Residential : Housing Associations News
Historic Randalls Site Provides Affordable Alternative for Renters

Historic Randalls Site Provides Affordable Alternative for Renters

With the average cost of renting a property in the UK now stood at a record high of £1,061 per month, getting onto the property ladder is a more attractive prospect than ever. For Uxbridge renters, Rosewood Housing’s stylish Shared Ownership apartments at the iconic Randalls department store are ideal

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PLACES FOR PEOPLE LAUNCHES WOMEN INTO TRADES PROGRAMME – HELPING INCREASE FEMALE REPRESENTATION IN THE CONSTRUCTION SECTOR OVER THE NEXT THREE YEARS

Places for People Group has today launched a new initiative which will help young women establish careers in construction.  The Group is actively encouraging applications onto its Women into Trades programme – an initiative born out of a commitment to diversity and inclusion. It will offer currently unemployed women aged 18-24 in

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CACI REVEALS TOP 20 BTR LOCATIONS IN THE UK

CACI, the consumer and location intelligence specialist, has revealed the top 20 areas best to invest in for build-to-rent (BTR) schemes across the UK. The research highlights developments are proving increasingly popular with residents, as more and more consumers are attracted to BTR schemes because of the ease and convenience

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Covid renal arrear woes start to ease for UK landlords

Research by the nationwide buy-to-let specialist, Sequre Property Investment, has revealed that the tide of pandemic rental arrear woes that have impacted one in five landlords could be starting to turn, as the majority are now seeing a reduction in the level of late rental income owed to them. The

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Homes England grant extends Torus’ Affordable Homebuilding Programme

Torus has been granted funding to extend its affordable homes programme across the North West region. This follows today’s announcement by the Ministry of Housing that £8.6 billion will be invested in bolstering the delivery of new affordable housing across the country.  Part of the Affordable Homes Programme – the largest single investment in affordable housing in a decade – Torus will build upon its successful strategic partnership

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Housing association acquires 4 acres at Linmere for 100 homes

A Bedfordshire housing association has completed the purchase of 4.06 acres to develop 100 new homes as part of a new 650-acre urban village being created near Houghton Regis, Bedfordshire. The £4.75m deal will see bpha create 49 shared ownership and 51 affordable properties for rent comprising a mix of

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Latest Issue
Issue 324 : Jan 2025

Residential : Housing Associations News

Historic Randalls Site Provides Affordable Alternative for Renters

Historic Randalls Site Provides Affordable Alternative for Renters

With the average cost of renting a property in the UK now stood at a record high of £1,061 per month, getting onto the property ladder is a more attractive prospect than ever. For Uxbridge renters, Rosewood Housing’s stylish Shared Ownership apartments at the iconic Randalls department store are ideal for those looking to quit renting and snap up their very own home instead. And, with only nine Shared Ownership homes available at the site, prospective purchasers need to act fast to secure an affordable apartment with a unique history. Enjoying a convenient location within the commuter town of Uxbridge, all homes at Eves House are available to view, allowing interested parties to choose their dream home. The collection of one and two-bedroom apartments have all been designed and constructed with the same high-quality finish as those destined for private sale by Rosewood’s parent company, Inland Homes, with some properties even enjoying the added luxury of secure gated parking.  Sally Ingham, Board Director at Rosewood Housing, comments: “At Randalls, we are delighted that our affordable homes are offering buyers the opportunity to get onto the property ladder at such a historically significant development. As all properties are now ready to move into, purchasers will be able to settle into their new home before Christmas. With only nine properties available, we expect demand at Randalls to be high and urge potential purchasers to book an appointment with us as soon as possible.” Providing a more affordable way to get onto the property ladder, Rosewood’s Shared Ownership scheme at Eves House allows purchasers to buy a 25% share of their property, whilst paying a subsidised rent on the remaining value. After moving in, buyers can choose to purchase further shares of their property up to 100% and full ownership – known as staircasing – as and when they can afford to do so. Eves House hosts the stunning collection of one and two-bedroom Shared Ownership apartments at Randalls. Benefiting from spacious open-plan layouts, kitchens are complete with slimline quartz worktops and a selection of high-quality integrated appliances. Contemporary bathrooms feature stylish Porcelanosa tiling, sleek white sanitaryware and fully recessed mirrors. All homes enjoy the added benefit of having underfloor heating as standard. Home offices, en-suites and balconies provide even more space to enjoy in selected apartments. Randalls is well situated to enjoy the Uxbridge’s thriving community. With two shopping centres on offer, residents can take full advantage of the extensive range of popular high-street stores available, including H&M, River Island and The Body Shop. The town centre hosts a variety of popular restaurants, including Prezzo, Nando’s and Wagamama, while Millers Tap is a craft-pub offering a range of refreshing cocktails. Uxbridge also hosts a multi-screen Odeon cinema with an IMAX-screen, perfect for catching all the latest releases. Residents at Randalls can benefit from the plethora of tranquil green spaces that Uxbridge has to offer. Fassnidge Park hosts of bowling green, tennis courts and a café, and is just a short eight-minute walk away. Also nearby, Dowding Park is just a nine-minute walk from Randalls. This 40-acre space includes a children’s playground, football pitches and a peaceful woodland trail. Blue space is also plentiful, with the opportunity to enjoy stunning views across the River Colne, River Pinn and Fray’s River, or a gentle stroll alongside the Grand Union Canal. Randalls is ideally placed for commuters. Uxbridge Underground Station is just a five-minute walk away, providing easy access to a range of destinations including Wembley Park (25 minutes), Kings Cross (43 minutes) and Leicester Square (62 minutes). The introduction of Crossrail to nearby West Drayton train station from 2022 is expected to dramatically reduce journey times to destinations including London Paddington and Reading. For those hoping to travel further afield, the M25, M4 and M40 motorways are all easily accessible from the development, and residents are also just a 15-minute drive away from Heathrow Airport.

