9 June 2022
Investment & Capital Markets, Residential, SHW News
Commercial Property Management and Residential Block Management are widely recognised services offered by SHW. We also offer a well established and dedicated Private Rented Sector Management Department, managing houses, flats and blocks of flats let on Assured Shorthold Tenancies, Regulated Tenancies and Company Lets across England.
SHW recognises the attraction of residential investment, especially with property prices rising and more people renting than in previous generations. We also know that holding such a portfolio is not always straight forward. Letting a property can be a complex business including tax implications, potential void periods, risks of rent arrears and increasing costs of compliance, such as those arising from the recent Fire Safety Act in respect of buildings comprising two or more dwellings. There are also incoming changes to smoke & Carbon Monoxide alarm legislation. Furthermore, the Governments new proposals to drive up the quality of homes for renters by way of a revised Decent Homes Standards could result in further compliance costs for some investors.
Whether you are an investor or a corporate landlord with a portfolio of residential units, we would be pleased to manage your portfolio let on Assured Shorthold Tenancies, Regulated Tenancies and Company Lets, including single units, blocks with common parts, and mixed-use. At SHW we oversee the letting of vacant dwellings, manage the day-to-day running of your portfolio, monitor changes to legislation, guidance, and good practice to keep your personal risk exposure in check, manage rent reviews and collect rental payments. You will benefit from a dedicated client manager to manage your portfolio supported by an experienced team.
Our dedicated Property Managers and assistant property and letting managers’ qualifications include Members of RICS and ARLA Propertymark and we focus on managing in compliance within the Private Rented Sector Code of Practice and providing our clients and their tenants with the best level of service. We also have a highly experienced client accounts department, using software that generates bespoke client reporting.
Having a department solely dedicated to the management of portfolios for clients investing in the Private Rented Sector, SHW manage portfolios ranging in scale from a handful of dwellings through to over 200 units. We currently manage portfolios spread between the South-East across to Cornwall and up to Yorkshire.
Duncan Bannister, Director and Head of SHW’s Private Rented Sector Management Department comments “We have clients whose portfolios were previously managed by several different agents across the country, who are now pleased to have a good rapport with one management team and to receive bespoke comprehensive reporting at a competitive fee”.
Bhavesh Yagnik BSc (hons) MRICS – Head of Property at Day Lewis PLC has stated
“Day Lewis PLC have been very happy with SHW since they took over the management of our residential portfolio in 2014. The PRS department have always provided a professional and high level of service to both Day Lewis and our tenants through quick and efficient communication and their expertise within the industry. This has resulted in high tenant retention and low arrears across the portfolio.”
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