Managing a property can be challenging, time-consuming and stressful. It’s no surprise that many landlords rely on the support of a property management company to help them with their responsibilities and to help make it a success.
From helping with organising finances and locating tenants, to overseeing maintenance tasks and advertising portfolios, the role of a property management expert is expansive, meaning you can rest assured that your property will always be well looked after.
Professional managing agents are also experts when it comes to handling the time-consuming admin tasks that can otherwise eat up most of your day.
If you’re considering hiring a property management expert, you’ve landed in the right place. We’ve created a helpful guide, outlining the benefits of an agent:
1. You will always get paid
Many landlords invest in property as a means of increasing their monthly income. However, not all tenants pay on time and some landlords find it difficult to get back the money that they are owed. If your tenant is not paying rent or bills on time, your cash flow can be affected.
A property management agent will not only ensure that a tenancy agreement is drawn up and the deposit and first month's rent is collected in advance, but they will also go above and beyond the ensure that you’re always paid on time and in full.
2. Finding the right fit
As a landlordlandlord, when you hand over the keys to your property, you want to be sure that it will be in safe hands and respected by your tenants.
If you choose to work with a property management agent, they will find potential tenants that are a suitable fit for your property. For example, all tenants will undergo an extensive screening and referencing process, meaning you’re less likely to run into any issues.
And, because agents work with properties day in, day out, they know what to look for when it comes to spotting potential troublesome tenants.
3. Keeping up with the law
Whether you are an experienced landlord or just starting to find your feet in the world of property, the legalities surrounding letting your property out to a tenant can be overwhelming.
From ensuring that fire and safety regulations and Energy Performance Certificates (EPC) are completed, through to overseeing gas and electrical safety, it’s important that your property is always fully compliant with relevant regulations and any law changes. Your property management agent will be able to handle this for you.
4. Regular property checks
One of the main roles of a property management agent is to ensure that your property is looked after, providing peace of mind. An agent will visit your property on a regular basis to ensure that everything is in order and the space is being kept in good condition.
If your property is fully managed, the vast majority of professional letting agencies will also include a 24-hour emergency call-out service, with all repairs and maintenance tasks being taken care of.
Why choose Gordon & Co?
Founded in 1948, Gordon & Co is an independent and well established London property agency, with proven expertise in sales, lettings, property management, valuations and new developments.
Whether we’re working from home or back in the offices, we are continuing to deliver the highest standard of service to all of our customers, with our usual entrepreneurial spirit, motivation and impeccable level of service and care. To find out more, please get in touch.