When investing in real estate, there are a few things to think about. This is specifically true when you’ve decided to invest in rental property. For one, you’ll have various challenges to deal with, including marketing, screening tenants, collecting rent, evictions, and property maintenance, among other things. This can be a real headache as a landlord, especially if you’re just starting out. If you guessed right, this is where property management agencies come in. With this having been mentioned, here are the top 4 reasons to hire a property manager. 1. Property Managers Know the Law Maybe you have at some point in life wished to own property and probably collect rent like we have been loading our landlords’ bank account every month. Well, it’s just a matter of setting goals, and working towards your dreams… nothing is impossible. But how conversant are you with the laws that govern landlords and tenants? No idea? Well, you don’t have to worry about that if you have a rental property management firm taking care of business. These professionals are well informed about the hustle and bustle of managing a property. Their services range from admitting tenants to collecting rent, managing utility payments, and enforcing evictions. They also take care of property leases and everything in between. As an investor, it may cost you time and resources to understand the law that governs the rental property. These professionals are a must-have if you want to have peace of mind as a landlord. 2. They Enhance Professionalism Property managers are a link between the landlord and the tenants. Sometimes, situations may get hard, and the tenants may not pay their bills on time. A property manager is there to bar the tenant from having a “conversation” with the landlord about the situation. These interactions may restrict professionalism, and end up affecting profitability. When you have a property manager, such situations will be handled professionally and effectively in favor of both parties without too much leniency on either side. After all, you are in business. 3. Are an Investment in Disguise When hiring a property manager, many investors fail by concentrating on the expenses and fees involved. As an investor, however, one thing is for sure… you may not have enough time to go around looking for new clients for your vacant property or houses. Also, when a tenant vacates their premises, they are supposed to bear the cost of damages during their occupancy. A good property manager will ensure that the tenant caters to these, usually through the security deposit or otherwise. 4. They Are Experienced Professionals  When you choose to manage your property, you will admit every Tom, Dick, and Harry in your property to recover your money. Wait! Do you know how much of a headache it is to keep chasing a tenant for not paying rent? Just In the course of their profession, the property manager will be in a position to know the kind of tenant he is absorbing by screening their information. They will be in a better place to filter out “bad” tenants, thus ensuring your property gets the best tenants. Experienced property managers will almost always have a list of potential clients ready to occupy the property.

Landwood Group’s Commercial Asset Management division is expanding its headcount as it celebrates adding a leading health care provider to its books. The Manchester-based business have been instructed to manage Mental Health Care UK’s portfolio of over 30 sites across North Wales and the North West of England. MHC is one of the UK’s top 50 providers of support to individuals with learning disabilities, mental health issues, autism, and behaviours that challenge. Landwood will provide full asset and property management services, working closely with the on-site estates team to support MHC in “providing positive outcomes for people” across its residential and health care facilities. “We are delighted and proud to have been selected by MHC to provide Asset Management support for their care business. This draws upon our knowledge of the care sector, our asset management expertise and hands-on approach to property management and we are looking forward to working with the leadership team at MHC,” said Anna Main, Director and Head of Commercial Asset Management at Landwood. It comes as Landwood continues to grow its Commercial Asset Management team with two new recruits following a bumper 2020, which has seen them win a raft of high profile new instructions. Clients include Cervidae who have enlisted them to manage its One Didsbury Point office development in Manchester, Si One multi-let offices in St Ives on behalf of Cambridge Corporate properties, Eastbank Street in Southport, and two further mixed use schemes in Liverpool and Warrington. And to ensure they can continue to deliver the outstanding levels of service that have seen the business grow so quickly, Landwood are on the lookout for experienced Client Accountants to join them. “We’re immensely proud of our recent successes at Landwood. It shows that our determination to go above and beyond for each and every one of our clients is paying off. That’s why we’re on the lookout for the very best Client Accountants who will go that extra mile to deliver results,” concluded Anna Main.

Property management has vast challenges, but retention of clients in the current financial and fast-moving environment takes hard work, and attention to detail. Clive Winton is now in his tenth year with Crabtree, and to date his portfolio of clients remains intact from when he was first appointed as their property manager. How has he achieved this? This is Clive’s story Clive worked in the city for 36 years. His involvement in property management started as a Finance Director in the property where he lived, spanning eleven of his 23 years in residence in a block of 120 flats in North West London. He was not only successful in this role but found it enjoyable. So, when in 2009 a former fellow Director suggested he should get into property management professionally, Clive wasn’t entirely surprised by that idea. In the beginning Around that time Crabtree was experiencing huge growth, and on the hunt for property managers to expand their team. Clive approached Crabtree, swiftly followed by an interview, but was told that whilst they were interested in him, he would need to work towards being AIRPM qualified. He decided to undertake the training at home; he passed the exam with distinction. In 2010 Clive began his longstanding career with Crabtree. Using his knowledge and experience of being a Director for an RMC, he could see things from both the client’s perspective, and the property manager’s standpoint. To this day Clive advocates that is a major factor when it comes to client retention, and resident happiness. Within two years he had taken, and passed the MIRPM qualification exam. From listening to Clive talk about his day, his enthusiasm is infectious, but it comes with gritty realism; a down-to earth approach is most definitely required to be successful, and at the core of everything he does is his skill as a great listener. Clive clearly treats every client as they are the only one that he has. Drill down further and it’s easy to see why he has never lost a customer (in no particular order): Going down to site – know your customers Knowing your finances – what budget is available? Familiarity – make friends with both the Directors and residents and to be there when they need you Awareness of current regulations and H&S practices Being proactive with feedback – tomorrow is always too late! Taking responsibility for the property – acting quickly – “just get it done”! Not wasting time, if waiting for quotes to come in for works to be done is going to slow the process up, go with the quote you’ve got. Continuity – don’t be good at what you do most of the time – customers expect it all of the time. I asked Clive why he enjoyed his job He likes to build solid relationships with the Directors, the RMC and the residents, and that means getting out, meeting regularly with people and really listening to them. He believes that being of a more mature age is a definite bonus when it comes to building these relationships. Most Directors of the RMCs he looks after are of a similar age to Clive, and with that comes a certain respect that some younger property managers can struggle with at times. Familiarity is key, Clive says (quite rightly) that the last thing a resident wants to hear either on the phone, or at an AGM is “I don’t know your property”. It happens in the property world, but not in Clive’s world. Know your site, is a mantra Clive lives by, and continuity makes the job a whole lot easier. Whilst having been a Director gives Clive more of an insight into dealing with negotiations or difficult customers, Clive still believes that it takes years of experience to gain trust and respect. He believes that the lease document is most important and needs to be completely understood before any project commences. Some lease documents (as Clive has found out in the past) can contain very unusual clauses. One such lease, that he pulled out from his multitude of files to show me was from 1976. A snapshot from this section of the document states: “the tenant is not to nurse or permit to be nursed any case of notifiable infectious or contagious illness in the flat without the previous consent in writing of the Lessor”. He likes being in control and keeping on top of budget management. Again, it comes back to his mantra; “Know your client, know your property, know your finances”. Clive keeps track of all financials via hand written ledger books, because he says that’s how he managed the service charge budget at his own block of flats when he was a Director, and what worked for him then also works for him now. Underneath his desk is a mountain of carefully stored ledger books which contain in-depth records of every penny spent by his clients whilst under his stewardship during the time he’s been with Crabtree. Whilst he also uses the online management system, he still believes this method, whilst a tad old fashioned (as he’s happy to admit), works for him. Plus, his ledger books never need a reboot. Fair point Clive, can’t argue with that. There’s a lot to be said for experience that’s for sure.