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Work set to get underway on two multi-million-pound affordable housing projects in Glasgow

Work will shortly begin on two multi-million-pound affordable housing developments in Glasgow. Housing provider Home Group Scotland appointed Cruden Building West, part of the Cruden Group, to deliver two key housing developments at Kennyhill Square in Dennistoun and in East Balornock (Phase 6). The contracts have a combined value of £12.5m. The new £6m Kennyhill Square development will provide much-needed mid-market rental housing in Glasgow’s East End with 36-, one- and two-bedroom apartments built on the site of a former nursing home. The development, which has been designed by Grant Murray Architects, offers energy-efficient, high-quality homes and many of the properties benefit from a terrace with stunning views overlooking Alexandra Park.  Cruden Building West was also awarded a £6.5m contract by Home Group to develop the latest phase at East Barlornock – creating 35 highly sought-after affordable homes at the site on Broomton Road. Home Group Scotland and Cruden Building West have been working with Glasgow City Council on this development which has been built over five phases to date, and this marks the beginning of phase six of this £50m regeneration of the East Balornock area. Allan Callaghan, Managing Director of Cruden Building East said:  “We are delighted to begin working on this exciting new development at Kennyhill Square in Dennistoun which will bring all important sustainable, affordable homes to the area.  We will also begin work on phase six of building the East Balornock development – a significant milestone as we get closer towards delivering this landmark regeneration which will create around 320 new homes in total. As is the case with all our projects, we are committed to giving back to the local area by providing significant community benefits, work placements and apprenticeship opportunities.” Stuart Dixon, Head of Development at Home Group Scotland, said: “Over the past few years Home Group has played an integral part in helping to energise parts of Glasgow through its development programme. The next phase of East Balornock and the development at Kennyhill Square in Dennistoun are a continuation of that programme, with more to follow. Working with Cruden Building West, we know these developments will deliver exactly what we and our customers want.”

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RENDALL & RITTNER SHORTLISTED FOR PRESTIGIOUS EMPLOYEE ENGAGEMENT AWARD

Rendall & Rittner, a leading property managing agent, is proud to announce it has made the final shortlist for The Employee Engagement Award in The Investors in People Awards 2021. In a record-breaking year for entries, with nearly three hundred organisations involved, Rendall & Rittner is proud of this outstanding achievement amongst tough competition. The Investors in People Awards celebrate the very best organisations and individuals from around the world across various organisational, people, wellbeing and leadership categories. Rendall & Rittner is committed to employing the best possible people for every role. Knowing that their employees are pivotal to the company’s success, being shortlisted for The Employee Engagement Award is testament to Rendall & Rittner’s commitment to delivering excellent property management. Catherine Riva, Director at Rendall & Rittner, comments: “Having already achieved a Platinum accolade – the Investors in People (IIP) standard, we are delighted to have been shortlisted for this prestigious award. This reflects the hard work and enthusiasm of everyone in our company from our on-site teams to those at our head office. It is great news that we have had the achievements of our employees recognised by an international awarding body. We are looking forward to The Investors in People Awards in November.” Paul Devoy, CEO of Investors in People, comments: “Now in our 8th year, it always makes me feel immensely proud to see so many fantastic organisations staking their claim to be the best. And every year, the entries do get more and more competitive and the judging even tighter. Reaching the final shortlist is a testament to the amazing commitment these organisations are making to make work better for their people, and they truly deserve this recognition.” The winners of The Employee Engagement Award will be announced at The Investors in People Awards online ceremony on the 23rd November 2021. For more information on Rendall & Rittner visit www.rendallandrittner.co.uk or for the full shortlist and more information about Investors in People visit www.investorsinpeopleawards.com.

