Tips for residential block management

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Being in charge of a block of residential flats is very much similar to being in charge of a business. More precisely, you have to be dedicated to the job, not to mention that without the right knowledge and skills, you don’t succeed. Managing residential blocks of flats is anything but easy. You can prevent some problems, but you can’t avoid unpleasant surprises.  No matter if you area managing agent or flat owner, you will certainly find these tips useful. So, read carefully.

Use property management software

Property software for block management is designed keeping in mind the real estate world. Software programs of this kind are meant to help people like you get things done in a professional fashion. And quite fast. With the operating system, you can take care of all aspects of block management, such as but not limited to:

  • Preparation of budgets and annual accounts
  • Collect rent
  • Automate everyday tasks
  • Maintain control over repairs

As you can see, using property software for block management is nothing but beneficial. If you’re interested in increasing your profit margins, you should think about acquiring such a program. If you want, you can use MUS Ltd – Property Management Software. Just think about it.

Maintain effective communication

The key to successfully manage a residential property is to maintain effective communication. What you have to do is get in touch with clients as often as you can. Sure, this will take up your time, but it the only way that you can grow your portfolio. You have the opportunity to make residents’ lives better and you need to take advantage of it. By making their lives better, you make your life better. Happy clients will speak highly of you to others. Plus, maintaining relationships allows you to see who you’re dealing with.  

Save money on building insurance

Buying insurance is essential when you are running a block of residential flats, as you need to protect yourself in the case of financial losses. You’ll be happy to hear that there is a way to save money on building insurance. The best thing you ca do is to prevent internal and external damage. With regards to internal damage, you can look at the pipes to see if they are insulated, check the water appliances, and teach tenants how to turn off water in the case of an unfortunate event. As for external damage, it’s necessary to check the drains and the pipes.

Manage your schedule

If you aren’t an organised person, chances are that you’re unproductive. The god news is that you can change all that. You should begin with creating routines. Regardless of what is it that you have to do, design a plan and stick to it. Another thing to do is optimize your time. Don’t let meetings run too long and keep phone conversations short. After all, you don’t have all the time in the world. Learning to be organised and managing your schedule will do you a world of good.


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