New homes

What is property management?

Posted May 10th 2023
Someone pointing at a clipboard with a house floorplan and pair of keys beneath

As the name would suggest, property management is when a third party such as an estate agency manages your rental property on your behalf. What this management involves can depend on both the needs of the landlord and what the agency has to offer.

Here at Davis Tate, we know every landlord has a different reason for letting a property and different needs from a letting agent. That’s why we provide a range of flexible landlord services to meet your needs.

Our three service options are Tenant Find, Rent Collection and Fully Managed. While they have overlapping services, the three have different fee levels and varying amounts of involvement from the property management team.

Tenant Find

At the Tenant Find service level, the Property Management team is partly involved in the pre-tenancy process related to marketing and contracts, but takes a step back during the actual tenancy.

Services offered as part of this level include:

  • Email and text details of your property to prospective tenants, corporate contacts and relocation agents
  • Negotiate terms on your behalf
  • Qualify potential tenants
  • Produce offer letters for both Landlord and Tenant to confirm the let

Rent Collection

With Rent Collection the Property Management team is fully involved when finding a tenant and partially involved during the actual tenancy, but to a lesser extent than at the Fully Managed level.

As well as all of the services offered as part of Tenant Find, the Rent Collection level involves:

  • Arranging pre-tenancy property conformity regulations are met
  • Collecting all monthly payments in advance by standing order
  • Arranging annual gas safety check
  • Seeking agreement from Landlord and Tenant for renewal beyond initial tenancy term

Fully Managed

At the Fully Managed level and for a slightly higher fee the Property Management team is more involved in the letting process, especially during and at the end of a tenancy.

All of the services offered as part of Tenant Find and Rent Collect are included in Fully Managed, with the addition of things such as:

  • Compile a Property Welcome Pack for all tenants
  • Conduct a pre-tenancy inspection
  • Visit the property on a periodic basis to after the tenant has moved in
  • Prepare a post-tenancy inspection report on the condition of the property and carry out any necessary actions arising from the inspection

For more information about our landlord services, please visit our service options page or contact our Property Management team.