Property Management Service London
Landlord Guide & Costs
Like most of our landlords, you'll have peace of mind in the knowledge that someone is available 24 hours a day, seven days a week to handle any property maintenance or emergency issues which may arise. This is especially important if you are too busy or live too far away to deal with such issues yourself. Either way, knowing that you won’t get a call at 3am about a plumbing problem is a wonderful thing.
We take our responsibilities to our landlords seriously. As a property company offering a professional service, we work hard to ensure we retain reliable, happy tenants who pay rent regularly, and respect your property. A part of this means looking after their needs.
Our property management team will make sure your property is well-looked after. They will also make sure your tenants are familiar with everything there is to know about your property, while handling any day-to-day issues and are experienced at resolving any complex issues that may arise.
We’ve established a network of trusted local contractors who, because of the volume of work we supply them, carry out any work promptly, to a high-quality standard, and for a fair fee.
No Hidden Fees
We understand that one of the things that irritate landlords is a constant string of unforeseen fees! With Red Bear, the fees we quote are the fees you pay. No additional ‘agreement fee’, fees for drawing up the tenancy, check in/out fees, inventory fees, overseas admin fees – they’re all included in our simple fee structure:
Any other optional extras are listed below:
We understand that one of the things that irritate landlords is a constant string of unforeseen fees! With Red Bear, the fees we quote are the fees you pay. No additional ‘agreement fee’, fees for drawing up the tenancy, check in/out fees, inventory fees, overseas admin fees – they’re all included in our simple fee structure:
- Managed properties: 15.6% (13% + VAT) plus £500 float for minor maintenance
- Let only: 9.6% (8% + VAT)
Any other optional extras are listed below:
Gold Standard Service | Property Management Service | |
|---|---|---|
| Arrange energy performance certificate (EPC) | optional: £84 inc vat | |
| Professional photography & floorplan | ||
| Extensive marketing on our own website, on Rightmove, Zoopla & Primelocation | ||
| Accompany viewings | ||
| Provide regular feedback | ||
| Informal, no-obligation “meet the tenants” approval meeting | ||
| Extensive reference checks including affordability & credit checks & credit score | ||
| Prepare tenancy agreement | ||
| Take advance rent & deposit | ||
| Prepare inventory | ||
| Check-in tenant | ||
| Gas safety check | ||
| Standing order set up for rental payments, Direct card debit for managed properties | ||
| Gas, electricity, water & council tax notified | ||
| Register tenant’s deposit | optional at £30 inc vat (we will do this automatically for you if we don’t receive confirmation from you that you have done so) | |
| Review rent annually | ||
| Ongoing customer support | ||
| Collect rent – pay you by BACS | ||
| Monthly e-statements | ||
| Handle any maintenance and repairs | ||
| Manage repairs with tenants and contractors | ||
| Administer overseas tax (NRL Scheme) | ||
| Arrange annual gas checks | Reminder sent to landlord | £120 inc vat |
| Deal with Block Management companies on your behalf; pay service charges, ground rent | ||
| Dedicated management team is the only point of contact for tenants | ||
| Regular property inspections using thorough 50-point check-list | ||
| End of tenancy check out | ||
Renewal Fees
Unlike some agents, we’re upfront about our costs for renewing a tenancy (when existing tenants decide to stay beyond the initial term of the tenancy).
And unlike some agents, who charge the initial rental fee all over again, we charge just 4.8% (4% + VAT).
Example: a tenancy of £1000pcm, renewed for 12 months, costs just £480 + VAT = £576.
Unlike some agents, we’re upfront about our costs for renewing a tenancy (when existing tenants decide to stay beyond the initial term of the tenancy).
And unlike some agents, who charge the initial rental fee all over again, we charge just 4.8% (4% + VAT).
Example: a tenancy of £1000pcm, renewed for 12 months, costs just £480 + VAT = £576.