WE LOOK AFTER YOUR PROPERTY THE WAY WE LOOK AFTER OUR OWN
As a local and privately operated business in North London, REKA Property Management Ltd focuses on delivering excellent customer service, because we are not just a letting agent.
We’re landlords who combine our love of property, local knowledge and bespoke service to provide our clients with solid rental returns and peace of mind.
We use our professional skills and the latest technology to find you quality tenants, minimise vacancies and handle marketing, repairs, maintenance, accounting and legal compliance efficiently and cost-effectively.
The result… an increased return on your investment with minimum fuss and increased peace of mind.
'REKA have managed my property for over 5 years. I have not had any voids during this period and the tenants sourced by REKA are of the highest quality. The low cost and low management overhead means that as a landlord I can focus on effectively managing my property portfolio.' - R Longdon (Bank of Ameria Merrill Lynch)
OUR SERVICE TO YOU
There is much more to property management than just collecting the rent. Because we are as passionate about property as you, our bespoke service is designed to maximise your investment.
Here are our stress-free property management services that we provide:
Accurate Rental Appraisal: A realistic rental valuation is essential to ensure you get the best financial return on your property. Our valuation process takes into account similar comparable properties and rental Market trends, which may affect your property.
Effective Marketing: we market your property to a wide range of potential tenants using:
- Relevant property rental websites
- Listings on our website
- Our extensive database of prospective tenants
- Prominent property signage
- Advertising in major newspapers or local newspapers, where appropriate
- Property open for inspections
Screening Potential Tenants: We adopt a rigorous screening process, which aims to obtain the best possible tenant for your property. If at any stage of the process the applicant does not meet our eligibility criteria, their application is immediately declined. This includes:
- A detailed application form, to help us establish current and previous tenancy and employment history
- Interviewing the potential tenant to ensure they are suitable for your property
- Calling their business, personal and prior landlord references
- Contact you to discuss the application based on its merits
The final choice of the tenant is your decision
Tenancy Agreement Preparation: Once the tenant has been approved, we prepare the Tenancy Agreement and lodge the Bond on your behalf. We check the documentation to ensure that your legal rights are protected.
Rental Collection: we collect rent on your behalf and promptly deposit your money into your account. We send you a monthly Rent Statement detailing all rent collected and disbursements paid.
System to Control Arrears: We review arrears daily and have a system of regular contact with tenants to ensure they pay their rent on time. If they fail to pay after five days, we issue an arrears notice letter, which usually brings prompt payment. If rent is not paid within ten days, then our communication to the tenant is escalated.
Property Inspections: We provide timely programmed proactive maintenance service. This means we do ongoing maintenance inspections and notify you of upcoming routine maintenance issues. This keeps your maintenance costs down by reducing the number of last-minute emergency repairs your property may have and ensures your property is well looked after and gets top rental returns.
Repairs and Maintenance: We organise maintenance and repair quotes and act according to your instructions. We manage and pay for tradespeople on your behalf and provide full details on your monthly Rent Statement along with the invoices.
Solve Disputes with Tenants: In the unlikely case that there are disputes with your tenants, we act on your behalf to quickly solve the issue… with professionalism, experience and tact.
Informed Communication: We understand how frustrating it can be to have poor customer service from agents. That is why we provide regular communication to keep you informed and up-to-date.
OUR HMO MANAGEMENT SERVICE
Our property management service includes a bespoke HMO Management service. This service manages the nature of short-term tenancy periods of HMO properties, with a focus on finding the right tenants, tenant referencing, arranging multiple tenancy agreement contracts, as well as the repairs and maintenance management, to ensure your tenants are satisfied and your HMO meets compliance regulations.
Our specialty is everything HMO related. In fact, we do the whole process for HMO’s… “We Plan, Develop, Setup and Manage HMOs.” Our HMO Management service combines our unique HMO expertise with our personal experience of being landlords ourselves.
OUR LOW FEES
We keep our fees low because we are a web-based agency and have fewer management layers and less overhead costs. This means we pass the savings to landlords and tenants.
Plus, we only charge a management fee and letting fee, unlike other agencies who also charge an administration fee. Our management fee is 5%, our let only fee is 4%, and our HMO management fee is 10%.
Also, we don’t charge any agency fees or contract renewal fees for tenants. This means we attract high-quality tenants.
Our objective is to help our clients achieve financial freedom and have a better lifestyle through peace of mind and solid rental returns on their investment property.