Block management is essential for maintaining the smooth operation and upkeep of residential properties, estates and apartment buildings. It can ensure these spaces remain functional, safe and pleasant for occupiers while ensuring owners are adhering to legal and regulatory standards.
Our article takes a deep dive into this work and why it is something every landlord or developer should consider using. Continue reading to learn more.
What is block management?
Residential block management involves overseeing the maintenance, administration and compliance of multiple properties. The primary goal is to provide a hassle-free living experience for tenants while protecting the property’s value.
Who needs residential property management?
- Freeholders – Owners of entire residential buildings who need professional assistance to manage their investment
- Leaseholders – Apartment landlords who share communal areas with others and require property maintenance and administration
- Developers – Companies who have developed or are developing new complexes and need specialists to care for them
What services are included in residential block management?
Typically, you can expect a reputable block and estate management provider to assist with the following responsibilities:
- Property maintenance: Regular upkeep of communal areas, such as cleaning, gardening and repairs.
- Financial control: Collecting rent, preparing budgets and managing accounts.
- Legal compliance: Ensuring the building adheres to regulations like health and safety or fire safety.
- Insurance management: Arranging and renewing appropriate policies.
- Occupier communication: Acting as a point of contact for queries and disputes.
- Emergency support: Providing out-of-hours assistance for urgent issues.
How many properties will residential block management firms handle?
You should be able to find a firm that can handle as many residential spaces as you require. However, this will depend on the size of the business you are appointing. Small firms might be able to manage anywhere up to 50 blocks and estates while larger organisations could oversee hundreds.
What are the challenges of self-managing a block or estate?
Owners of multiple properties will usually find that caring for them can be difficult for several reasons:
- Time-intensive – Handling maintenance and repairs requires significant time and effort
- Legal complexity – Keeping up with ever-changing laws and regulations can be overwhelming
- Conflict resolution – Controlling disputes among occupiers can be stressful and hard to mediate
- Financial risks – Mismanagement of funds or failure to collect rental fees can lead to a loss of capital
- Lack of expertise – Without professional knowledge, it may be difficult to identify problems effectively
What are the benefits of residential block and estate management services?
Appointing specialists to care for your spaces offers significant benefits. This includes having direct access to experts, freeing up your time, enhancing cost efficiency and heightening peace of mind.
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How much do block management services cost?
Prices for block management depend on factors like the number of units, the range of services required and your location. Fees are usually calculated per property or taken as a percentage of the annual income.
It is important to view these expenses as an investment that ensures your buildings' smooth running and long-term value.
How do I use residential block management services?
Start by researching providers with strong track records and positive reviews, and request detailed proposals that outline their services and fees. Check that the firm is accredited by professional bodies such as RICS and carefully review terms and conditions.
We believe we could be the ideal block and estate management firm for you. Our experts have the necessary accreditations, are highly rated and have a history of providing reliable property services. Please get in touch to discuss your needs and arrange a free consultation.
Get in touch today if you need block and estate management
With over 180 years of experience, Eddisons is uniquely positioned to handle your residential block and estate management needs. We bring unparalleled expertise across a variety of sectors and offer out-of-office contact numbers to ensure you are always supported.
Please call 0800 051 2593 or complete the form below to learn more about our services. Alternatively, read our news and insights articles to find out more.
