The Igloolets.com Blog

Why you should employ a Property Management Agency

With the often volatility of the Stock market, many people have turned to property ownership as a more sound investment, and even with the changes in Capital Gains Tax, property ownership is still one of the best investments you can make, as many thousands of Landlords can testify to. Whether you’re a long time investor with one property for retirement income or perhaps you have multiple properties, or even if you’re just starting out, you will find that property management is a full time job.

Selecting the right tenants who will cause you the least concern is a specialised skill. It cannot be learnt in the blink of an eye, it is something that is honed over the years of selecting tenants who are right for the property and right for the landlord, it is not just about tenant referencing and credit checks, you have no doubt heard the saying about gut feeling or the feeling in the back of the neck. It’s a skill that you do not want to learn the hard way. Did you know that Landlords have many legal responsibilities and obligations which are increasing year by year? For your protection and to reduce your risk, these responsibilities have to be managed professionally. This is where a property management company like www.igloolets.com can help.

Our property management service leads to less stress for you and the maintaining of steady income streams.

We, the igloolets property management team, invite you to take a look at our complete residential property management service. You’ll find more details on our Landlords page on www.igloolets.com and if you go to the downloads and useful links page of our site you can download our complete company brochure giving indepth company information and 15 reasons for choosing Igloolets as your Property management agents in Bristol, or if you are ready for help now, please contact us by calling 0845 652 1428

Advertising
When we handle your property management, we pay for the advertising of your property. All of our listings are uploaded to a minimum of three major portal websites. We also utilise various other publications where possible as well as promoting your property via our in-house tenant database. The local trade press will on average cost a private landlord £40-50 for a single ‘For Rent’ listing which for a property renting under £500 per month is the equivalent to a months property management fees.

Selecting Tenants
Matching the right tenant to your property is vital for long term trouble-free ownership. Our property management experience especially in the Bristol area means we know how to minimise the many pitfalls of tenant selection. What you could find a time consuming and difficult process is handled promptly and efficiently. For your security we require both landlord and employment references be provided by tenants. We also carry out credit checks for all tenants to help ensure their financial stability and suitability for the property. It’s all part of our management service.

Watertight Lawful documentation
It is essential that complete documentation be taken care of at the beginning of any tenancy for robust property management. We ensure that the Tenancy Agreement fully protects your rights and obligations under the Landlord and Tenant Acts. We ensure that rent is paid in advance of the tenancy start date, we collect Bond monies and lodge them and the required documentation, with the appropriate Deposit Protection Scheme.

Monitoring and Collecting Rents
Our computer system provides for checking the paid-to dates of all tenants on a daily basis. If a tenant falls into arrears we take action to enforce payment. Our rent management system is very effective.

Inspecting and Reporting
Property management services include our computerised inspection cycle ensures that your property is inspected regularly as required by you. A written report is sent to you after each inspection.

Maintenance, Repairs and Outgoings
Our Tenancy Agreement clearly states both the landlord’s and the tenant’s main responsibilities. Most day-to-day maintenance (electricity, telephone, light bulbs) is the responsibility of the tenant. We arrange necessary repairs and maintenance using qualified contractors, at competitive rates. We can also pay on your behalf, items such as rates and water rates, and insurance.

The Landlord and Tenant Act(s)
This legislation is complex and a comprehensive understanding of it is needed to provide worry-free ownership. Other statutes are also starting to impact residential property ownership. Igloolets is qualified and has the management strength and the property management experience to ensure your interests are protected at all times.

Disputes and Mediation
Wherever possible we negotiate with the tenant to resolve disputes to both parties’ satisfaction. Occasionally there is a need to use the alternative dispute resolution service scheme rather than taking court action for a final binding ruling. In these instances we prepare and present the case to the ADR service on your behalf.

Monthly Statements
Our fully computerised system provides easy to understand monthly statements of rent and outgoings. Annual management statements are also available and this documentation will greatly assist your personal record keeping. All statements are available by email.

Updating Market Rents
During our regular inspections, as part of our customised property management service, we make re-evaluate the current market rent. This review ensures that your property is let for the maximum return, given market conditions.

On going Service
Property Management is an ongoing, day-to-day process. We manage your valuable assets making them as worry free as possible, on your behalf.

60 Day Money Back Guarantee
We back our service and have dealt and continue to deal with countless delighted landlord clients. If you are not completely satisfied with our service within the first 60 days, we will refund all property management fees paid to us during that period.

To take the first step and talk to us about how our property management service can help you, please call me on 0845652 1428.