From reduced hassle to more free time, there are many reasons to go with a property management firm, but the benefits in doing so only shine through when the firm in question can deliver high availability, high levels of client care and a comprehensive range of service duties.
Tenants, landlords and association chairs often turn to property management firms when they want management control transferred into more capable hands. The quality of life and livelihood of tenants is never a trivial matter, and for any serious property owner who cares about their tenants, this is something that needs to be done right.
Parkgate Aspen present the reasons for using and the advantages of property management companies :
Managing Agents: Important Features
- Day-to-day Management –Property inspections, maintenance and repairs, client communications and the efficient handling of enquiries/problems/emergencies are arguably the most beneficial aspects of outsourced property management, and this is especially true for clients with larger property portfolios, thanks to the significant amount of time and resources saved.
- Lease Provision and Collections – The collection of rent and arrears can be a heavy burden for property owners, but this can be alleviated when payment activities are handled by a property management firm. Firms also help to keep things clear and facilitate the transfer of information whenever in the case of legal action.
- Advice for Client Obligations – Landlords must abide by legal and statutory requirements and conform to the obligations laid out by the lease, and this potentially complex and fraught area can be managed effectively with advice from a property management firm’s senior management surveyors.
- Property Management Recruitment – Agents are well connected with industry agencies, maintenance staff, security staff, cleaners and porters as well as contractors, which makes it easier to procure quality staff with the right level of experience. The handling of payroll and staffing issues is also extremely beneficial.
Regardless of the general benefits, it is always important to understand how variable services can be between different agents. Not all firms are equal, and many provide sub-par levels of service, usually as a result of unsustainable business models and an overemphasis on profits and corporate expansion.
Today, many overstretched agents are forced into moving their clients on to other agents. Parkgate Aspen are a management firm with a portfolio of over 100 high quality blocks in London and the Home Counties, and many of their latest blocks have come from such overstretched agents.
Parkgate Aspen 