Market
Although there are a variety of companies that consistently rate highly for their property management services, Savills Plc are one of the best. Along with their extensive private rental sector property management, Savills Plc also offers block property management services, commercial property management and commercial assets management too, if your require advice about buy-to-let mortgage lenders as well.
Best Luxury Property Management Company
Whilst there are many good property management companies in the UK, undoubtedly one of the top agencies to trust with your investment is The London Management Company. Their high quality trusted service includes –
- Regular inspections for ultimate client peace of mind
- Maintenance tailored to exact client specifications
- A personal concierge service
- Housekeeping and cleaning
No matter the heritage or style, The London Management Company provides a bespoke service for your luxury property and vacant property management.
Round Up
So after reading this short article, hopefully now you can see how a great property manager can help you enjoy all the benefits of a buy-to-let property investment without any of the hassle. With a fully trained property manager, you can rest assured that your property is fully compliant, continually monitored with all maintenance carried out quickly and efficiently with all quotes approved first by you as the client. If things go wrong, your property manager can handle all evictions and resolve all deposit disputes to protect your property and investment both now and for the future.
