A fundamental mistake landlords make is choosing not to use a reliable property management company. There is a common misconception that managing a property independently will save landlords money. In fact, it often turns out to be a false economy, as our team at Lyss Homes knows all too well!
Many landlords in East London come to us once they realise how challenging it can be to deal with all aspects of property management themselves and soon begin to recognise the benefits that using a property manager will bring.
Here we’ll look at the benefits of using a property management company.
A Single Contact Point For Tenants
Rather than having to deal with your tenants yourself, your trusted property management company will be able to resolve any problems and issues arising on your behalf. Property management companies offer a 24-hour service, so they are available to help when you are unavailable. Handling tenant complaints when letting your property can be stressful, but management companies will handle matters without you needing to involve yourself directly.
Reduced Tenant Turnover
Thanks to the practical, effective, and speedy services that your property management company will provide, the chances of high tenant turnover become much lower. If any changes occur on your side, such as a rent increase, your tenants are likely to be more prepared to cooperate when they know they’re in safe hands.
A Lower Chance Of Legal Problems
If you’re unlucky enough to experience a problem tenant, you can find legal issues mount up over time, costing you money and time. A property management company will be familiar with the most recent legislation and will be able to handle legal matters appropriately and efficiently on your behalf.
Timely Rent Collection
When you use the services of a property management company, you won’t need to worry about collecting your rent payments yourself. This can be a relief if you have difficult tenants. If they fail to make payment on time, a property management company will enforce the lease policies, taking appropriate steps to ensure that you’re fully covered.
Reduced Maintenance Costs
When you use a property management company, you will be able to take advantage of their maintenance provision team, who will keep your property in excellent working order. This is a far cheaper alternative to hiring external professionals every time something needs fixing. Also, the property management maintenance team will be familiar with your tenants and ensure all work is carried out professionally and correctly.
Why Use A Property Management Company In East London
As a landlord in East London, dealing with all your tenants’ issues with no professional assistance can be highly stressful and time-consuming. The ideal solution is to use a trusted local property management company like Lyss Homes. You’ll experience far less stress and will be sure to enjoy excellent value for money, with reduced tenant turnover and maximised rental revenue.
Get in touch with the Lyss Homes team today on 02080505452 to find out more about the property management services that we offer.
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