There are many reasons why property owners and landlords might have a need for professional property management in London. They may have too many properties to be able to physically manage them all themselves. They might not live in a location which enables them to meet the ongoing demands of the tenants, or they may have another line of work which takes up all of their time.
Being a landlord can be very time consuming, as it involves much more than simply preparing a property for letting and then subsequently collecting the rent. When you are managing your own property, you will do everything from advertising the property and finding the tenants to checking their references and formalising the tenancy agreement. The work isn't over once you find a tenant, as you will need to have prepared and go through an inventory of the property — its condition and its contents — and then be available to arrange repairs and ongoing maintenance during the term of the tenancy. And all that is after you have prepared the property to be habitable and safe, including arranging gas and electric safety testing.
An increasing number of properties in London are owned by people who live overseas. Whether the property is an investment for long-term letting or it is a home currently not occupied by the owner, knowing that it is being managed by professionals gives great peace of mind. This can be especially true for any period when the property may be lying empty. While there might be a few aspects you can manage remotely, there are basic things such as conducting viewings, handing over keys and keeping a check on empty properties which require someone to be at the location. There is only so much you can ask friends and family to do for you before it becomes an imposition, so the logical answer is to engage a professional to take care of things for you.
The need for property management in London is not just restricted to residential property letting, as commercial property management in London is also a growing business. If you want to find out more about stress-free property management in London, then why not contact a member of the team today?
Being a landlord can be very time consuming, as it involves much more than simply preparing a property for letting and then subsequently collecting the rent. When you are managing your own property, you will do everything from advertising the property and finding the tenants to checking their references and formalising the tenancy agreement. The work isn't over once you find a tenant, as you will need to have prepared and go through an inventory of the property — its condition and its contents — and then be available to arrange repairs and ongoing maintenance during the term of the tenancy. And all that is after you have prepared the property to be habitable and safe, including arranging gas and electric safety testing.
An increasing number of properties in London are owned by people who live overseas. Whether the property is an investment for long-term letting or it is a home currently not occupied by the owner, knowing that it is being managed by professionals gives great peace of mind. This can be especially true for any period when the property may be lying empty. While there might be a few aspects you can manage remotely, there are basic things such as conducting viewings, handing over keys and keeping a check on empty properties which require someone to be at the location. There is only so much you can ask friends and family to do for you before it becomes an imposition, so the logical answer is to engage a professional to take care of things for you.
The need for property management in London is not just restricted to residential property letting, as commercial property management in London is also a growing business. If you want to find out more about stress-free property management in London, then why not contact a member of the team today?
