Category: People Interests
Published: Saturday, 28 April 2018 21:08
For those managing properties, you'll know what a challenge it can sometimes be when you suddenly hear about a new business tenant that is about to move in.
Maybe the landlord or letting agent has 'done the deal' and solicitors confirm that the lease has completed - so now the buck is passed to the managing agent to sort out details like keys and making sure this new tenant can actually begin using their new property interest.
Sounds simple, but there's often more to it. In fact it's so much easier if a property manager can be involved in the letting process way beforehand to make sure the detail is not only understood by everyone, but actually any leases and documentation changed to reflect this.
But that's another story, in the...
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Category: People Interests
Published: Wednesday, 25 April 2018 21:02
When you’re using contractors at a property, whether a simple repair or a larger replacement, then there’s more to a simple verbal go-ahead at the right price. Getting this right beyond this makes good property management.
There’s a host of initial set-up information from insurance cover to risk assessments, but even after all this you often still need to provide an ‘induction’ for them actually be on site, particularly with more larger and multi-occupied properties.
This shows that they’re familiar with how they practically carry out their jobs at the property, for the benefit of everyone not just themselves.
Fire safety is often the driver of this, but there’s all other kinds of issues to consider as well and formally...
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Category: Sales & Lettings
Published: Saturday, 14 April 2018 22:07
You often hear of these with a residential sale or letting – a ‘management pack’, or sometimes ‘lettings pack’ being needed.
In short, it’s a set pack of information about a property that any proposed new owner or tenant wants in order to gain a better understanding of issues at a property. Almost a form of MOT, as with a car, to find out if a property has a clean bill of health.
Alternatively you can have Replies to Enquiries which are on a similar line of requesting information, but more of a questionnaire that the seller or landlord completes.
The packs are more ready-made, and therefore arguably easier to issue. Hence the frustration by some at the perceived high costs of these, sometimes hundreds of pounds for what appears to be a...
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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.