For businesses that lets out properties, you have a choice between whether to look after the property yourself or to employ a property management company to look after it on your behalf.
Hiring property management professionals can make good business sense – it can help protect the value of your property, as well as freeing up your time to focus on other aspects of your business. Here are reasons why using a property management company may be a good investment for your business.
Ease of Maintenance and Repairs
If you have a number of properties to maintain, you can rest safe in the knowledge that they are fully managed, with regular inspections performed. Letting the professionals deal with these day-to-day issues will help you to free up your time to focus on your other business activities.
By using a property management agent, you and your occupants can benefit from having a direct contact for any maintenance or repairs. This means that faults will be fixed immediately, and at a lower cost than if you were to find a handyman yourself.
Dealing with Tenants
A property management agent can act as a contact between you (the property owner) and the tenant/occupier. Services they can provide includes:
- Sourcing suitable and reliable tenants and conducting viewings
- Preparing the tenancy agreement
- Managing rent
- Dealing with legal aspects, such as non-payment of rent
Whether your properties are for business or residential use, finding and managing your occupants can be a time-consuming necessity. Giving your tenants a direct contact will be more efficient and ensure good communication at all times.
Providing Valuable Expertise
When looking at the insurance and safety regulations for your property, you must be familiar with the legislation in place. If you have a commercial property, you need to ensure that there is a suitable energy plan in place, as well as taking into consideration fire safety and IT systems are all up to date.
Utilise the expertise of a property management company – they’ll be fully up-to-date with all the regulations and laws and implement them on your behalf.
Companies such as GVA, who specialise in facilities management for corporate buildings, can offer advice on how their clients can run their properties more efficiently. Their consultants can support you by performing facility reviews and audits, and offer solutions and cost-benching exercises.
Save time and money by hiring a professional property management company. Not only will they ensure that your properties are up to scratch, meeting the legal requirements, but they can also act as a vital link between yourself and the occupier. By allowing them to look after your property from day-to-day, you’ll have more time to focus on other aspects of your business.