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PLACES FOR PEOPLE LAUNCHES WOMEN INTO TRADES PROGRAMME – HELPING INCREASE FEMALE REPRESENTATION IN THE CONSTRUCTION SECTOR OVER THE NEXT THREE YEARS

Places for People Group has today launched a new initiative which will help young women establish careers in construction.  The Group is actively encouraging applications onto its Women into Trades programme – an initiative born out of a commitment to diversity and inclusion. It will offer currently unemployed women aged 18-24 in six geographical locations, career opportunities within the Group’s affordable housing businesses. The initiative is being delivered by Places for People in partnership with not-for-profit training company Ixion, the Positive Transformation Group – which connects ethical businesses together – and Women into Construction (WiC).  Cohorts will undertake an initial seven-week course, during which they will join Q&A sessions with female industry leaders, secure work experience, undertake online training, and be given a free toolkit to help them in their career pursuits.  Debi Marriott-Lavery is Group Executive Director – Affordable Housing for Places for People and said: “The UK construction sector is still incredibly male-dominated, with females making up less than 16% of the workforce. I believe that through positive action we can redress the balance, giving young women the skills and training they need to start their career in construction.  “This is an incredible sector to be a part of; within our Group we are creating and maintaining affordable homes in exciting new communities across the country. This is a great opportunity for young women to come and be a part of our journey, while also laying solid foundations for their future.” Upon their completion of the initial training programme, 12 graduates will be offered a two-year Level 2 Apprenticeship, working with Places for People Group’s construction repairs and maintenance departments. Following a performance-based review at the end of their apprenticeship, each candidate will then be offered a permanent position with Places for People. Trainees not moving onto the apprenticeship programme will also be supported long-term by Positive Transformation Group, which will help them find alternative training programmes. Kath Moore MBE, Managing Director of WiC said: “We are delighted to work alongside Places for People, a Group which shares our values and commitment to increase female representation in the construction sector. WiC is dedicated to changing the face of construction and is committed to developing new ways to support construction contractors to create lasting change in their businesses – this initiative is a great example of our work in action.”  Dan Brown, Founder of Positive Transformation Group added: “Positive Transformation Group is committed to systemic positive change in society with a meritocratic, inclusive and diverse workforce being at the forefront of our vision for the future. Having the opportunity to create powerful collaborations for change with forward thinking industry leaders such as Places for People, HACT and Ixion, really brings this vision of the future to life.” The news comes as Places for People also announced it has signed the Plentific Women’s Trade Network Pledge to further demonstrate its commitment to women in the industry, by removing barriers and providing access to job opportunities, support and training. Debi concluded: “Our Group is committed to establishing a more inclusive organisation, and these are just some of the initiatives we are undertaking right now to help underrepresented groups establish careers. I am proud to announce the programme and look forward to welcoming our trainees in the coming weeks.” The Women into Trades programme will be offered to applicants in Leeds, Derby, Edinburgh, Preston, Huntingdon and Milton Keynes. Applications can be made now by visiting https://www.ixionholdings.com/current-opportunities/women-into-trades-traineeship-for-18-24-year-olds/

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CACI REVEALS TOP 20 BTR LOCATIONS IN THE UK

