Maximising Your Property’s Potential: A Comprehensive Guide to Property Management Services

by | 25 Mar 24 | Property Maintenance

Many people are diving into the world of real estate, only to find that there’s a lot more to property management than it seems. From managing and maintaining the building to finding potential tenants to pay rent, it can easily become overwhelming for one person to do alone. Fortunately, that’s where property management services come in.

In our property management guide, we’re sharing key information about relevant services and how they can help you maximise your property’s potential. But before we begin, let’s take a moment to answer the question ‘what is property management service and what it means for you?’.

What Is Property Management?

Property management is a service that handles all aspects of your property. This may involve property maintenance, lettings, sales, and most of all peace of mind and guidance to help you make the right choices and make it cost effectively. In a nutshell, property management services should involve the process of looking after all property-related concerns on behalf of the property owner.

Now that we’ve established what property management services are, let’s dive right into the property services that are on offer.

What Services Does A Property Management Company Provide?

Below we are sharing common services offered by property management companies, including us here at BK Property Management Services.

Landlord Services

Landlord services bridge the gap between landlords and tenants. A property management company will utilise their vast industry knowledge to advise clients and help them get the most out of their rental properties. Landlord services include property marketing, determining agreeable rental rates for both parties, preparing tenancy agreements, client referencing and background checks, monthly rental collections, paperwork handling for services like ASTs, rent deposits, right to rent guides, all compliances related to the property and more.

Property Maintenance

Property maintenance involves day-to-day repairs, emergencies and regular maintenance checks. Property maintenance teams regularly work with reliable contractors, and therefore build a trusted support network between the tenants and the contractors.

Guaranteed Rents

Property owners can expect a guaranteed income hassle free from a two to five years rent guaranteed scheme. Services that are included with this free of charge are a monthly payment on time regardless if property is vacant or occupied, all day to day repairs and maintenance, quarterly photographic inspections, and all tenant related concerns resolved promptly. Many property management companies cover the utility bills and council tax for your void period and should guarantee the property back in the same condition as taken.

Property Sales

Along with residential lettings and rentals, property management companies also deal with property sales. They use their market knowledge and property management industry insights to find the right buyer at the right price. Services include property valuation, advertising across all platforms, viewings, offer negotiations and everything else you need to find the right deal at the right price.

Benefits Of Using A Property Management Company

There are many benefits of using a property management company, including:

  • Save time – As shown above, property managers will carry out several tasks, saving you valuable time that can be spent elsewhere. After all, time is money.
  • Receive peace of mind – Property managers draw on their vast experience in the field – they know what they are doing, so you can relax knowing that you’re in safe hands.
  • Lower costs in the long term – With property managers monitoring the building through regular maintenance checks, you can treat any incidents as and when they occur, saving you money and protecting you from a build of maintenance issues.
  • Minimal paperwork – When you use a property management company, they will handle all the paperwork, from tenancy agreements to client references through to any maintenance documents. Therefore, you don’t have to worry about any of this and can leave it to the experts instead.

Meet BKPMS, The Property Management Company That You Can Trust

Here at BK Property Management Services, we are experts in all property management services and understanding our customer needs. We look after all aspects of your property, allowing you to sit back and relax, knowing that your property is in safe hands. When you place your trust in us, we will take it seriously and do everything in our power to deliver the results you have been promised. We handle all your property management services with pride as we are one family. Choose BKPMS to help you find prospective tenants or buyers at a price that you will be happy along with complete peace of mind. Get in touch today to find out how we can help manage your property and needs.

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Book a call with our team today to see how we can help

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