Juggling a busy life with the responsibilities of being a landlord can feel like a constant three-ring circus. Between fielding tenant calls, coordinating repairs, and ensuring legal compliance, it’s easy to feel overwhelmed. This is where a property manager swoops in, ready to be your cape-wearing hero (or heroine) of the rental world.
So, what exactly is a Property Manager?
Think of a property manager as your personal landlord assistant. They handle the day-to-day operations of your rental property, freeing you up to focus on the other important things in life. They handle tasks such as rent collection, lease enforcement, and managing tenant relations, so you don’t have to. Here’s a glimpse into what they can do for you:
Maintenance and Repairs
Leaky faucets, broken appliances – property woes can strike at any time. A property manager will have a network of qualified contractors at their disposal, ensuring repairs are handled promptly and professionally, minimising downtime for your tenants and saving you the stress of endless phone calls.
At Jacobs Steel, we have a team of contractors that almost work exclusively for our managed property portfolio. This kind of relationship can be extremely beneficial for our landlords when issues undoubtedly arise.
Legal Compliance
The world of landlord-tenant law can be a complex one. Our property managers stay up to date on the latest regulations and ensure your rental practices adhere to all legal requirements, giving you peace of mind. We regularly update our landlord guide to make sure information is easily accessible and keep our finger on the pulse of the Rental Reform Bill (which is likely now stalled).
Staying on top of tenancy renewals
Whilst we can’t speak for all agencies here, our Property Managers stay well ahead of the game by getting everything ready for a tenancy renewal before the date arrives. Our Lettings Manager, Ollie Whiting, will also re-value the property according to current market rates, ensuring that your return on investment stays in line with the market.
Financial Management
Keeping track of rental income, expenses, and tax implications can be a headache. Property managers will handle all the financial aspects of your property, providing you with clear and concise reports to keep you informed.
Why you need a Property Manager
While managing a rental property yourself is doable, the benefits of having a professional team in your arsenal can be significant:
Save Time and Reduce Stress
Property managers free up your valuable time, allowing you to focus on your work, family, or simply enjoying life without the constant worry of landlord duties.
Maximise Your Investment
Professional property managers can help you maximise your rental income by ensuring your property is competitively priced, well-maintained, and tenanted by reliable occupants.
Enjoy Peace of Mind
Knowing your property is in good hands allows you to relax and rest assured that everything is being taken care of.
Is a fully managed tenancy right for you?
The decision to opt for a fully managed tenancy depends on your individual circumstances. If you own a single property close to where you live and have the time and knowledge to manage it yourself, you might not need property managers at your disposal. However, if you own multiple properties, live far from your rentals, or simply don’t have the time or desire to deal with the day-to-day hassles, a property manager can be an invaluable asset.
Jacobs Steel: Your Partner in Successful Property Management
At Jacobs Steel, we truly understand the unique needs of landlords in the UK. Our team of experienced Property Managers is dedicated to providing an exceptional service, taking the weight off your shoulders and ensuring your rental property runs smoothly and profitably.