CACI, the consumer and location intelligence specialist, has revealed the top 20 areas best to invest in for build-to-rent (BTR) schemes across the UK. The research highlights developments are proving increasingly popular with residents, as more and more consumers are attracted to BTR schemes because of the ease and convenience they provide. CACI’s data has unearthed significant opportunities outside London, with both Coventry in the West Midlands and Central Bedfordshire in the East of England achieving total ranking scores of 71% each for BTR investment potential.  The complete top 20 is: 1 Coventry 11 Cardiff 2 Central Bedfordshire 12 Maidstone 3 Aylesbury Vale 13 Arun 4 South Gloucestershire 14 West Lothian 5 Colchester 15 Barking and Dagenham 6 Milton Keynes 16 Manchester 7 Swale 17 Wealden 8 Sandwell 18 Peterborough 9 Ashford 19 Sheffield 10 Leeds 20 County Durham In London itself, Barking and Dagenham are the highest-ranking boroughs, largely driven by the rental income and quantity of potential customers.  The data also reveals there is a geographical pattern in London, with the biggest opportunity for BTR in the capital to the east and north of the city, largely driven by the underlying demographic of the area. More than £1.2 billion was invested into the UK’s BTR market in Q1 2021, the highest first quarter on record*.  To reflect the growing popularity of the sector, CACI’s BTR index has reviewed factors including rents, affordability, yields, volume of potential customers and population growth to create the ranking. Commenting on the research, Tolgar Necar, Managing Consultant at CACI said: “It’s clear from our ranking that the UK BTR market has established itself in a wide range of locations. The market is growing rapidly and destinations within the London commuter belt are becoming more appealing than ever for this younger generation looking for convenience and high-end schemes to live in. For more and more of these consumers, it is all about the ability to socialise as opposed to the size of the property, kerb appeal and having a garden are less important, which is reflective of their life-stage.” Managed services and facilities contribute hugely to the attractiveness of the schemes to prospective tenants, allowing developers to stand-out from the competition and achieve premium rental values, creating a win-win for developers seeking higher yields and renters happy to pay for these features.  Such premiums tend to gear developments towards higher-earning groups, often falling within CACI’s ‘rising prosperity’ Acorn segments, with aspirational ‘starting out’ groups also attracted by the ease and convenience that these managed schemes provide. CACI’s research has also identified the factors most relevant to such consumers when choosing a BTR location: proximity to friends, proximity to work, transport links, proximity to green space, the quality of local amenities (shops and F&B); and access to high-speed internet.  BTR schemes also typically offer high-spec units, with managed amenities and services – the best of which are highly targeted to the needs, wants and lifestyles of specific user groups and audiences. This latest index from CACI follows their latest research revealing the scale of demand for staycations in the UK this summer. * https://www.savills.co.uk/research_articles/229130/312837-0

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Covid renal arrear woes start to ease for UK landlords

Research by the nationwide buy-to-let specialist, Sequre Property Investment, has revealed that the tide of pandemic rental arrear woes that have impacted one in five landlords could be starting to turn, as the majority are now seeing a reduction in the level of late rental income owed to them. The survey of nearly 4,000 UK landlords commissioned by Sequre Property Investment found that nearly one in five (17%) have experienced rental arrears as a result of the pandemic. For a third (27%), this has been a marginal inconvenience to the tune of one month’s rent. However, a further 23% have been out of pocket between one and two months rent, with half have seen these arrears accumulate to two or more months of rental income. With the government moving to ban tenant evictions while increasing eviction notice periods to six months during the height of the pandemic, landlords have had little choice but to sit tight in hope that this lost rental income can be recouped further down the line. The good news is that this tide of pandemic rental arrears does seem to be turning, with many landlords reporting a reduction. While 36% stated that the level of arrears owed to them has remained the same since the height of the pandemic, 37% have seen a reduction and just 28% have seen a further increase. Sales Director at Sequre Property Investment, Daniel Jackson, commented: “The pandemic has posed problematic for tenant and landlord alike but while the nation’s tenants have been afforded a great deal of government protection, little has been done to aid those landlords facing a backlog of unpaid rent. With the government all but blocking the ability to evict tenants who can’t pay, the only option on the table has been to sit tight and wait for this storm of rental arrears to blow over. The good news is that many now seem to be weathering this storm and having shown faith in their tenants during hard times, the majority of landlords are now starting to have this faith repaid in the form of overdue rent. Of course, there are some tenants who are not yet out of the woods, as well as those who seek to take advantage of the system, but the rental market certainly seems to be rebounding in the right direction. Despite these tough times of late, as well as a string of legislative changes to buy-to-let profitability, the buy-to-let sector remains a lucrative business and continues to attract attention from the amateur landlord, right through to the institutional investor.” Survey of 3,842 UK landlords carried out by Sequre Property Investment via consumer research platform Find Out Now (15th September 2021). As a landlord, have you experienced rental arrears as a result of the pandemic? Answer Respondents No 83% Yes 17%     To what extent? Answer Respondents Two months or more 50% Up to one month 27% Between one and two months 23%     How has your level of rental arrears changed since the height of the pandemic? Answer Respondents Reduced 37% Remained the same 36% Increased 28%    

