Landlord Services in Newmarket, Suffolk (3)

Property management companies are agencies that act as a third party between landlords and their tenants in the UK. The aim of having a property management company involved is to ensure that all the properties on their books are maintained to a high standard and any issues dealt with quickly and efficiently.

Roles within a property management company

Property management companies in Newmarket will typically have a range of experienced staff who will have various positions. Here are some of the most common roles within a property management company:

• Property Management Administrator – The administrators are a key member of a property management team and coordinate all the administrative tasks relating to building repairs and maintenance work.

• Property Manager – The managers are responsible for the physical management of the property throughout the period of the tenancy agreement. Property managers will usually work directly with the property owner and be in regular communication to ensure all management tasks are appropriate and efficiently carried out.

• Senior Property Managers – The role of a Senior Property Manager is to deal with a portfolio of their own properties, as well as overseeing the other property managers within the team. Senior managers tend to get involved when bigger or more serious issues arise, and they’ll usually be required to have ARLA qualifications to ensure they are up to date with current legislation and compliance.

Find the best best property management companies in Newmarket

If you’re keen to get started with renting out a property and need a property management company, we can help you find the best local property management services near you – including those who come highly recommended by your neighbours.

You can either use our quick and easy online search to find and contact local property management companies yourself. Or, alternatively, request a quote and we’ll do the legwork for you by reaching out to the best property management specialists near you and we’ll get them to contact you directly.

The primary purpose of a property management company is to act as the liaison between landlords and their tenants. They effectively bridge the gap between landlords who are looking to rent out their properties and people who are searching for a new rental home to live in.

In order to provide the best property management services, they must be up-to-date with current laws and practices around all areas of property management in the UK.

Property management companies typically offer a range of services for landlords and their tenants, including:

• Managing all aspects of the property on behalf of the landlord

• Organising regular maintenance work

• Dealing with emergency repairs

• Collecting rent money service charges and rents from leaseholders and tenants

• Insurance of the building

• Preparing contracts and other paperwork

• Addressing complaints

• Negotiating contracts and rent changes between landlords and tenants

• Advertising and promoting rental properties to find appropriate tenants

Want to speak to property management experts in Newmarket?

Sometimes it helps to have a quick chat with local property management companies to understand what options services they can offer, how they work and how much they’ll cost.

If you’re ready to reach out to local landlord services, you’re in the right place. We can help you find the best property management companies in your area with our quick and easy online search – or request a quote and we’ll get multiple local property management experts to contact you directly.

When it comes to property management in the UK, there are a number of national bodies who are involved in regulating the work and setting guidelines for property management companies.

If you’re looking for professional property management services, here are some of the accreditation to look out for:

• Royal Institution of Chartered Surveyors (RICS) – RICS is one of the leading organisations for the Rules of Conduct surrounding property management in the UK, providing advice for landlords on best practices for managing residential property.

• Association of Residential Managing Agents (ARMA) – ARMA is one of the leading trade associations for residential property management agents in England and Wales and offers an online search tool to help you find local property management companies.

• Association of Residential Letting Agents (ARLA) – Landlords who choose to hire property management companies affiliated and regulated by ARLA will be protected should anything go wrong.

Want to find out more about local landlord property management services?

When planning to rent out a property, it’s important to speak to local property management specialists to understand what’s involved and how much it will cost, should you hire an agency to act on your behalf. Experienced property management companies will be able to advise on the options available and what you’ll need to do.

Keen to get started? Search for the best local property management companies in Newmarket and get in touch with them yourself. Alternatively, you can get multiple quotes from local landlord services by using our request a quote feature – simply post details of what you need and we’ll get reliable local experts to contact you directly.

There are typically three main types of property management fees in the UK: tenant-find only fees, tenant-find + rent collection fees, or full management fees. The type of services that you choose as a landlord will affect how and how much your property management fees are.

Tenant-find only fees

If you just want help finding tenants for your property, you can pay for a tenant-find service that’s charged either as a flat fee (usually roughly the equivalent of one month’s rent for the property) or as a percentage of the value of the entire tenancy contract – often around 6-8%.

Tenant find + rent collection fees

To hire a property management company to find a tenant and collect rent from your tenants each month, you’ll need to pay property management fees of around 8-12% of the monthly rent value.

Full management fees

When you hire a property management company to fully manage a property, as a landlord you can expect to pay them around 10-15% of the monthly rent value – this is often higher in London and other large cities.

Quotes for property management fees

To get accurate property management fees in your area, we always recommend getting at least three quotes from local property management companies near you. By shopping around you can make sure you're paying a fair and competitive price for their services.

Thankfully, our request a quote tool makes getting multiple quotes super easy. Simply post details about the property that you need help with and we’ll send it out to the best local property management services in your area, who will contact you directly. Try it out – it's quick and easy!