The rental market in Manchester is seeing strong growth, with a year-on-year increase of 13% as of June 2023, making it the highest in England outside of London. Rental prices in the city, particularly for luxury apartments, are rising across all property types. This is largely due to a shortage of housing supply compared to demand, which has created favorable conditions for landlords. Experts predict continued growth, making now an opportune time to invest in Manchester rental properties.
If you’re a property owner or landlord in Manchester, you should be considering a property management company due to the increasing complexity of rental regulations, time constraints, and the demand for a more professional approach to property maintenance and tenant management.
Saving Time: We handle daily tasks like tenant communication, rent collection, and maintenance, freeing up landlords to focus on other priorities.
Maximising Profits: Through efficient rent pricing, timely maintenance, and reducing tenant turnover, we help our clients achieve steady income above market averages.
Reassurance: With our expertise in legal compliance and property management, our clients can have peace of mind knowing their investment is well-protected.
Maximise your profits
One of the key ways we as a property management company can maximise profits is by optimising rent pricing. We understand the local market and can set competitive rent levels that attract high-quality tenants, while ensuring that our clients are getting the best return on their investment.
In addition, by maintaining the property and handling repairs promptly, we help avoid costly long-term damage. We also focus on tenant retention by ensuring tenants are satisfied, thus reducing vacancies and the associated costs of re-advertising and re-letting a property.
Legal compliance
Legal compliance is another area where property managers shine. The rental market has become increasingly regulated in the U.K., with landlords and property owners needing to stay updated on numerous laws surrounding health and safety, tenant deposits, and eviction procedures. Your property management company will ensure that everything is handled legally, reducing the risk of fines or legal disputes.
Your peace of mind
Finally, there’s the peace of mind that comes from knowing your property is in good hands. For landlords, especially those with multiple properties or those living far from their rental units, it can be a huge relief to have professionals managing the day-to-day operations. As property managers, we provide regular updates, handle emergencies, and ensure that both the property and tenants are looked after.
A reliable property management company is more than just a service – they’re a partner in ensuring the long-term success and profitability of your property investment. From handling maintenance to ensuring legal compliance, they take the stress out of property management, allowing landlords to focus on growing their portfolios or simply enjoying the passive income their property generates.
If you own property in Manchester and would like to find out more about our property management services, check out our website today.