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Community consultation begins on new Retirement Living homes in Richmond upon Thames

Housing 21, a not-for-profit housing association, is proposing to redevelop an existing housing block in Richmond upon Thames, and create a new affordable housing scheme consisting of 28 apartments for older people. The Retirement Living development, together with London Borough of Richmond upon Thames, will address the shortage of housing for older people. Survey and design work has commenced and full plans are being presented to members of the local community, giving an opportunity to learn more about the scheme, ask questions and make comments. The public consultation event will run virtually, and feedback should be submitted by Friday 10 September. The website can be accessed at: http://www.spbroadway.com/howsonterrace All properties in the scheme – designed by architects, Hunters– will be affordable, either for social rent or shared ownership. There will not be any market housing built on the site. The scheme will be specifically designed for older people, promoting independent living in a community setting, with a communal lounge and scheme manager on site during the week. Geoff Reynolds, Property Development Manager at Housing 21, said: “We are excited to submit plans for this high-quality Retirement Living scheme in Richmond, which will be Housing 21’s first within the area. Retirement Living offers older people choice and control over their living arrangements as residents will benefit from having their own front door while having access to communal facilities, such as a lounge, offering a safe and secure place to call home. “The site at Howson Terrace is an ideal location for this development and is well-placed to serve the people of Richmond. We look forward to working with the council and local community to create a development that meets their expectations.” In addition to the 28 apartments, the development will provide a range of communal spaces including a communal lounge and green spaces. Responding to climate change the scheme will be built to an enhanced specification in order to be energy-efficient and have a low carbon impact. The design will feature landscaped areas around the building. Care will be taken to protect the natural environments and a sustainable urban drainage system (SuDS) will also be implemented. To access the virtual consultation, click here: https://www.howsonterrace.com/

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Homes England grant extends Torus’ Affordable Homebuilding Programme

Torus has been granted funding to extend its affordable homes programme across the North West region. This follows today’s announcement by the Ministry of Housing that £8.6 billion will be invested in bolstering the delivery of new affordable housing across the country.  Part of the Affordable Homes Programme – the largest single investment in affordable housing in a decade – Torus will build upon its successful strategic partnership with Homes England and continue to tackle the lack of availability of affordable homes in the region.  As the largest provider of affordable homes in the North West, Torus understands that safe, affordable homes are the foundation of any thriving community and this funding will allow the group to fulfil its long-term placemaking ambitions and create places that actively respond to changing local demand.    Torus is a catalyst for change and this grant will expand the group’s affordable homes programme, further transforming, regenerating and building communities that meet the needs of a growing, diverse, multi-generational population.   Creating affordable solutions, that provide people with a range of tenure options, Torus will continue to develop a number of schemes that will offer sustainable housing choices people can benefit from, no matter their situation.  Discussing the grant, Group Chief Executive, Steve Coffey, said: “This grant enables us to plan further into the future – beyond the 5 years laid out in our Corporate Plan – and create a stable, long-term pipeline that will see homes built exactly where they’re needed, ensuring that we can make the biggest difference for our communities.  “Creating homes which are genuinely affordable is integral to our mission as an organisation, and since amalgamating as a larger group in January 2019 has already seen us build 1,600 new affordable homes and invest £260 million into our communities – these figures will only continue to grow following the renewal of our partnership with Homes England.  “The need for affordable housing is not ebbing and as a group, we continue to work tirelessly to not only build homes that give people chances to live well in a home and area they choose. By proactively partnering with national agencies and collaborating strategically with Homes England, we can effectively plan for the future and continue helping people on and along the property ladder.  “Not only will this grant help us and our communities ‘Build Back Better’, it will contribute to tackling social issues, supporting people into training and employment and creating homes that embrace new technologies and create greener, healthier homes everyone can afford.” 

