Owning a rental property can be a rewarding investment, but ensuring you achieve the maximum return on your investment isn’t always straightforward. This is where a professional property management company like Northern Group steps in, offering expertise, hassle free convenience, and value to landlords. In this blog, we’ll explore how property management services can help you not only save time but also maximise your rental income, reduce stress, and protect your investment.
Getting the Right Rent
One of the most critical aspects of renting out a property is determining the right rental price. Overprice, and you may struggle to find tenants; under price, and you’re not making the most of the returns on your investment. Property management companies, like us, have access to detailed market data and expertise to set competitive yet profitable rental rates that attract quality tenants while maximising your income.
Reducing Vacant Periods
Every day your property remains vacant is a loss of income. At Northern Group, we have a marketing team that ensure your property is advertised effectively, using high-quality photography, videography, and advanced tools like Giraffe360 to showcase your property in its best light, including 360 virtual tours of the properties and even highlighting the best parts of living in the area of where your property is located. We promote every Landlord property as if it were our own, and our strong social media presence, SEO optimisation, and listing on trusted platforms such as Rightmove, OnTheMarket and LovetoRent to ensure we can reach the widest audience and enhance online visibility. We combine innovative marketing strategies with our local expertise to ensure your property is rented quickly and efficiently.
Attracting and Retaining Quality Tenants
The right tenants can make all the difference in your landlord experience. Professional property management companies screen tenants thoroughly, conducting credit checks, reference checks, and affordability assessments to ensure reliability and long-term tenancy. At Northern Group, we take care of the entire tenant referencing process, as well as the full management of your property. Our lettings team handles all property viewings, meeting prospective tenants to ensure they are a good fit for the property and fully happy with it. Happy tenants are more likely to renew their leases and treat the property with care, saving you from frequent turnover and additional costs.
Efficient Property Maintenance
Maintenance issues can arise at any time and addressing them promptly is essential to keep your property in good condition and your tenants satisfied. Northern Group’s in-house team of skilled professionals handles repairs and maintenance efficiently, often at lower costs than independent contractors. Proactive maintenance also helps prevent costly repairs in the future.
Legal Compliance and Peace of Mind
Navigating the ever-changing landscape of rental laws and regulations can be daunting. A property management company ensures your property complies with all local and national regulations, from health and safety standards to tenancy agreements. This not only protects you from potential legal issues but also gives you peace of mind. At Northern Group, we pride ourselves on our industry expertise and our commitment to keeping landlords informed. We provide regular updates on legislative and regulatory changes, including detailed quarterly email updates to ensure you stay compliant and well-informed. If you ever have questions or need to discuss specific concerns, our dedicated team is always on hand to provide guidance and work with you to address any issues.
Minimising Costs Through Efficient Management
Property Management professionals can negotiate competitive rates with service providers! Meaning reduced utility expenses and identify cost-saving opportunities for your property or properties. At Northern Group, we offer full property management for 7.5%+VAT with no hidden fees, you know exactly what you’re paying for with our transparent and competitive pricing.
Maximising Long-Term Value
A well-maintained property not only retains its value but often appreciates over time. By ensuring your property is managed to the highest standards, a property management company helps protect and enhance your investment for the future.
Why Choose Northern Group?
We are a passionate team of ARLA-accredited property professionals that have over 20 years’ experience. Based in Manchester, we are an owner, developer, and manager of residential, commercial, and mixed-use property. Whether you own just one property or are a seasoned investor, you can trust us to let and manage your properties as we would our own. While we’re based in the heart of Ancoats, our property management services extend across Greater Manchester, not just within Manchester City Centre. We proudly manage properties in areas such as Stockport, Chorlton, Didsbury, Rusholme, Bolton, and Miles Platting. In fact, we’re one of the only licensed agents for Miles Platting approved by Manchester City Council, ensuring the highest standards of service and compliance.
Northern Group can offer unmatched property management expertise and local market knowledge for only 7.5% + VAT with no hidden costs. This includes full management including advertising, conducting viewings, and vetting potential tenants through to maintenance, we make the process as seamless as possible while maximising the returns on your investment. Let Northern Group take the hassle out of property management while helping you achieve the best returns on your investment.
To find out more about our landlord services visit here: https://www.northerngroup.co.uk/landlord-services/
Or, if you’d like to speak to a member of our property management team, contact us for an initial conversation:
0161 974 3232
enquiries@northerngroup.co.uk
We are more than a Lettings Agent. We do more.