Making a property investment in Waltham Forest or any other area of the capital can be a great way to make money, but over time properties can become quite challenging to manage. One of the biggest decisions that landlords are faced with is whether or not they should hire a property management company to help them take care of their assets. Here are some of the most common reasons why landlords may need help.
You own multiple units. The more properties you own, the more responsibility you have. In cases like these, you’ll probably need a management company to be there for your tenants, leaving you with more time to focus on other business ventures.
You are located elsewhere. Many landlords do not live in the areas where they own properties. For instance, you could be an overseas investor or live in other part of the UK. Obviously, this means you will struggle to be there for tenants and will require extra assistance.
You simply aren’t interested in being hands-on. A lot of landlords are happy to sit back and watch their returns increase while working on other projects at the same time. Others may own a portfolio of properties but are in retirement and wish to have the added security of additional income.
You want an affordable solution. Guaranteed rent is a system where you are able to still receive a monthly income regardless of if your property has tenants or not. All repairs and maintenance are included in the fee as you’re technically sub-letting the property to another company. This is a great alternative to paying the fees for a management company while still retaining a healthy income.
We are one of London’s leading property management companies and can provide you with complete assistance. Whether you want someone to be there for your tenants when you aren’t able to be, or you would prefer to have guaranteed rent without the worry, can offer a solution. If you would like to know more about how our team can help your properties gain you the most return on investment, contact us today and we will discuss your particular needs in further detail.