News
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Manage Your Investment
February 19th, 2010
Some landlords simply use their Durham letting agent as a route to market in order to find a tenant. However, whilst a return on investment is one thing, sleeping well at night is quite another. A managed service is not just about chasing late rent, resolving disputes and inventory control; although all of those things are an important part of property management.
When your property is professionally managed, it’s all about accountability. This means regular inspections to check that your tenant is treating your investment with the respect it deserves. During these inspections, well-trained staff are able to identify any areas that should be investigated in order to avoid or reduce costs later. An example would be a blocked gutter. Normally, you would only hear about this when the tenant calls to tell you that water is coming in, plaster has come away from the wall and there is mould on the ceiling. Call in the dehumidifier, plasterer, and painter – and you have a large bill and an unhappy tenant.
Many tenants also prefer to rent a Durham property that is managed through a letting agent, possibly because they have had a “problem landlord” in the past and they tend to stay longer.
Additionally, no matter how compliant a tenant may seem at the outset, the last thing a landlord needs is someone phoning him/her at all hours with some minor issue over a draft, dripping tap, clanking pipes, noisy neighbours, etc. All of these are part of the day’s work for a dedicated managing agent!
One of the most important considerations is that as property managers, we get to know our clients’ tenants, and have a good understanding of their plans, often pre-empting a premature departure and enabling us to prepare to re-let the property so as to minimise the time it is empty.
Most of our landlords derive great value from our managed service and we invite you to experience the difference yourself. Call us on 0191 374 1234 for a friendly discussion about how we can help you make the most of your Durham property.
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