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Housing association acquires 4 acres at Linmere for 100 homes

A Bedfordshire housing association has completed the purchase of 4.06 acres to develop 100 new homes as part of a new 650-acre urban village being created near Houghton Regis, Bedfordshire. The £4.75m deal will see bpha create 49 shared ownership and 51 affordable properties for rent comprising a mix of apartments and houses ranging from one bedroom through to three bedroom homes. Work to build the homes is due to commence in April 2022, with the first homes being completed by August 2023. Completion of the development is anticipated in October 2024. As part of the deal bpha will also deliver three retail units offering locally run shops, in line with Linmere’s 20-minute neighbourhood strategy meaning that residents will never be more than a 20-minute walk or cycle ride away from community facilities, shops, schools and green spaces. Jeff Astle, Executive Director of Development and Sales at bpha said “We are very pleased to have acquired this site at Linmere and look forward to developing a high-quality scheme of much needed homes for shared ownership and affordable rent in this most sustainable location. We are grateful to Homes England for its financial support to ensure that the scheme can progress and we will be submitting a Reserved Matters Planning application to Central Bedfordshire Council shortly. With an anticipated start on site in April 2022, we will be seeking a construction partner before the end of this year”. The scheme will contribute to bpha’s development plans to deliver 3,000 new dwellings over the next five years across the Oxford to Cambridge Arc, where the organisation currently owns or manages around 19,500 homes. The bpha homes are the latest affordable properties to be announced at the new Linmere development, which is being created over the next 15 years by the Houghton Regis Management Company (HRMC), a consortium comprising master developers Lands Improvement, Aviva Investors, and the Diocese of St Albans. Linmere development director Nigel Reid said: “We’re delighted to welcome bpha to the Linmere fold. With our focus on creating communities, the one hundred well designed tenure-blind affordable homes it is going to build will play a key role in ensuring we offer something for everyone. The site will also complement our ethos of ensuring that every single resident is only ever five minutes away from an open green space and needs to travel no further than 20 minutes on foot or bicycle to reach a shop selling everyday essentials.” The first homes at Linmere will be available for occupation in the autumn. Around a third of the 650 acres will not be developed, with 90 acres of this being formal public open space. The rest will be managed land, allowing natural habitats to thrive. The development will offer a combination of parkland, wildlife corridors, allotments, sports pitches, play areas and walking routes linking the new village with surrounding countryside and rural settlements.  Cycle paths and cycle-friendly roads will crisscross the development and Linmere will also link in with the national cycle network. Linmere will see the creation of 5,150 homes over the next 15 years.  Two brand new state of the art primary schools and an extension to Houghton Regis’ existing Thornhill Primary school, due to open this September. A ten-form secondary school will open in September 2022. 

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Is Your Property Management Hitting the Rocks? What To Do About It

Management can be a tricky business to take on. Many different aspects need taking care of – from dealing with tenants and their concerns to properly maintaining the property. However, if you’re not careful, property management has the potential to turn into a nightmare. So, don’t let it get to that phase. Be Proactive: Conduct Periodic Repair, Inspection, and Maintenance Homeowners are not the only ones who have an interest in their property. Your tenants expect a certain level of service and amenities as well. Prioritize your repairs so that more serious issues do not fall through the cracks.  For example, you can have movers shift buildup stuff so the building remains clean and clutter-free. Alternatively, you can have an appropriate waste management system that gives existing tenants and potential ones a peaceful mind. Also, remember to inspect your unit and conduct periodic repairs, inspections, and maintenance. This will prevent minor problems from becoming major headaches.  Finally, make sure to have a maintenance schedule that allows you to work your way down the list and tackle each repair as it arises. Having this type of plan in place can help reduce tenant complaints about minor issues, like leaky faucets or clogged gutters. Have a Method for Attracting the Right Tenants Your property management methods should have a way to attract the right tenants. If you are struggling with this, consider adding an application fee or pre-qualification questions that weed out those who aren’t serious.  In addition, implement a credit check criteria for screening purposes and ensure your applicants provide recommendations as proof of a good tenant. You should also consider creating an incentive program for the best tenants to keep your property management team busy with things other than evicting. It may be worth considering adding move-in bonuses, referral programs, and renewal incentives that can help you attract the best applicants and keep them around. Have Open Communication With Tenants Open communication is essential for healthy property management. When you have an open line of communication with your tenants, they are less likely to complain or make noise about every little problem. A few simple phrases can keep them happy and the relationship on good terms. The best way to start is with a simple “hello” when you see them. It may feel awkward at first, but once the tenant realizes that their landlord cares about them, they will begin to open up more often. Acquire and Use IT Systems IT systems are an integral part of property management trends. They can help you streamline your processes and get a better overview of how profitable your properties are. Still, most importantly, they allow you to be flexible in the face of changing competition and market conditions. Once you acquire IT systems for yourself, there is no going back: it’s going to be the unbreakable backbone of your property management. Conclusion The problem is that many property managers are not proactive enough to ensure success. But, if you recognize the warning signs and take action when needed, your property management strategies can be an excellent asset for your business. 

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