For many landlords, property management can feel like a full-time job. Between tenant queries, maintenance callouts, safety compliance, and keeping up with ever-changing legislation, it’s no surprise that an increasing number of landlords are choosing to outsource the daily running of their portfolios.
At Presence & Co., we’ve seen a clear shift over recent years landlords, who once handled everything themselves, are now turning to fully managed services.
The Pressure on Landlords Today
Being a landlord is a lot more that collecting rent once a month. There are usual tasks of maintaining properties and dealing with general tenant enquiries, but landlords are facing a growing list of legal responsibilities. From electrical to gas safety certificates, the workload has never been higher.
That’s where the appeal of a fully managed service comes in.
What Is a Fully Managed Portfolio?
A fully managed portfolio takes the stress and responsibility off the landlords shoulders. In simple terms, it’s a comprehensive service where a trusted management company takes care of everything, including:
- Tenant Management: sorting out viewing and vetting contracts and renewals.
- Maintenance & Repairs: Arranging contractors, scheduling works and ensuring properties are kept in good condition.
- Compliance: Making sure that the property meets all of the legal requirements like fire safety and electrical inspections.
- Financial Oversight: Collecting rent, handling arrears and providing clear reporting.
Why Landlords Choose To Outsource
Why are landlords handing over the keys to management companies? See below the most common reasons:
- Time is Precious
A lot of landlords are busy with careers, a family or just simply do not have enough time to handle long and complicated tasks. Handing over these responsibilities frees up hours every week that can be better spent elsewhere.
- Stress-free Compliance
With regulations becoming stricter, compliance has become a real challenge. A missed certificate or inspection can lead to fines or legal action. Fully managed portfolios means landlords can rest easy knowing all checks are up to do date and in order.
- Improved Tenant Relationships
Tenants value responsive and reliable services. Having a professional team in place ensures issues are dealt with quickly, keeping tenants happy and reducing turnover.
- Cost Efficiency
Even though outsourcing does come with a fee, landlords can actually save in the long run. Management companies have trusted contractors on hand, reducing the risk of overpriced or poor quality service.
- Scalability
For landlords with multiple properties, managing a portfolio can quickly become over whelming. Outsourcing allows for growth without added workload.
Presence & Co.’s Approach
At Presence & Co., we know that every landlord’s needs are different. Some landlords require complete hands on management, with regular updates and involvement. While others prefer a more hands off approach. Our fully managed service is designed to be flexible, giving landlords confidence that their investments are in safe hands while allowing them to choose how much they want to be involved.
From estates and maintenance to tenant management, our in-house team handles everything under one roof. That means clear communication, efficient processes and a reliable contact for the landlords and tenants.
Landlords are busier than ever and with increasing pressures from compliance, legal requirement and tenant communications, juggling them all can slightly overwhelming. But with Presence & Co., it doesn’t have to.
If you are interested in handing over your keys and enjoy the ease of full time portfolio management, we’d love to hear from you.
