Why Landlords should hire a Retirement Property Management Service

Perhaps more than any other kind of property management, managing a retirement development requires you to be quick on your feet and constantly available. But if you find yourself short on time or simply need a helping hand with the day-to-day running of your development, a retirement property management service could be the answer.

If you want help maintaining your property, and keeping your residents happy, here’s how a retirement property management service can help you:

Easier rental collection

One of the most challenging parts of property management is ensuring that rent is collected on time. Even the most reliable of tenants can be guilty of failing to pay their rent from time to time! Ensuring that rent is collected on time is a job that requires a delicate but firm hand, a balance that a lot of people might find difficult to strike. Thankfully, a retirement property manager will be adept at how to handle a late paying tenant, saving you the trouble of getting into an awkward conversation with owners!

Time-saving

Managing a retirement property is time-consuming work. As well as keeping up with maintenance and repairs, you are also entrusted to be a point of contact to retirement homeowners, who often need 24/7 care! However, a retirement property management company can free up your time by taking over the day-to-day running of your development. This is a big helping hand if you need to free up your time for other development ventures.

Support with finding tenants

Do you want to make your retirement development more visible to potential buyers? With an in-depth knowledge of the retirement market, we at Churchill Estate Management can ensure your retirement development is seen by the right people. Taking on the tough task of screening and checking your tenant applications, we make sure you get matched with the best possible tenants, saving you a lot of trouble in the long-run!

Help with legal requirements

If you are not well-versed in property management law, a retirement property management company could give you the peace of mind you need. Keeping up-to-date with the latest health and safety regulations, property managers are experts in how to keep your building compliant, with years of experience on their side! So if you are ever unsure about how to proceed in a certain situation, your retirement property management company will always be on hand to help.

Provides a point of contact

Not everyone is naturally gifted with great communication and customer service skills. But with a retirement property management company, you can put these responsibilities on someone else’s shoulders! A good property manager will have a friendly and accommodating presence, and should be able meet the needs of your retired tenants with ease. Property managers are also available at a moment’s notice in the case of an emergency, resulting in much happier owners!

Maintenance and property inspections

No matter how good the condition of your property, there’s always the chance that something can go wrong. One of the biggest perks of a retirement property management company is that you don’t have to worry about sorting out any repairs or fixes yourself! With regular inspections to ensure your property is always in tip top shape, you’ll save the hassle of being called in spontaneously for a faulty appliance.

 

At Churchill Estate Management, we know that the job of managing a retirement development can be overwhelming. That is why we offer a comprehensive property management service, including support with maintenance, rental collection and finding quality tenants. Find out more about our services here.