Managing Agents

Is a Managing Agent Right For You?

Advantages

  • Professional Agents bring an organised approach to the planning and collection of service charges and reserve funds, timetables for redecoration and repairs and inspection and supervision of works.
  • Professional Agents bring an independent objective assessment of building repairs required.
  • Professional Agents may handle administrative functions more efficiently and effectively through better facilities for retrieving and storing information and knowledge of accountancy procedures.
  • Issues and disputes can be dealt with impartially and objectively.
  • Managing properties is a full-time business and a professional agent will have all the essential infrastructure including IT software, accountancy packages and access to lawyers, surveyors and other professionals.
  • A Professional Agent will follow his employer's instructions and objectives.

Disadvantages

  • Will cost money.
  • You may feel that your Managing Agents are not providing you with the service you require.
  • There may be disputes about the 'reasonable' cost of buildings insurance and service charges.