Management Takeovers
Taking over responsibility for the Management of a Portfolio
We are regularly asked to take on the management of properties with existing tenancies. This can be for several reasons, sometimes the agent no longer wants the responsibility of managing the property and all of the compliance that is necessary or simply does not want to have to deal with contact from tenants anymore.
Alternatively, there may have been a breakdown in the relationship with the existing Property Manager.
Addressing Compliance Issues and Reducing Risk
When we take over the management of a property, in the vast majority of cases we uncover issues with compliance and in these cases we set about helping our customers de-risk as much as we possibly can. We aim to give our customers a more enjoyable way to earn passive income.
Identifying Opportunities
If you are an agent, through your normal day-to-day networking, you will undoubtably speak to a number of landlords who have multiple properties. This offers you an opportunity to discuss taking over the management of these properties. The landlord may be unhappy with the level of service and/or convenience their current agent/property manager provides and you can offer your landlords a portfolio review to ensure they are getting market rents and that the property is compliant.
A Hassle-Free Management Transition
Move Lettings can arrange for the properties to be transitioned over from the current management with zero fuss, and will take care of all of the communication and administration. If there are 10 or more rented properties, speak to Move Lettings for an individual Management Takeover package.