Katy Clark: The benefits of using an effective Property Management team
September 2018
As a property owner, it may be the case that you take on responsibility for the day to day management of your portfolio by yourself.
If so, it is worth considering the implications and benefits of employing a managing agent.
Katy Clark, Senior Surveyor at Naylors explains what is involved and the different services Naylors can offer.
Our Property Management team has 9 dedicated members of staff who operate from our Newcastle office and are highly trained to offer a range of specialist services including…
Property Management – we can take over all of the day to day property management issues such as setting service charge budgets, managing contracts, dealing with all tenant issues and organise any reactive and planned maintenance.
Facilities Management – our FM team are experts in mitigating your liability as a property owner. We prepare specifications and tender contract work, negotiate contract renewals directly with utility companies to ensure best value and also ensure statutory compliance issues are identified and addressed.
Asset Management – we can work with you to agree and then deliver a clear plan for maximising the return from your property asset with our Asset Management Plan. We can identify opportunities to improve the capital value, secure longer leases and review rents.
Financial Accounts – our dedicated accounts team will report to you monthly and quarterly on all income and expenditure, provide you with the necessary information to complete your VAT return, reconcile all income and expenditure and liaise with your accountants on year-end reports. We can also provide a cashflow for each building or portfolio.
We also have some impressive figures to back up the strength of our Property Management department…
• A dedicated team of 9 people within the department
• Over 90 properties under management
• Currently acting for in excess of 45 clients
• Total Rent roll collected is circa £6.5 million per annum
• Service Charge funds managed are in excess of £2.8 million per annum
Effective Property Management is an integral part to any property owner and occupier’s business strategy and if done properly can have a significant and positive outcome for both parties.
So, if you are looking for a hands-on Property Management service that is unrivalled in the North East, contact Katy Clark today on 0191 211 1566 or email: katyclark@naylors.co.uk