Would you, as a landlord, want your property fully managed?
To experienced landlords this will seem a pointless question with only one answer. However, there are many people who believe they can manage the letting of their property and see it as a way of saving money.
These people are usually new to the lettings market and are not aware of the pitfalls waiting for them when they start the lettings process.
So it might be a good idea to point out some of the things landlords have to do if they are to avoid the pitfalls and not end up losing money on their investment.
A Pre-let inspection
A good landlord must make sure the property is fit to be let out. This includes a thorough health and safety check. Make sure the property is decorated to an acceptable standard and ensure the furniture provided is clean and safe to use.
Finances
To make sure a landlord receives a good return on their investment, it is important they ensure the rent is paid on time. They must arrange a suitable method of payment and collect a deposit at the start of the tenancy.
Inventories
Every time a tenant leaves the property, a landlord has to do an inventory. In the case of short lets, it is the landlord’s responsibility to make sure there are cleaning products, crockery and linen in the property ready for the next tenant.
Legal Knowledge
It is important that landlords keep up to date with all the regulations and laws affecting tenants and landlords. Breaching any one of these could result in expensive litigation.
These are just a few of the things a landlord has to be aware of to avoid falling foul of the law and losing money on their investment.
What are the advantages of property management?
The main advantage, and it is almost a cliché, is to give the property owner peace of mind. It is impossible, however, to put a price on peace of mind.
A fully-managed property relieves the owner of all the trials and tribulations that sometimes go with being a landlord.
The property management company will take responsibility for making sure rents are paid on time. The agent will screen would-be tenants and handle the eviction of any tenant who becomes a problem tenant.
With an agent to manage things, the property owner will not be bothered by late night calls regarding a maintenance problem, or even have to worry about general maintenance.
A property management company will take these responsibilities – and many others – from the shoulders of a landlord. This will give the property owner the freedom to carry on with their life, worry-free.
However, this will only be achieved if the services of an experienced and trustworthy management company are hired to manage the property.
Andrew Reeves has over thirty years in the property management business. During this time we have gained a reputation as an extremely competent and committed company in all aspects of managing properties for our clients. We are proud of the fact that many of these clients have benefited from our service, and they have stayed with us for many years.
So, the answer to the question: would you want your property fully-managed? The answer is a resounding “yes”.
And let us at Andrew Reeves manage your property for you.
For more information on the many benefits you will gain from using our property managing service, please go to our lettings page.
