Whether you own property as an investor or as a homeowner, you’ll need to manage the property effectively and responsibly.
Choosing the right property manager can be a tough decision. In this blog, we explore the different factors you should consider when selecting a property manager.
Property management refers to the process of overseeing and managing commercial and residential properties. This includes taking care of all the daily operations, from upkeep and repairs to finding new tenants when leases end.
There are a variety of property managers with different specialties. Some might focus on a niche area like student homes or affordable housing, while others provide general services to many types of properties.
A property manager is someone who manages properties for others.
In a property manager role, typical responsibilities include finding tenants, collecting and depositing rent, overseeing repairs and maintenance, and dealing with tenant relations. The number of duties a property manager has will depend on their contract with the landlord. They can be hired by both investors and homeowners.
A property manager can help you avoid common pitfalls and improve your overall investment strategy.
Property managers typically charge a percentage of the rent collected; this means a property manager has a vested interest in maximising your rental income, whereas homeowners often have an incentive to keep rental prices down.
Here are some benefits of hiring a property manager:
If you’ve gone through the effort of investing in real estate, you’ll want to protect your investment and make sure it’s profitable. A property manager can help with this.
As we have established, a property manager is responsible for many aspects of the property management process, but there are also other areas they’ll take care of so that you don’t have to, such as:
Before hiring a property manager, ask friends and family for recommendations. You can also use online review sites to find property management companies near you.
To find the best property manager, you should be looking for these qualities:
A property manager can help you maximise your rental income and protect your investment. There are many advantages to hiring a property manager, including finding better tenants, avoiding discrimination lawsuits, and managing repairs and maintenance.
Here at Jones Robinson, we have a team of experienced and qualified individuals who excel in making Property Management stress-free and easy to understand.
Our goal is to manage your property as effectively as possible. We are aware that it can be time-consuming and a minefield for landlords.
As leading local letting agents in Newbury, Didcot, Lambourn & Hungerford, Marlborough, Devizes, and the surrounding areas, we have vast experience in lettings and property management.
At Jones Robinson, we recognise that each property and landlord is unique and that landlords rent out properties for a variety of reasons.
By offering a personalised service we can tailor the letting and timeline to both landlord and tenant requirements as we don’t believe the “one size fits all” approach, works in this industry.
We are also very transparent with clear and easy-to-understand information available to both landlords and tenants alike.