The task of looking after a development can be onerous and it is regularly too much for even a willing leaseholder to take on. It can also put the willing leaseholder in awkward positions with neighbours when issues do arise!
This is where we can help. We act as a managing agent on a number of developments and pull all the pieces of the jigsaw together to run the developments.
This starts by collecting the service charge from the leaseholders and putting it into a bank account ring fenced for the development.
We produce a financial budget for each development annualy and the accounts are independently audited. We continually strive for best value and believe we budgets realisticaly. We also include an amount in the budget for a sinking fund. That is simply a savings pot to enable a maintenance programme for costly items of work that are required.
We visit the developments as regularly as is required and ‘get to know’ them.
We have a team of approved contractors that we have been working with for some years who do most of our day to day maintenance and repairs. We carry a tool box and spare light bulbs in our cars when visiting and often fix simple maintenance issues there and then. This save time and saves the costs of getting contractors in.
Often when we do need to get contractors in, we meet them on the development at the same time they are working as we regularly find that we can help solve issues there and then that would require repeat visits otherwise.
We also look after the admin that goes with running the developments. This included the monetary aspects, the company returns and the general communication with all the parties involved.
It is is everyones interest to have a well run development in good repair. We believe we look after each development as though they are our own and that we take a realistic view to balance the needs of all the leaseholders and the freeholder.