As a successful agent, you will realize just how important it is to be able to offer an efficient property management service.
At thatch & co, we recognize that, whilst agencies are often keen to develop the lettings side of their businesses to reinforce their sales’ income, they do not have either the expertise and/or staff to cope with the property management side of lettings.
Over the past couple of years, thatch & co have worked hard to set up an efficient and reliable property management department. We run annually-audited client accounts and have a resource of trusted contractors who can handle property problems, carry out gas and electrical safety checks, and generally manage rental properties. We would like to offer this property-management service to your agency.
On a practical level, this would mean that you find a tenant on behalf of your landlord and set up the tenancy in the usual way. Once the tenants are living in the property, thatch & co would take over the management. We would: |
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Hold the deposit, register it with the TDS (Tenants’ Deposit Scheme) in accordance with the provisions of the Housing Act 2004;
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Receive the rent into our [client] account every month and distribute it to the landlord (less any deductions, including overseas’ tax); |
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Send out statements to landlords;
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Pay quarterly overseas’ tax to HM Revenue & Customs;
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Organize for contractors to carry out work at the property;
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Keep landlords informed of any work required;
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Carry out twice-yearly visits;
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Arrange annual gas safety check;
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Submit annual UK landlords’ return to HM Revenue & Customs;
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Submit annual overseas’ landlords’ return to HM Revenue & Customs.
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Deal with deposit disputes at the end of the tenancy.
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Referencing applicant
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Drawing up tenancy agreements
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Gas and electrical certificates
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Organizing professional cleaning
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Organizing inventories/check ins and check outs
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Non-payment of rent
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Dealing with utility companies and local councils
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Notice to quit |
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Tenancy renewals |
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We would not expect you to give us all your fee! . . . just a [smaller] percentage. We will only charge 5% + VAT of the monthly commission amount.
You take the rest, together with anything else, including commission due on the sale of the property to the tenant!
If this sounds like something that would interest your agency, please contact Anne Thatcher at thatch & co on 020 8670 8000. |
