Published: Monday, 01 February 2016 22:54
When the Property Management Guide book was being written, I came up with a way to group all 53 of the different principles together to make it easier to see how they all interrelate to each other. It also made more sense to call them perspectives, as it was not just a case of placing them in prescribed groups for the sake of it but rather seeing the logic of how they relate to each other and the natural flow of how you may go through them consecutively as you consider the management issues at a property.
So four property perspectives were created as well as four different angles or ways to look at the same property or property interest. However, this means there may be some overlap; for example, such and such a principle may...
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Category: Leases & Titles
Published: Friday, 22 January 2016 22:35
The way people use residential properties short term is changing. Websites like Airbnb, OneFineStay, and Gumtree have cropped up offering accommodations for people across the world through other people offering their own properties to use, whether that’s a room for a night like what people may imagine a traditional bed and breakfast to be or through using the whole property for a few weeks’ holiday and it becoming more of a hostel or holiday use.
Websites like these work on trust and self-policing, similar to eBay in that users have profiles and reviews that they will want to protect and develop for future use and therefore will behave themselves accordingly. Other times it’s more offline and friends-of-friends or people within a similar...
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Category: Condition & Repairs
Published: Friday, 15 January 2016 22:50
When managing property, falling temperatures below freezing in the winter time brings a host of issues that aren’t as obvious or essential in milder times, and these are ones to ideally be aware of ahead of time.
They have to do with the physical fabric of the property as you would expect from the extreme weather conditions; however, you need to check the paperwork to confirm any liabilities. Any lease agreement or insurance obligations are two obvious ones, although others such as terms and conditions with contractors and arrangements with adjacent owners/occupiers should be considered also.
In terms of these physical issues to be aware of, here are three main types:
1. Snow and Ice on the Ground Causing Slips
Any kind of outside...
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Here are various blog resources related to the rent that is paid at properties, whether you're a landlord receiving, tenant paying, or middle-man managing. Right through from how to correctly charge and collect to how it needs to change over time, this is often the most important factor to managing let properties, and includes simular variations such as licence fees.
Here are various blog resources related to non-rent monies and payments, for example service charges, fees, and other costs and charges. These can be directly charged or hidden away, and are important to know what you may have to pay or might be able to charge another property interest for.
Here are various blog resources related to the insurance of properties, ranging from the main building cover to ancillary ones like contents. Whether it's the premium to pay or the policy to correctly arrange, these help explain what's needed from the perspective of different property interests.
Here are various blog resources related to all the different property interests, from landlords & tenants, to investors & occupiers, to all other third-party interests. These cover general factors to consider for a particular interest, to more detailed issues to resolve for a particular course of action.
Sales & Lettings
Here are various blog resources related to the sales & lettings of a property, and all related transactions. Whether you're involved in these directly yourself, or you're working with other sales/letting agents and interests, these help highlight important property managemnet factors to consider.
Leases & Titles
Here are various blog resources related to all forms of leases, titles, and legal documentation involved with property interests. Whether a straight forward lease agreement or complicated legal documentation, here is help to understand what you're trying to achieve and then practically how to easily do this.
Here are various blog resources related to all the taxes involved with property interests, from VAT and SDLT, to income and capital gains, to rates and council tax. These will help you work alongside other accounting and tax advisors to make sure you cover all bases to reduce your overall tax liabilities.
Services & Compliance
Here are various blog resources related to the services and compliance at a property. These range from say your fire and health and safety compliance, through to services like cleaning and utilitities. These resources help provide an overview of each area without getting too technical, so you can plan it all in at the right time and best cost.
Here are various blog resources related to any other general subjects involved with properties and their interests. So whether it's the basics of property management, or more specific property issues and queries that don't naturally fall in the other categories, you'll find them all here.
Condition & Repairs
Here are various blog resources related to the condition of a property and any repairs and alterations required. Whether it's a reactive roof repair, pro-active maintenance plan, or carefully-chosen contractor - these help explain how to effectively keep properties in the right condition.