The Private Rented Sector (PRS) is growing significantly in the UK as people become less able to afford to buy and with it the emergence of Build to Rent schemes, both private and institutional.
Effective management is front and central to its success and service delivery to tenants is vital. If tenants are happy they are likely to stay longer and to pay more rent and conversely the opposite is true. Today’s tenant needs to feel that they are receiving value for money and a good service. Providing a management service that achieves this aim requires attention to detail and communication.
Brunsfield is adept at striking the right balance between service levels and cost. We believe that significant effort needs to be put into the recruitment of good on-site staff and contractor relationships.
The integration of the service charge management with the unit management and lettings allows the building to be run both more efficiently and more effectively with one team under the same structure able to easily communicate with each other and the tenants. This means creating a strong on-site team who listen to residents and interact with them on a regular basis.
Whether you are an institutional or private investor into the PRS, Brunsfield offers a full management service including:
• Income and cost projections
• Service charge structuring and budgeting
• Rent collection
• Tenant communication strategy and management
• Financial management and statutory compliance
• Client reporting
• Compliance with Health & Safety Legislation
• Contractor management and procurement
• Insurance management
• Employment and management of on-site staff