subject: Block Management [print this page] Block Management Block Management
Many people consider becoming a property owner to boost their finances. Renting out property for business and domestic purposes can be a good investment. However running properties can be a complex and time consuming business. Block management services can be a practical solution.
What is Block management?
Block management services act on behalf of landlords. They take care of the day-to-day running of properties and ensure they are managed effectively. Block management services can relieve the stress of owning multiple properties such as business units and blocks of flats.
Benefits of Block Management Services
There are many benefits for landlords, freehold companies and tenants when using block management services. This can include:
* Maintenance one of the most time consuming and stressful aspects of property management is maintenance. Properties require a significant amount of maintenance such as cleaning of public areas, gardening and also ensuring lifts and other building services are in working order. Block management companies will take over the maintenance of your building and make sure that it provides a safe and welcoming environment for tenants and visitors.
* Security and Reception some buildings may offer security and reception services. Block management companies can take care of this aspect of running your property for you. They can hire security and concierge companies to patrol and oversee your properties.
* Insurance sorting out insurance for your properties can be a major hassle. One essential part of block management services is that they will arrange the relevant buildings insurance to protect the landlord's investment.
* Problem Solving running properties for commercial and domestic purposes can bring up all kinds of problems. This may concern issues with the buildings themselves and also disputes between tenants. It can be difficult and very stressful getting involved in disputes. Block management can act on your behalf to deal quickly and effectively with any problems that can arise in the day-to-day running of your properties. This will allow you to get on with other important tasks.
* Rent Collection you may not want to get involved in the issue of invoicing and collecting rents. You can leave this to a block management company if you would prefer. They will be able to take over the financial management of your tenants and make sure all the payments and leases are up to date and fully covered.
* Building Committees it is a good idea to set up a building committee and appoint volunteers from your tenants. This will provide a public forum for your tenants to put forward any issues or suggestions they may have. A block management company will be able to act on your behalf in these forums and ensure they are running efficiently. Building committees can be an important way to communicate with your tenants.
