Block Management. What is it? What are the benefits and challenges, and how is it done?

Are you a landlord, or property developer, and finding it hard to keep on top of your legal obligations to your tenants, whilst juggling maintaining communal areas, chasing insurance claims and collecting rent? If the answer is yes, then read on as it sounds like you could benefit from a block management service company.

As the name suggests, block management is the maintenance and management of multiple residential dwellings located in one building. For example, blocks of flats and house with multiple occupants. There are several considerations to think about when you invest in these types of buildings, and the responsibilities as a landlord, can be varied and arduous.

For this reason, often a block management company is employed to ensure that properties are compliant, and that tenants live in safe and secure accommodation. A block management company ensures adherence to such things as fire safety legislations, that communal areas are well maintained, and any building projects are carried out timely, and on budget. They are often the intermediary between you the landlord, and your tenant, which means they are equipped in dealing and communicating with both parties so that a harmonious environment is created and hopefully maintained.

The benefits of using a Block Management Service Company.

Keeping on top of maintaining and managing buildings with multiple residential dwellings can be difficult. The broad spectrum of understanding required; from the legal obligations of fire safety compliance, whilst still knowing a good builder to rectify a leaking roof, often means that landlords, regardless of their experience, employ a Block Management Service to do this.

What does a Block Management Service Company do?

Depending on your requirements, a Block Management Service Company can perform a variety of tasks, some of which are listed below.

• Maintenance and Property Repairs
• Health and Safety Management/Compliance
• Communication between landlord and tenants
• Site visits and inspections
• Insurance and claims management
• Rent collection

Why is it important to you?

If you have other commitments or focuses, and property development – and being a landlord – is something that you do outside of your ‘day job’ – than employing a Block Management Service Company is a sensible decision. They will be able to ensure that your investment is managed correctly, and that you don’t lose money on your assets. They will protect your assets by ensuring that your properties are compliant, and that your tenants are solvent and happy.

At Reka, we know this because it is our day job. It’s what we do and it is our main focus. Why not get in contact today to see how we can work together?

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Reach out to us today by emailing us at   admin@RekaProperty.co.uk or call us on 020 3286 6468 if you’re looking for your next home.