5 Reasons Many Landlords Use Property Management Services

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With new legislation introduced frequently and the uncertainty of the pandemic more landlords than ever are looking to hire a property management company to look after their property. Here are some of the top 5 reasons why landlords are making the jump. 

1. Personal Gain

  • By hiring a property management company, you won't have to worry about stressful situations with tenants, such as late rent payments, emergency maintenance issues, issuing correct documentation, and finding reliable tradesmen for maintenance works.

  • More time - As we all know time is money, using a management service gives property owners time to look for future investments, focus on their work or have a more flexible home life balance. 

2. Trustworthy Trades

  • From experience it takes years to build up a reliable trustworthy trades list, most property management companies have an abundance of trades they can trust, and are able to call at a moment's notice to carry out emergency repairs without the additional costs. 

  • Property management companies ensure trades are vetted correctly with all work checked upon completion, ensuring your property is always in good hands. 

  • Will find you the best price for maintenance works , management companies have the time and the contacts to source you the best quotes at the best quality,  saving you time and money. 

3. Tenant Screening

  • One bad tenant can cause a lifetime of stress to property owners. Its essential tenants are screened appropriately, property managers have the experience and knowledge to vet applicants correctly ensuring they are the right fit for your property. 

  • When using a management service a thorough check is carried out on the applicant, these checks cover employment, previous landlord refs and a credit check, this can also include meeting applicants and ensuring they are a good fit for the property,  giving  landlords peace of mind. 

4. Issuing documents correctly 

  • With legislation changing over the years its essential landlords are up to date with issuing the correct documentation,  a management company in particular will keep a close eye on new and updated requirements, this helps to  ensure all documents are served & prepared correctly giving property owners less to worry about.

  • They work with a variation of property platforms that help store and screen documents appropriately, leaving landlords with less paperwork and less risk of mistakes. 

5. Finding you the best price for your property

  • Managing agents have good knowledge and understanding of the rental market, analysing rental trends frequently, & working with applicants closely,  can help provide  you with the best obtainable rents for your property during advertising or tenancy renewals. 

  • With the age of social media and younger applicants than ever, presentation is key. That's why agents such as ourselves have introduced dressing kits, these kits help us to capture the best images for advertising properties, enticing more applicants and also cutting out further costs for our landlords with no need to overly decorate properties before putting them on the market.