The Benefits of Property Management
The shortage of property creating constant demand from tenants combined with its history of capital growth continues to make London incredibly appealing to landlord investors. Given the inevitably high value of any asset in central London, choosing the right agent to source suitable tenants and then handle property management is vital. As London property consultants Irvine & Cole has been helping clients for many years to source excellent rental investments and ensure optimum returns.
London Property Management with Irvine & Cole
After such positive experience of our property acquisitions service, it is only natural that our clients want us to continue to assist with the property beyond the purchase. To maximize returns and generate additional equity we often target properties that offer potential to extend or refurbish and we regularly handle project management of any works for clients. We also let and manage properties for our clients. Of course we market the property ourselves but one of the significant differences and advantages between us and a standard letting agency is that we will also work in partnership with local agents. Our considerable experience and connections in the industry means we know which agencies are most appropriate in the are for the particular property, and we have the relationships to secure their involvement at no additional cost to our clients.
The benefits of not only our exposure and expertise but that of our connections is immeasurable given the significant impact choosing the right letting agency for your property can make:
– Every week a property sits empty is not only lost income but additional cost (landlords must now pay council tax during vacant periods) and our involvement helps clients to avoid vacant periods.
– Sourcing and appropriately vetting good tenants minimises associated costs from damage or non-payment of rent.
– Negotiating the best possible terms for the landlord (rent paid, length of tenancy, break clauses, etc.).
– Ensuring client’s comply with the increasingly complicated legislation involved with being a landlord and protecting them as much as possible against risk.
– The knowledge and ability to deal with any problems as efficiently as possible should they arise.
Once appropriate tenants have been found we take care of every aspect; negotiations, holding deposits, the legal tenancy agreement, security deposit, pre-tenancy cleaning, security deposit, inventory and check in, utility and council tax transfer. Beyond the point of tenants moving in we often provide property management services to our clients which entails taking care of all aspects of the tenancy and property delivering a stress-free letting experience, along with peace of mind. We handle rent collection and any action required on that front should it arise, any maintenance issues or emergencies (including electrical and plumbing), tenant’s queries or complaints, renewal agreements, essentially anything relating to the property or tenancy. This means are client’s can relax safe in the knowledge their valuable property is being effectively managed and not have to deal with any of the inevitable hassles that a tenancy brings. Tenants renting quality property in central London our accustomed to a high standard of living and can often be very demanding but we are accustomed and equipped to meet those demands. Once again our experience and connections in property development and property management benefit our clients in enabling us to ensure quality contractors are used when needed and to secure favourable rates due to our repeat business saving our clients money.
If you have any questions about our property management service please contact us on info@irvineandcole.com or 0207 316 3029.
