Having a portfolio of properties throughout London can make for a solid investment, but do you have time to manage everything yourself? The truth is that you are likely to have neither the time nor the knowledge needed to take care of properties that you own, which is where you should consider the services of a property management in London company. The good news is that when it comes to property management London there are plenty of options including those that can assist with: Apartments, Houses and Investment Properties.
If you have a property portfolio in London then choosing the right property management London company is a must, this article takes a look at everything you need to know about choosing the right firm to work with.
What Does a Property Management Company in London Do?
In basic terms, a property management company takes care of the day-to-day operations of a property or set of properties that they are in charge of. They help to ensure the smooth running of any investment properties including checking in on the property, responding to maintenance requests from tenants and generally ensuring that the property remains in a good state. When you hire a property management company in London you can discuss in advance which parts of your property you would like them to help with, this could even include dealing with vacancies, checking-in new tenants, any damages and unpaid rental bills.
In this post, we’ll help you find the best property management companies in London, so you can work out who would be best for you – we’ll even share a few tips on choosing the right company for your needs.
Finding Property Management Services London
One of the first things to do if you’re interested in property management in London is think about what role you require them to have, how involved you want them to be and what you need from them. For example, if you’re looking for property management Mayfair or property management Belgravia then make sure the property management company you are talking to is able to cover that area. Most companies will make it clear what areas they are able to cover and the services that they offer, but don’t be afraid to speak to them in advance and discuss your needs so that you can feel confident that they’re able to help with everything that you need. Speaking to them gives you an idea of everything they can do, so you have peace of mind that hiring them is the right decision for you and your property portfolio.
What To Look for When Seeking a Residential Property Management Service in London
Once you have ascertained that the home management London based company you’re interested in working with operates in the area you are located and offers the services you need, it is time to make sure that is definitely the right company for you.
Researching their background and seeing what previous customers thought of their services is a must. These days it is easy to find Trustpilot and even social media reviews so you can get an idea of what other people are saying about the company you are interested in working with. Of course, no company is likely to have a 100% track record of excellent reviews, but a read of their most recent reviews at least gives you an idea of just how happy their customer base is.
Make sure you check in full what services they offer and how this matches your needs. For example, do they offer things such as vacant property management or help to take care of property inspirations? Have a look at what sort of properties they have managed previously which gives you an idea of their experience and peace of mind that they have managed properties just like yours in the past.
Questions To Ask When Looking at Lettings and Property Management in London
As well as questions about the services they offer and how they carry out these services, you will probably want to know that they are members of the relevant property organisations. For example, being a member of ARLA Propertymark – a Government recognised organisation that deals with residential letting agencies. Being a member of the Property Ombudsman and The Dispute Service also shows that they’re a property management company that takes the happiness of their customers seriously.
Questioning them about the services that they offer and even the time of day that they operate is definitely worth doing. For example, what happens if a tenant gets in touch at 3 am to say there is a leak in the property – how soon will that be dealt with and what steps do they take to deal with this as efficiently as possible? Of course, no one wants to think about things going wrong within properties that they own, but you most definitely want to feel confident that if things do go wrong you have put your property management needs in the right hands.
The Essentials When It Comes to Property Management London
Whether you have one property or ten, putting the running of your property portfolio in the hands of someone else is a big decision and one that you’ll want to take seriously. One thing you will want to make sure of is that they don’t only cover the area that you are interested in, but that they have people in the local area to help quickly and efficiently. London is a large city and having an office even just 10 miles away could mean that they’re long enough away to make a difference when your property needs hands-on management.
The most important thing is that you choose a property management company that you feel happy dealing with and confident in their abilities. A big part of this will come down to speaking to them in advance and questioning them about what they can do for you and your properties alongside reading reviews and checking their website to get an idea of what organisations they’re a member of and what reassurances they can give you that when it comes to property management in London, they are the best company for the job.