As a landlord, have you ever stopped to ponder the true value of your precious time? We recently conducted a customer survey and uncovered some eye-opening insights. Our Fully Managed Landlords, who trust us with their property management needs, are saving an impressive average of 5.6 hours per month by utilising our services. But that's not all - when we crunched the numbers, we discovered that these landlords are not just saving time, they're also saving a significant amount of money. Let's dive deeper into these findings and explore the cost-saving benefits of professional property management.
Saving Time, Boosting Income:
Most of our landlords are busy professionals who juggle full-time jobs alongside their property portfolios. In fact, our survey revealed that on average, they earn £57,272 per year from their day jobs. Given their hectic schedules, every minute counts. By entrusting us with their property management needs landlords are now able to reduce the hours they spend managing their properties which can often be hard for new landlords like Ian who fell into being a landlord accidentally. Smart landlords have recognised that this newfound time can be directed towards activities that generate more income and help grow their wealth.
Putting a Price on Time:
To truly understand the value of a landlords time, we decided to dig deeper and examine the financial impact. Taking into account their hourly income, we discovered that our fully managed services save our landlords an average of £1,069.92 per year. That's real money back in their pockets. By leveraging our expertise and offloading the time-consuming tasks associated with property management, these smart landlords are not only reaping financial benefits but also reclaiming valuable hours that can be dedicated to their primary sources of income.
Endless Benefits of Professional Property Management:
The advantages of professional property management go far beyond time and money savings. By partnering with us, landlords gain access to a wealth of benefits that contribute to their overall success. Here are just a few:
Peace of mind: Our experienced team takes care of all aspects of property management, from tenant screenings to managing maintenance and repairs. Landlords can rest easy knowing that their investment is in capable hands.
Tenant satisfaction: With our rigorous tenant reference checks and responsive management, we ensure that both landlords and tenants are happy, leading to longer lease agreements and reduced void periods which also adds to the cost saving of using a property management service.
Legal compliance: Keeping up with ever-changing rental laws and regulations can be time-consuming and stressful. Our property management experts are well-versed in these matters and ensure landlords remain compliant, avoiding potential legal pitfalls.
Efficient rent collection: Say goodbye to chasing late payments. We handle all aspects of rent collection and ensure a consistent cash flow for our landlords. What’s more, you and your tenant will have full communication throughout the rent collection process, meaning you’ll always be informed.
Professional network: Our extensive network of trusted contractors and vendors ensures that maintenance issues are promptly addressed, minimising disruptions and maximising tenant satisfaction.
In conclusion, investing in professional property management is a wise decision for landlords seeking to maximise their time, concentrate on income-generating activities, and nurture their wealth growth. Scott's experience exemplifies the transformative power of our services, allowing him to spend more quality time with his young family. Whether it's pursuing personal passions, expanding investment horizons, or focusing on primary careers, professional property management offers the freedom to prioritise what truly matters. If you, like Scott, you're ready to unlock the true value of your time and experience the benefits of professional property management, visit our property management page and get in touch with our team today. Your investment deserves the attention it requires, and we're here to help you achieve success.