Case Study – Property Management
Client is an owner of 5 properties and runs 2 businesses, he was looking for a new company to take control of and maximise his portfolio through effective management.
Issue we solved
- Long standing maintenance issues.
- Tenant churn/low tenant retention.
- 20% of annual rental income had been unpaid by end of the financial year
- Lack of time and resource.
Our Approch
- Foundation – Introductory visits to all properties to establish tenant relationships.
- Re active plan – drew a project plan to get all level 1 maintenance issues fixed within 2-4 weeks and post works recovered 100% of un paid rental income.
- Pro Active Plan – Routine Inspections to continuously provide strong foundations for both tenant relationship and property maintenance.
- Rental Return – Upon renewals we increased rents by 5% across the portfolio, aligning it with localised rental supply and demand.
Return on Investment
- Increased rental returns by 5%
- Increased total profit in second year of trading with us by 14%
Maintenance
Decreased outgoing maintenance costs by 38%
%25
Improved tenant retention
We’d Love to Help You With Your Next Property
Client Testimonial
I never thought the solution to making more money would be to invest more into my portfolio, and it was! R&CO Property have made my portfolio so efficient it has not only increased my profits but more importantly it has bought me time to focus on my other ventures. The team at R&CO outlined a plan that demonstrated they took my business seriously and have delivered every step of the way.
We’d Love to Help You With Your Next Property
Contact
+44 (0) 20 3582 0556
58 Acacia Road
London
NW8 6AG
info@rcoproperty.com