sdl

What is block management?

SDL Property Management explains what block management is… Managing a block of flats requires a professional approach, time and dedication. Block management is known by various names in the industry; leasehold management, property management and estate management to name a few. If you’re thinking of getting into block management, but you

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SDL PROPERTY PARTNERS REFRESHES ITS OFFERING FOR SPRING

The industry’s first property management franchising scheme, SDL Property Partners, refreshes its offering for Spring 2019, making it even easier to join. Training has been given a revamp, giving its franchisees more control by providing different training routes that are applicable to either property managers and non-property managers. As well

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BDC 321 : Oct 2024

sdl

What is block management?

SDL Property Management explains what block management is… Managing a block of flats requires a professional approach, time and dedication. Block management is known by various names in the industry; leasehold management, property management and estate management to name a few. If you’re thinking of getting into block management, but you aren’t sure what’s involved, here’s our guide to what it is and how it works: A quick introduction to leasehold Leasehold flats can be in purpose-built blocks, in converted houses or above commercial or retail premises. A leasehold usually includes everything within the four walls of a flat, down to the floorboards and plaster on the walls and ceilings. The freeholder usually owns the building, including the common parts (eg corridors, entrance way), the structure (eg roof, windows) and the land it stands on. The freeholder is, normally, responsible for the maintenance and repair of the building. If so, the costs for doing so are recoverable through the service charges and billed to the leaseholders. The freeholder or resident management company usually appoint a managing agent to manage their block. What are service charges? Service charges are payments by the leaseholder to the landlord for all the services the landlord provides. Details of what can (and cannot) be charged by the landlord and the proportion of the charge to be paid by the individual leaseholder will all be set out in the lease. What is block management? Block management is the process of managing the communal areas of residential properties through the service charge. Managing a block of flats requires a professional approach, time and dedication. Block management involves constant communication with various contractors in respect of maintenance and repairs, insurance of the building and, in some cases, provision of central heating, lifts, porterage, estate staff, lighting and cleaning of common areas. It also requires a good understanding of legislation and leasehold matters, preparation of budgets and annual accounts, as well as routine inspections to check that the property is in good order. A major part of a role in block management is ensuring that the landlord and leaseholders get value for money for their service charge payments, and the building is maintained in accordance with the terms of the lease. SDL Property Partners is a franchise network which enables you to become a managing agent and offer block management as part of your services. In a nutshell, we’ll get you up and running, providing training, support and back office systems. If you’re looking for a new opportunity and block management sounds like it could be for you, get in touch with our team.  If you wish to find out more about getting your property managed by the experts, please visit – https://sdlpropertymanagement.co.uk/contact-us/

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SDL PROPERTY PARTNERS REFRESHES ITS OFFERING FOR SPRING

The industry’s first property management franchising scheme, SDL Property Partners, refreshes its offering for Spring 2019, making it even easier to join. Training has been given a revamp, giving its franchisees more control by providing different training routes that are applicable to either property managers and non-property managers. As well as training on industry related matters, SDL Property Partners will be training its franchises on its company values. All of this will be delivered at an even lower cost to its franchisees. In addition to this, franchisees now have the opportunity to choose their own area without the restriction of territories. This comes as the scheme is going from strength-to-strength and currently has 17 franchise territories, with 3000 units under its management throughout the network. With its ongoing support from SDL Property Partners, franchisees are seeing their businesses blossom, with two franchises securing in excess of 700 units within the last 12 months and another having over 1000 units. Furthermore, only a year into the new venture, SDL Property Partners was shortlisted as Innovator of the Year at the Property Week Management All Star Awards 2018. With all this achieved in a mere 18 months, there is certainly a promising future for the company that is passionate about revolutionising the customer’s experience of property services. Chris Summers, head of franchising at SDL Group comments: “We are over the moon with how the business is growing and how it has given our partners the opportunity to develop their own businesses. As a result, we are in the position to be able to provide this offering to more people. “This proposition does not cost as much as you think and with some of our franchisees earning over £100,000, there couldn’t be a better time to become an SDL Property Partner.” To find out more on becoming an SDL Property Partner, please visit –  http://bit.do/SDLPropertyPartnersSpring2019   www.sdlpropertypartners.co.uk

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