Managing your property portfolio can be troublesome. You may have several properties in your portfolio, each with a different managing agent, perhaps your properties are spread across the country or you have a mix of HMO’s and investment properties.
When it comes to maximizing your rental income, ultimately, one of the most crucial factors – legislation aside – is tenant retention and loyalty along with knowing that your property agent (and tenants) as passionate about your property as you are.
One of the most effective ways to grow tenant loyalty and improve an overall living experience is by focussing on residents’ experience.
The aftercare of your tenant has an impact on both the duration of tenancy and quality of resident, both of which directly impact your rental income.
This is where the local knowledge and professionalism of your property managers become invaluable along with the ability to strike the correct balance between tenant welfare and the highest levels of landlord satisfaction.
Property Consolidation Schemes
If your properties are not managed by one agent there are some benefits you could be missing out on and a property consolidation scheme could be worth considering.
The unique company structure at X1 Lettings across our Lettings, Finance, Property & Block Management teams provide our landlords and tenants with one dedicated point of contact ensuring two-way communication and concise updates helping to raise the value of your portfolio through streamlined management.
Not only does having a single point of contact help to save you time but it also acts as a way to raise the value of your portfolio.
Our industry qualified team here at X1 Lettings focuses on resident welfare along with ensuring properties under our management remain compliant with legislation.
There are over 150 pieces of legislation, some of which must be complied with before a tenant can begin occupation of a new property and you must remain compliant with these at all times to avoid penalties.
Along with having one sole point of contact, through using one management agency, you can rest assured knowing that your portfolio is being handed with equal levels of professional diligence.
X1 Property Management
With over 15 years in property management experience, our team are experts in both residential and student property management and have operations in Liverpool, Manchester, Leeds and Kent.
Within the industry, we have built a strong reputation for our award-winning services and the highest standards of aftercare.
The team at X1 put our residents and landlords at the heart of everything we do and our client-led services ensure we can successfully strike the balance between tenant welfare and maximizing our landlords’ return on investment.
We pride ourselves on the continued high levels of demand for our properties which result in high levels of resident satisfaction, leading tenant retention rates and shorter periods of vacancy
Find out more
If you would like to hear further information on our how property management and Property Consolidation Scheme would work for you, get in touch with me today
Our team can help to manage the switch for you, keeping you updated every step of the way and we are delighted to offer three months free management to Property Notify clients at this time.
Contact us quoting ‘Property Notify’ and I will be happy to discuss how we can help you maximise your rental income.
firstname.lastname@example.org / 0151 559 3333
The key to maximizing your return on investment is simple.
Invest in your property management company.