We often get asked to explain what difference having a property manager can make so we decided to ask our very own property manager Joe Rocks for his view.
Peace of mind comes out top of the list – landlords know their properties are being well looked after and tenants can sleep safe in their beds knowing the place they call home is compliant with ever changing legislation.
Having a property manager can definitely take the stress out of having a property portfolio.
“When it comes to repairs, we instruct contractors quickly, to avoid any ongoing property damage. This means repairs are generally smaller and cheaper, rather than waiting for damage to occur and spending money on unnecessary repairs.
“We can pay for repairs from the rent account, meaning the landlords rarely have to fund any repairs themselves.
“And we account to the property owner when they want, so they get clear and detailed rent statements. This makes end of year accounting for tax purposes easier as they already have all the information detailed,” said Joe.
Other benefits mean the property manager can start to market properties when a tenant gives notice and find a successor sooner, leading to less void periods for landlords between lets.
Finding new tenants can be time consuming and a property manager can deal with all the legal paperwork needed to make a letting arrangement compliant as well as securing references and checks.
“In depth knowledge of the local market, impartial expert advice and a professional but very much personal service is what you can expect,” added Joe.