What does a property manager do?

As a landlord, when you let a rental property using a lettings agency, such as WhiteKnights, you will be asked which type of service that your require. Typically with most letting agents, there are 3 different types of service to choose from:

  • Tenant Find or Let Only Service
  • Tenants Find with Rent Collection Service
  • Tenant Find with Full Property Management Service

It is also possible to engage the full property management service if you already have a tenancy running - perhaps your circumstances have changed and you are no longer able to manage the rental property yourself, perhaps you’ve found it too difficult or time-consuming or maybe you have been unhappy with another agency and wish to change your property manager.

It's easy to undervalue what a professional property manager can do for you as a landlord, but they really are the best people to know the local housing market and what tenants want from a rental property. This priceless knowledge can help you get the most out of your rental property and maintain it’s condition and ultimate value. Hiring a property manager has many benefits, such as finding good tenants quickly, not having to worry about the ever-changing laws covering the private rental sector, providing you with a top-notch water-tight tenancy agreement, negotiating the best rental price and any on-going rent increases throughout the tenancy, and making sure your investment property is in great shape for the best returns and capital growth.

Here are just some of the jobs that our WhiteKnights property managers will take care of for fully-managed landlords in Reading, Woodley, Earley, Spencers Wood, Tilehurst and all of the nearby towns and villages in Berkshire:

  • Settling your tenants into their new home and being on-hand to answer or find out the answer to any queries they have during this time.
  • Providing absolute peace of mind with our Rent Guarantee Insurance and Legal Protection Policy (Premium Service Only)
  • Collection of your rent, speedy payment system and thorough arrears process (if necessary)
  • Payment of certain regular outgoing such as service charges
  • Regular property visits (3 month after move-in and 6 monthly thereafter) to monitor how the tenancy is running and overview of property
  • Coordinating and overseeing maintenance
  • Negotiating renewal contracts and rent reviews
  • Organising end of tenancy arrangements and deposit allocation (where applicable)
  • Emergency contact
  • Honest and knowledgeable advice on-hand regarding your property and the rental market

Why should landlords use a property manager?

A good property manager will tell you about all the current safety laws and help you schedule the inspections you need to make sure your property is safe and in compliance with over 170 pieces of legislation. A licenced property manager will have the right qualifications in place and will work hard to keep landlords up to date on any changes as they happen. With one of the biggest changes to the private rental system in 30 years on the horizon (Renters Reform Bill), it is very likely that landlords will be required to use the services of a qualified property manager or become qualified themselves to a certain standard.

To find out more about the different types of management service we offer our landlords at WhiteKnights please contact us.