We look at the many benefits of having a property management company
If you’re a property owner with a rental property, you may be considering, ‘do I need a property manager to rent my home?’. While managing your property on your own can save you money on property management fees, it can also be extremely time-consuming and stressful.
Whether you’re a new and inexperienced landlord or an independent landlord who’s tired of dealing with the inconvenience of weekend maintenance calls, a property management company can be an excellent solution to take care of your property and tenants. Let’s look at the reasons why hiring a property management company makes perfect sense.
Robust tenancy agreements
One of the primary benefits of hiring a property management company is that they can handle the tenancy agreement process for you. A good property management company will have experience creating legally binding agreements that protect both you and your tenants. They’ll ensure that your lease agreement covers all necessary aspects, such as rent payments, late fees, deposits and move-in and move-out procedures. Read more in Why do you need a residential tenancy agreement?
The rental of our house was transacted in an excellent manner by Ms Pelin Martin. She kept us well informed at all times and efficiently dealt with any queries. It was a pleasure to have her on our side.
Reliable tenant screening
Another benefit of hiring a property management company is that they can help you find the best tenants for your rental property. Professional property management companies have established tenant screening processes that can help weed out potential tenants who may not be a good fit for your property. These screening processes will include background checks, credit checks, employment verification, and references from past landlords. Read more in our Good Tenant Guide.
Maintenance and repair services
Maintenance and repairs can be a headache for property owners, especially if you’re managing your property from afar. A property management company can handle all necessary maintenance and repairs for you, ensuring that your property stays in good condition and that your tenants are satisfied. They can coordinate repairs with trusted contractors, schedule regular maintenance appointments, and handle emergency repairs as needed. This can save you time, money, and stress in the long run. Read more in our Maintenance tips of landlords and How to find a contractor.
Great customer service. I live in LA and having my London house managed by someone as professional as Pelin is a great comfort. I would recommend Blue Crystal to anyone.
Property management services
Day-to-day management of your rental property can be time-consuming. A property management company can take care of tasks like responding to tenant inquiries, scheduling appointments and handling complaints. They can also handle lease renewals, property inspections and terminations, ensuring that your rental income remains steady. By taking care of these day-to-day tasks, a property management company can free up your time to focus on other aspects of your property investment portfolio. Read more in How to manage your rental property effectively.
Efficient rent collection practices
Collecting rent can be a hassle for property owners, especially if you have multiple rental properties. A property management company can handle rent collection for you, ensuring that you receive your rental income on time each month. They can also handle late rent payments and coordinate evictions if necessary. Read more in How to deal with rent arrears step by step.
Pelin at Blue Crystal recently took over the management of our block of 5 flats and she’s simply done an amazing job. She’s extremely responsive and tenacious enough to deal with tricky situations and a complete pro at all times. Thoroughly recommend.
Higher rental values
Property managing agents have a full awareness of market conditions and property demand in your local area. This enables them to determine the correct rental value of your property. Additionally, they can provide you with valuable advice on simple ways to increase your rental income, such as freshening up your rooms with a new coat of paint or replacing worn-out carpets or flooring. If necessary, they can also arrange for tradespeople to perform this work on your behalf. Read more in How to ensure buy to let success with tenant management.
One tenant left our property in such a mess Pelin had to manage complete renewal for the next tenant. She did this very well I can’t imagine how tricky it would have been without her. She prepared another property for let and worked with agents to source good tenants at a good rate.
What to look for in a property management company?
Hiring a property management company can be a smart decision for property owners who want to maximise their rental income and minimise their stress. While it may be tempting to manage your rental property on your own, the time and stress saved by hiring a professional property management company can be well worth the investment.
While hiring a property management company, it’s important to choose a good one. Look for a property management company that has experience in your local market, and that has a proven track record of success. Review references from past clients, and make sure you understand the costs before signing a contract.
How can Blue Crystal Property Management Company help you…
Blue Crystal Property Management is a London-based property management company that provides professional and reliable property management services to landlords and tenants throughout the city. Our team of experienced property managers specialise in managing rental properties, ensuring that both landlords and tenants receive excellent service. Our services include:
- Property management
- Block management
- Estate management
- Preparing your property for letting or selling
- Vacant property management
- Preparing Assured Shorthold Tenancies (AST)
- Credit checks, transfer of utilities, rent collection
- Repairs, maintenance and refurbishment
- Property visits
- Payment of outgoings
- Tenant search
- Property management for expat landlords
- Preparing accounts
- Tenancy cleaning
If you are considering ‘do I need a property manager to rent my home’, with a commitment to providing personalised and high-quality service, Blue Crystal Property Management is an excellent choice for landlords looking for professional and reliable property management services in London.
Engaging Blue Crystal over 2 years ago finally gave me peace of mind after many challenging years of remotely managing vacant property. Communications and response times are excellent; while issues are dealt with promptly and effectively. The award winning team, led by Pelin, have provided an outstanding level of service with the professionalism, efficiency, and dedication that is required but rare in this business.
Book your 30-minute complimentary property consultation by phone: 020 8994 7327 or email: email@example.com.