2 minute read
Proper property management is a must for any landlord. It is your responsibility to ensure your properties are maintained or to have someone else maintain them for you. Using a property management company for block management can save landlords a lot of time and ensure they fulfil all of their legal obligations and responsibilities. Block management companies in London can deliver a range of benefits to landlords who want to ensure caring for their properties is a breeze.
What is Block Management?
Block management is the management of communal areas of residential properties, such as a block of flats. Block management services are often required by freeholders who own flats and similar developments.
Management can include a range of tasks and responsibilities, including collecting service charges and including the services paid for are delivered to residents. Managing a block of flats can be very time consuming and also requires knowledge of things like landlord and tenant law. Many people choose to use a professional service to carry out block property management to help them save time and ensure everything is completed to a high standard.
The Duties of a Property Manager
A property manager that carries out commercial or residential block property management is responsible for a range of duties. They need to ensure the property is in good condition and that the residents are getting what they pay for through their service charges.
Some of the responsibilities that a property manager will take care of include:
- Repairs and maintenance of communal areas
- Collecting ground rent or service charges, as well as resolving any problems
- Help with insuring the property
- Ensuring compliance with laws and regulations
- Drafting leases
- Property inspections
- Regular rent reviews
- Serving notices
The services that you might require from a property management company will vary depending on your specific circumstances. That’s why BPS offers bespoke property management packages that are designed to meet the needs of anyone who may benefit from them.
Why Hire a Property Management Company?
So, are property management companies worth it for commercial and residential block property management? If you have a block of flats to care for, you can benefit from using a property management company in multiple ways. Block property management ultimately saves time and makes it easier to do everything from collecting ground rent and service charges to staying compliant with the law.
When you hire a property management company, you can ensure your property is managed in the right way at all times. You can let the company worry about things such as keeping up with the law or ensuring payments are collected from residents. With Buildings Insurance Services from BPS, you can even ensure your property is properly insured and that the cost is spread between leaseholders too. You get to tailor the services you need so that they provide what you’re looking for.
If you’re looking for a professional and reliable block property management company, look no further than BPS. Get in touch with us today to arrange a free 30 minute consultation to discuss your block management needs.