Sunday 4 December 2016

Key Questions to Ask A Management Agent before Hiring One

Just a few important questions that you ask the management agents in docklands would clearly make you understand the difference between one management company and the other. What is surprising is that even the most seasoned of property owners fail to ask this important question when trying to hire a management agent. Let’s look at few of those important questions which would ensure you the best deal.


Does the management agent receive sales commissions on the insurance premiums? 


Generally the agents receive a sales commission on the insurance premiums that they manage for flats under them. The lease holder typically has no say in that. Thus the chances are that the broker may look after his personal interest over the lease holders and may opt for that brand which offers him the largest chunk of commission. This may mean a much higher premium for the leaseholder than required with much less benefits. Try opting for that agent who facilitates the leaseholder to decide on the insurance company and possibly zero to nominal commissions.

Who decides on the contractors to work on your blocks?

Like insurance, several contractors also pay these agents a commission to get the work to do on the property under the agent. Thus agents again give in to their greed. Sometimes, these agents also sub-contract to companies known to them. You can even find the whole gang operating from the same room. This must be strictly avoided and leaseholders must ensure that they have complete freedom to select the contractor based on the competitiveness of the quote and quality of service provided instead of the commission.

How many additional charges would be levied?

Another way in which these agents try getting an income for themselves is through a charge of so called 'disbursements' and admin fees. Its best to ask pointed questions before hiring them and understand their charges for such routine admin and management work. A good agent would not have such charges as these are included in his fees since these actually are a part of his duty.
A little investigation would help you find an authentic agent and save much of your hassles.

Property Management Provides Peace of Mind

Even though real estate is a lucrative investment but it poses number of challenges as well in managing tenants, repairs and any other such related issues. The issue takes a more serious turn for owners residing in another state or having a separate full time job apart from the real estate investments. The situation can be brought under control and peace of mind obtained by hiring a Canvey Island property management company. These companies provide numerous benefits to the landlord like:-



Higher quality tenants
Any property owner would agree that it’s better to have no tenants than a bad tenant. Even if you are present on the scene, you may lack the eye to spot the bad apples. However, these companies due to their experience and training can easily spot any potential troublesome tenant while reviewing their paperwork and show them the door at that point itself. Thus your chances of getting a high quality tenant goes remarkably higher and you get both profitability and security.

Acting as the point of contact
Property management companies acts as the perfect point of contact between you and the tenant. Both sides’ issues and concerns are showcase and resolved in the most diplomatic and profitable yet fair way by it which makes both parties happy and satisfied.

Ensures fulfillment of aims of both sides
The management company has a very crucial role to play in the after-service arena. Since these companies’ fees are deducted from the monthly rent, they ensure that the rents get paid on time and take the best course of action in scenario of any delay. Simultaneously, they are always available to address any genuine concerns of the tenants which keep them happy and satisfied. Due to high tenant satisfaction, the chances of the tenant shifting decreases and they get more willing to pay slight increase in the rent periodically. Thus both sides get extremely happy.
Real estate investment can lead to a wealth creation and cash-flow but the day-to-day management can be quite cumbersome. However, everything becomes a smooth walk once a property management company is hired to take care of your property.

Benefits of using Top Real Estate Agents

Whether you wish to buy a house or sell off any property, real estate agents would be your best bet in getting you the most profitable deal. However many do not realize their importance and benefits and try to clinch deal without them. For the unawares, we try to highlight the benefits of E14 estate agents:-




Excellent communication and negotiation skills
Excellent communication and negotiation skills are two most important requirements in any property deal. The real estate agent has plenty of prior experience in this. For you, it may be a first time experience but he had done it numerous times before your deal and knows all the tips and tricks of the trade. With his skill and knowledge, you can be assured of the best deal procured for you.
Experienced marketers in both fast and slow markets
Marketing your property in the right way will attract more buyers and the probability of you getting a premium price on it increases significantly. Real estate agents with due experience of marketing in all kind of market situations are able to explain and adopt different marketing approaches and advise on the best course of action in the circumstances present at that time.
Agents are perfect buffers
Agents can effectively filter out all spam property showings and visits. As a buyer, the agent can take a hard stance and keep the seller’s agent from biting or nipping at your heels. As a seller, your agent can filter out spam phone calls and induce serious buyers to immediately write an offer.
They have a team supporting them
Most real estate agents have a small team backing them like a PA, admin assistant, buyers agents etc. He is also well connected to other agents of the locality. Thus he can get numerous things done and iron out plenty of obstacles to expedite a smooth sale. For instance, the preparation of legal papers, taking care of taxations etc. are well take care of him. Every sales statistics point out that an agent helps you get the best property deal, both buying and selling. Thus, they must never be ruled out.