Managing a block of flats is a major challenge. It is often much more complex than handling a single property such as a house, because you will have multiple different flats and tenants to deal with, as well as communal areas and gardens which all need to be maintained. Block management involves a diverse variety of different jobs, and anybody undertaking the task needs to have in-depth knowledge of matters such as accountancy, tenancy law, health and safety and much more. If a block is managed poorly, it can have a hugely detrimental impact not only on the happiness of the people living there, but also on the long-term value of the property. You will lose out financially as tenants will be more likely to cut their time in the property short, and if the building is not regularly inspected and maintained there could be structural damage which will result in expensive repairs or refurbishment work further down the line. As an investor, it is in your best interests and those of your tenants to make sure the property is excellently managed.
It’s usually the landlord who is responsible for managing the building, but it can be difficult to keep up with all the work that needs to be done, particularly for busy landlords who own multiple properties. To achieve the high standards your tenants expect, your best course of action is to have a professional management company take care of the property for you.
We have many years of experience with block management in Bromley and all other areas of the capital, and can provide a complete, detailed service that encompasses every single aspect of property management. From dealing with maintenance and repairs to paying you monthly guaranteed rent, we are renowned for our quality service and are dedicated to benefiting both landlords and tenants. We have a full and detailed understanding of the laws and regulations pertaining to block management and will make sure everyone involved is fully aware of their rights, while also keeping the building in excellent condition. Owning and managing London property is not always easy, but with our help the task becomes much simpler, no matter what type of investment you own.