Residential Portfolio Management

FSPM has considerable experience in the management of residential property portfolios regardless of size or geographical location, providing landlords with a single point of contact for its management. The obligations placed upon residential landlords are wide ranging but, if breached, can result in criminal prosecution.  The core management services FSPM offers to residential landlords include:
  • Rent collection. FSPM will arrange the prompt collection of all rents and other monies due, remitting all monies collected to the client less any agreed commissions or disbursements and providing a monthly statement detailing all income and expenditure.
  • Rent and Damage deposits. FSPM will collect the agreed deposit from the tenant and, acting as stakeholder, place the same in a designated bank account. The amount of the deposit will be registered with a government approved body.
  • Repairs. FSPM will identify and arrange all routine repairs necessary for the proper maintenance of the property, up to a financial limit set with the client and using properly accredited contractors. FSPM is also able to undertake major works projects, preparing formal specification and following a competitive tendering process. Once a contractor is appointed FSPM can supervise works through to completion.
  • Compliance with Legislation. FSPM will ensure compliance with The Gas Safety (Installation & Use) Regulations 1998, Electrical Equipment (Safety) Regulations 1994 or such amendments or other relevant legislation relevant to the safety of equipment and/or services at the property. The necessary inspections and certification will be arranged via accredited contractors.
  • Credit control. FSPM will take all reasonable steps to ensure rent and other monies are collected. Where appropriateit will seek to agree repayment plans with tenants for the settlement of arrears or, where necessary and in consultation with the client, take the appropriate recovery action.
  • Property inspections. FSPM will ensure that each property is periodically inspected and a pro-forma inspection report completed. Any items of disrepair will be dealt with as soon as practicable and in accordance with the practices outlined above.
  • Payment of outgoings. FSPM will make payment of client outgoings, including for example maintenance costs, utility charges, insurance premiums and ground rents payable in relation to the property. Such payments are usually made from rents received or from a retained "float". Monthly accounts will be provided identifying all income and expenditure incurred.

Latest news

We are continuing to grow 01/10/2019

Those of our clients who had visited our offices will testify that space was a little on the tight side; conducting face to face meetings whilst peering around a monitor was far from ideal, as indeed was having to rotate as to who worked from home on what day to enable us all a share of office time...more

FSPM Property Management Software Update 12/12/2019

 We are excited to announce that we have today signed a 5 year contract with Trace Solutions for the installation of their dedicated TRAMPS property management software...more

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Contact us

Please contact us using the following details, or via our online enquiry form.

Telephone
(01702) 808287
Email
info@fspm.co.uk