Property Management Fees
At BRH Property Management, we understand that property owners want clear and transparent property management fees. Below is a guide to help you understand what you’re paying for and why our 12% fee for full management services is worth it.
What’s Included in Our Property Management Fee
When you choose BRH Property Management, our fee covers a comprehensive range of services that cater to your needs as a landlord. Our full management services include the following:
- Property marketing: We’ll advertise your property to attract high-quality tenants, minimising vacancy rates.
- Tenant screening: We conduct thorough background checks to ensure you have reliable and trustworthy tenants.
- Rent collection: We’ll handle rent collection and ensure timely payments are received.
- Property inspections: Regular inspections help maintain and enhance the value of your property.
- Maintenance and repairs: We take care of any maintenance issues and coordinate repairs with our trusted network of contractors.
- Legal compliance: We’ll help you navigate complex legal and regulatory frameworks, ensuring you stay compliant.
- Transparent communication: You’ll receive regular updates and reports, so you always know what’s happening with your property.
Why Choose BRH Property Management?
As a property owner and landlord, we understand that you are entrusting us with your investment. Here’s why choosing BRH Property Management is the best decision you can make:
- Local expertise: As an independent, ethical property management company based in London, we have extensive knowledge of the London, Brighton, and Surrey property markets.
- Proactive approach: We’re always one step ahead, anticipating and addressing potential issues before they become major problems.
- Customised service: Our services are tailored to your specific needs and goals, ensuring your properties are managed efficiently and effectively.
- Transparent pricing: Our 12% property management fee includes all the above services with no hidden costs or surprises.
How Our Fees Compare to Other Property Management Companies
Regarding property management fees, it’s essential to compare what you’re getting for your money. While some companies may charge lower fees, they may not offer the same level of service or expertise as BRH Property Management. You must consider the cost of any ongoing expenses, not just the monthly management fee. Services such as certifications or routine maintenance are unavoidable expenses for a landlord. So if you are repeatedly paying over the odds for these, they will have an impact on the return of your rental property
Making the Most of Your Investment with BRH Property Management
Choosing the right property management company can make a significant difference in the success of your investment. By selecting BRH Property Management, you’re partnering with a company that values professionalism, expertise, and a proactive approach. Our company ensures you receive bespoke services that maximise your return on investment, maintain and enhance the value of your properties, and save you time and effort.
Ready to experience the difference that BRH Property Management can make for your property portfolio? Get in touch with us today to discuss your property management needs.
Typically, rental property owners can count property management fees as tax-deductible operating costs. However, tax laws differ everywhere and can vary between countries or regions. As such, it is always recommended to seek the expertise of a tax professional or accountant familiar with your locale. This guide might be helpful for a comprehensive understanding of how these fees apply to your tax situation.
The property management fee generally encompasses the routine operations associated with managing a property. These tasks include property marketing to attract quality tenants, screening potential tenants, managing rent collection, conducting regular property inspections, addressing maintenance and repair concerns, ensuring legal compliance, and providing transparent communication. However, the range of services may differ depending on the agreement with the property management company. To learn about the extensive list of services included in our property management fee at BRH Property, please visit our full management services page.
Certain property management firms might place charges on tenants under specific circumstances, like late payment of rent or infractions beyond the stipulations of the security deposit. At BRH Property, we don’t impose additional fees for late payments. However, if damages are incurred that surpass the value of the security deposit, tenants may be responsible for these costs. This policy is outlined in detail within the lease agreement.
The practice of charging fees during vacancies can vary among property management companies and largely depends on the terms of the contract between the property owner and the management company. However, at BRH Property, we have a policy of not charging any fees during periods when the property is vacant.