Managing Residential property

Ensuring that your property is a good investment, which lets easily, well occupied, suffering minimal voids is not simply a question of choosing a good location at purchase but also a matter of good judgment in managing the property. For instance, judgment is required in a decision whether the property is worth letting or selling.

Minimizing risk of non-payment of rent

Check rent paying histories of tenants during the vetting process. Check credit worthiness of tenants to ensure stability in portfolio management. It is also advisable to insure against non -payment of rent.


Anticipate voids in tenancy
Forward planning is of enormous benefit to residential property portfolio holders and to private landlords who are dependent on the rental income to meet loan repayment. The lease should have a clause that ensures that tenants give sufficient notice of termination of tenancy


Beware of health and safety liability
A private investor has a duty of care to anyone going into the property, a property thus must be risk assessed. Common water supply particularly for a block of flats should be inspected and procedures put in place to avoid chances of contamination.

Managing Commercial Property

For long and healthy business relationship, it is crucial that a commercial landlord understands what a tenant needs from a property. If the landlord gets the relationship working well, the building is maintained according to the provisions of the lease and the tenant pays rent on time, both parties will enjoy the working relationship and will want to renew.

Securing the income stream
Private investors managing portfolios know the significance of regular rental income. Be prepared to chase the tenant to have the rent paid. If the income stream is in jeopardy, try to get dialogue going.

Understanding Commercial rent review
Commercial properties are usually let with an established income stream, with leases offering regular- usually 6 yearly- rent reviews. This can provide the landlord the opportunity to bring the rent up to open market level.

Minimizing the costs of voids
Make sufficient provision for void costs because it often takes longer than you expect to let space. Tell insurers when the property becomes vacant and this could save on insurance costs.

Responsiveness is key to successful investment

The basic parameters of the relationship between landlord and tenant are set out in the lease, ensuring that the relationship remains open and harmonious is however the role of the managing agent.