Choosing to invest in or to let a property is often viewed as the easy part. It is the managing of properties and tenants to produce the maximum income and the minimum of inconvenience that is the real key to making a property perform.
While
there is no doubt that Cambridge is an attractive area in which
to invest in or let property, the practical side of the question
is where problems can potentially arise.
What happens, for example, if minor repairs are needed and you are too busy to attend to them? What if the minor repairs become major repairs? How do you ensure tenants pay their rent on time? When is it convenient to inspect properties? How do you plan expenditure and prepare accounting information for the Inland Revenue, if needed?
It is these very areas where Rees & Associates excel. For, rather than being a big anonymous company, we prefer to look after both tenant and property on a personal basis. Regular inspections form a key part of this and are actually welcomed by tenants because they know that if they have any problems, we will take the time and effort to resolve them.
When
general maintenance or repairs are required, they are attended to
and supervised, with qualified tradesmen employed after a strict
quotation procedure to do the best work for the best price. And
because we know about the property and what to expect in terms of
wear and tear and how to minimise it, there are generally no major
refurbishments ever required.
Thanks to our dedicated property management computer
system, the financial side of the equation is also just as well
looked after. Rents are due and paid on a monthly basis with an
accompanying statement of account detailing all transactions. Financial
reviews and analysis can be provided to clients upon request showing
the rental performance of a property for the preceding 12 months.
This information can be extremely useful, especially when preparing
for rent reviews or planning cyclic maintenance.
It
is no wonder, then, that we already manage a property portfolio
worth in excess of £70 million pounds for clients both overseas
and in the UK. They appreciate that our fees are not just competitive,
but represent the best possible value for them and their tenant's
alike.
Overview of services
- The collection of rental payments
- Preparation of monthly statements
- Arranging property maintenance and repairs in accordance with clients instructions
- Regular property visits and reports to the Landlord
- Liasing between the Landlord and Tenant
- Supervision of tenant's compliance with Tenancy Agreements
- Rent reviews and tenancy renewals
- Competitive fees
