The Importance of Correct Property Management

The Importance of correct Property Management

Commercial Property Management is a specialised field, with many unusual and varied requirements under legislation that the majority of traditional real estate agencies do not have the information, confidence or knowledge to deal with.

The statistics surrounding private landlords can only be described as alarming. According to the last census, a third of all properties are self managed by their owners. Three key issues facing a private landlord are:

Firstly private landlords are unable to access tenancy databases that include details of any previous judgements, outstanding debt and rental history. There details are only available to licensed agents, so while a private landlord can check the references a prospective tenant gives them, they cannot access the most relevant information.

Secondly, is the sheer amount of work involved. Property Management is not just the collecting of the rent, there is a comprehensive range of tasks required to provide complete Portfolio Management, and protection of both property and landlord.

Lastly, there is the serious issue of accountability. The Legal regulations surrounding property management are complex and if not adhered to can leave a landlord wide open to significant cost. Given that the average fees for this service are generally covered in the outgoings that the tenant pays or fully tax deductible, anything other than engaging a professional property manager is just not worth the risk.

It is imperative that all clients are achieving the appropriate return from their property investment and it is for this reason that our directors take a close personal interest in every property that is being managed by the firm.

All our staff are experienced, long term career real estate agents. Our experience assures you of the highest standards of client services available. Our property management division manages a diverse portfolio of over 200 commercial and retail properties and as professional managers of commercial property our priority is to maximise investor returns through the effective management of our clients’ assets.

We believe that the success of our Property Management division is due to our team ensuring that: 

• client requests are handled quickly and efficiently
• strong working relationships are maintained with all parties including owners, tenants and contractors
• technical service professionals monitor managed buildings, plant and equipment to maintain peak efficiency.