2 minute read
A property manager plays a pivotal role in ensuring the smooth operation, maintenance and growth of various property types.
Whether it’s residential, commercial, or industrial, the expertise of a property manager is essential in optimising property value and creating harmonious living and working environments.
Let’s take a closer look at the role of a property manager and the different types of specialisms they can fall into.
Outlining the Property Manager Role
In general, property managers act as the bridge between property owners and tenants, handling the day-to-day management and oversight of individual properties, such as residential homes, commercial buildings, or office/retail spaces.
Their primary focus is on the maintenance, leasing, and financial aspects of the property and their responsibilities encompass a wide range of tasks, including: ground rent collection, rent reviews, service charge, and lease agreements and renewals.
As mentioned above, there are different property specialisms a manager can work within which means the role adjusts slightly to each area.
The Role of a Property Manager for Residential Block Management
This role typically refers to the management of residential blocks or complexes comprising multiple units. They oversee shared spaces within multi-unit developments and are primarily concerned with the communal areas and shared facilities within the block or estate.
Residential block management responsibilities encompass ensuring compliance with legal and regulatory requirements, coordinating maintenance and repairs, managing insurance reinstatement valuations, and fostering positive relationships with residents. BPS provide comprehensive guidance and support for Service Charge, Ground Rent collection and Building Insurance Services from BIS for Residential Management Companies (RMC), freeholders and developers.
The Role of a Property Manager for Commercial Management
Commercial property managers oversee commercial and industrial real estate, including office buildings, industrial buildings and estates and retail premises. Generally, they assist with lease ensuring that tenants comply with their lease terms, pay their rent on time, deal with service charges, property maintenance and negotiations.
At BPS, we hold expertise for in all property types and manage properties from a single property to large parades of shops or multi let buildings. A major part of our role is to make sure that you are and remain compliant with the ever changing legislation.
Building Insurance Services from BIS, our sister company can provide competitive premiums and subject to the lease/s invoice the due amount to your tenants. Our cutting-edge software enables us to deliver service charge calculation and distribution too.
Brickman Insurance Services Limited is an appointed representative of CBC UK Limited which is authorised and regulated by the Financial Conduct Authority.
FCA Firm Reference No 145164. Registered in England No 01973536. Registered Office Mansell Court, 69 Mansell St, London E1 8AN.
Property Management Services from BPS Chartered Surveyors
Our expertise in commercial, residential and industrial property management makes BPS a reliable one-stop shop. Regardless of portfolio size or property type, we have the services you need to create the perfect property management package.
Get in touch to arrange a free 30-minute consultation today.