wheatlandrentals.com » Management

Terraced property

Damon — Fri, 30 Apr 2010 15:37:51 +0000

Terraced houses are quite common in the UK. With the amount of populace growing by the year, more houses have to be built. This of course, means more money, meaning less government or council finance. Terraced houses are usually cheaper due to the size and décor. Terraced houses are houses which are connected to one another, and can fill a whole street (i.e. a row of houses without being separated). The type of people who live in a terraced house are usually working class, or are students (it is cheaper to rent out terraced property than property which isn’t terraced).

Ongoing training to stay on top of your game

Damon — Fri, 23 Oct 2009 09:00:20 +0000

To help you stay up to date with the latest news and regulations pertaining to property management consider some ongoing training to stay as informed about your industry as much as possible.

• The Letting Training Centre provides regular seminars on Residential letting, which they expand on to encompass advice on staff retention within your property office.
• The Guild of Letting and Management provide BTEC Diploma courses in Residential & Letting Management. Once completed this gives a lifetime qualification to frame above the desk.
• The Chartered Institute of Housing offers seminars, various training courses and opportunities to learn remotely by email and web based training.

By taking advantage of training courses and attending regular seminars you will gain valuable information and learn of any updated regulations that affect the management of property. Knowledge is power and will set you aside from your competitors when prospective clients are searching for a reliable property manager.

Get ahead and get a website

Lydia — Thu, 22 Oct 2009 16:50:03 +0000

One of most proactive measures you can take to get your company presence out there is to create and maintain a website for your property services. Having a high web presence will increase your potential traffic to your site of both new clients with properties requiring management, and tenants wanting to lease out.

A website will give you a footing in the region of the country where your properties are based, as for more remote areas; prospective landlords or tenants may prefer or trust my locally based companies. In more built up areas, then how they chose between property management companies may depend more on the level and ranges of services offered.

Make the site easily accessible by defining a sub domain for landlords and a separate sub domain for tenants. Built a property search in to your home page, as site visitors will want to find properties straight away, either to compare or rent out.

For landlords, be upfront with all your fee charges, avoid any hidden extras. The more you list on your site – the more clients can find without creating admin work in the office. It will also show that you are prepared for taking on properties by being open about services and costs.

Management requires planning

Josh — Thu, 22 Oct 2009 10:06:06 +0000

Once a client is on board and you have their property registered, and then start the hard work of maintaining any works programmes on the property, managing any finances related to the site and dealing with the client and other customers effectively and efficiently.

To help manage all of this in a timely and correct fashion for each of your clients who are all probably on different time lines with you, you will need to have a suitable computer management system on your network to help traffic all the work.

Look for packages that can provide:

• Accounting solutions to manage tenant and property ledger accounts and client banking
• Automated tax calculations for non resident landlords
• Suitable diary functions for meetings, viewings, cleaning dates, end of contracts etc
• Contractor ledger for storing dates, quotes, costs from 3rd party suppliers

A researched, comprehensive one stop software option will streamline the workings of property management. Get this right and you’ll free more of your time up to concentrate on new business.