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Posts Tagged ‘Property Management’

One of the most important choices a Landlord will make aside from acquisition of properties, will be how they manage the upkeep of their portfolio. A Landlord is expected to maintain each property to a certain standard. They cannot leave maintenance issues until they have “saved” enough money, their renters can expect repairs to be carried out as a when they occur so as to guarantee their safety for the duration of the tenancy and Landlords have legal obligations eg the Gas Safety Inspection which need to be undertaken every year.

When it comes to deciding if a Landlord should try their own upkeep of their properties then numerous factors should be considered:-

If the property is located locally then the quantity of time spent travelling to inspect any upkeep issues might be controllable, however if it is county or nationwide then having the ability to check each concern a tenant has, could become problematic when it comes to both use of time and petrol costs. A landlord with many properties could also end up in a position where they have multiple renters ‘ miles apart with issues simultaneously.

It is advised that at least 3 quotes are obtained every time an expert is needed to carry out works at a property. This could result in the tenant having to order three separate appointments with trade’s folk before the ensuing one whereby works will be carried out and again involves use of irreplaceable time for both landlord and tenant, not to mention the price of calls.

When it comes down to the tenant, a landlord should expect calls at any point of day or night if they’ve got a maintenance issue; this could not bode well if that call comes in the early hours of the morning or whilst on holiday!

It may then be favorable for a landlord with multiple properties or where a property isn't local to where they live, to research the use of a Single Landlord Maintenance Company. It will eliminate the majority of call and travelling costs, as the renter would contact the company direct and all parties concerned could save time. Both tenant and landlord could be assured that the property is being maintained effectively and efficiently inside a suitable timescale for all.

Chris Skingsley works for Synergy EGM, commercial property maintenance. They provide a comprehensive range of property maintenance services in London, Essex and Suffolk.