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5 Property Management Tips for new Property Owners

If you’re new to the world of property management, then you’ll want to read this guide!

Property management is an important task for any property owner. It is important to keep your property in good condition and to make sure that it is safe for your tenants. 

Property management is an important but often daunting task, especially for those new to the industry. By keeping track of some key details and utilising helpful tools and services, however, it doesn’t have to be so difficult. 

So if you’re new to property management in Glasgow, take note of the following tips to help make the process a bit easier. 

Here are five tips for new property owners: So what are you waiting for? Read on!

Tip 1: Keep a Property Management Services Checklist

As a property manager, it is your responsibility to keep track of all the properties under your care. 

This can be a daunting task, especially if you’re managing multiple properties. To stay organised and in control, create a property management services checklist. 

This checklist should include all the tasks that need to be completed on a regular basis, such as checking for damage, collecting rent, and scheduling repairs. 

By keeping track of these tasks, you can ensure that they are completed in a timely manner and that your properties are well-maintained.

Tip 2: Stay on Top of Your Property Portfolio

If you’re managing multiple properties, then it’s important to stay on top of your property portfolio. A portfolio is a collection of all the properties that you manage. 

By keeping track of your portfolio, you can ensure that each property is receiving the attention it needs. 

Additionally, this will help you identify any problem areas so that you can take corrective action.

Tip 3: Use Property Management Software

There are many different property management software programs available on the market today.

These programs can help you keep track of your properties, tenants, and finances. 

Additionally, they can automate many of the tasks associated with property management, such as rent collection and scheduling for repairs and maintenance on your properties. 

If you’re not sure which program to choose, ask for recommendations from other property managers or look for online reviews.

Tip 4: Keep Good Records

It’s important to keep good records when you’re a property manager. This includes keeping track of your properties, tenants, finances, and repairs. 

By keeping accurate records, you can avoid problems down the road and make it easier to resolve any issues that do arise. 

Additionally, good records will come in handy if you ever need to take legal action against a tenant or property owner.

Tip 5: Hire a Property Management Services Company

If you’re finding it difficult to keep up with all the tasks associated with property management, then you may want to consider hiring a Property Management company such as Yates Hellier to assist you. 

A good property management company will be able to handle all of the day-to-day tasks associated with your property, freeing up your time to focus on other things. 

These services can take care of many of the day-to-day tasks involved in managing properties, such as checking for damage, collecting rent, and scheduling repairs. 

Additionally, they can provide valuable advice and assistance when it comes to dealing with tenants.

4 Steps When Hiring a Property Management Company

Find a reputable property management company

This is perhaps the most important step you can take. Make sure they are licensed and insured: This is important for two reasons: 

  • First, it will protect you in the event that something goes wrong. 
  • Second, it will ensure that the company is legitimate and professional.

Get references

Once you have found a few potential companies, be sure to get references from past clients. 

This will give you a good idea of what it is like to work with them.

Ask about their experience

You want to make sure that the company you are working with has experience in managing properties like yours. 

Ask about their specific experience and what they have done for other clients.

Be sure to sign a contract

This is important for both you and the company. A contract will outline the specific services that will be provided, as well as the terms of the agreement. 

This will protect you in case anything goes wrong.

By following these tips, you can be sure that your property is in good hands.

What’s next?

These are just a few tips to help you get started with property management in Glasgow. 

By following these tips, you can make the process a bit easier and ensure that your properties are well-maintained. 

So what are you waiting for? Get started today!

And don’t forget to contact us if you need any assistance with your property management in Glasgow. 

We’re always happy to help!

How can we help with your property?

Complete the form below and one of our team will get back to you as soon as possible.

What people say about our property management services

  • Absolutely first class service!!

    Absolutely first class service!! From the initial prompt and honest visit from Jack Hellier to the constant communication and guidance from William Hudson. Night and day from the experience I have had with previous Property Management companies.

    Would highly recommend and will 100% be using again for any requirements in the future. Thanks gents!

  • All problems dealt with thoroughly

    We moved into a flat in September letted out by Yates Hellier. During the application process our Lettings Negotiator William was very helpful and understanding, answering all queries in a timely manner. When we initially moved in there were some issues that needed action.

    Our Property Manager Olivia was very understanding and made sure that all problems were dealt with thoroughly and at speed. We are looking forward to living in this flat and we feel much more at ease knowing that Yates Hellier are our Letting Agency.

FAQs

  • Q. How do I buy a flat in Glasgow?

    The traditional method of purchasing a rental property in Glasgow is to register with local estate agents and manage the purchase of the property yourself. The alternative method is to contact a local agent who will be able to source properties on your behalf. This will free up your time if you aren’t based in Glasgow, and you will benefit from having a local expert on hand to ensure you make the right purchase.

    The traditional method (Hands on):

    • Register your details and criteria with local estate agents
    • Register your criteria on the property portals
    • Review Home Reports checking for building defects
    • Physically view the properties you’re interested in
    • Calculate your return on investment (ROI) from potential properties
    • Make a formal offer via your solicitor

    Instructing an agent to source a rental property (Hands-off Investor):

    Simply register your details and criteria with Yates Hellier and we’ll attend to the following on your behalf:
    • Locate properties based on your criteria
    • Review Home Reports and look out for building defects
    • Physically view properties on your behalf
    • Work out your return on investment from potential
    • Review suitability of potential properties put forward to you
    • Negotiate on your behalf
    • Make a formal offer
  • Q. How long will it take to find a tenant for my rental property?

    From instruction, we can have your property online within a matter of days. Once viewings are booked in, as long as your property is presented well and priced correctly, you should have a great choice of tenants to choose from.

    We would generally say to allow 3-4 weeks to place a tenant, dependant on if your property requires any compliance works or improvements.

What people say about our property management services

a stand out company

Your investment is only as good as your letting agent.

Glasgow rental property has proven to be a great investment over the years. However, all investments have risk and not all Glasgow letting agents are equal. My job at Yates Hellier is to ensure that my client’s investments produce consistent results.

Jack

delighted with the service

Your investment is only as good as your letting agent.

Glasgow rental property has proven to be a great investment over the years. However, all investments have risk and not all Glasgow letting agents are equal. My job at Yates Hellier is to ensure that my client’s investments produce consistent results.

Jack

FAQs

What is cladding?

Cladding is now defined as EXTERNAL WALL SYSTEM – the make up of the outside wall of your building. Examples of this can be: Render Wood ACM (Aluminum Composite Material) HPL (High Pressure Laminate) Brick Slips (Faux Brick look) Metal cladding (ACM, zinc, ) Terracota tile Balconies

Where are the top 10 places to live in Glasgow?

Glasgow is a vibrant city and offers many fantastic districts all with their own individual charm. We have listed some of the best places to live in Scotland’s largest city.  Broomhill Leafy Broomhill Drive is home to many fine crafted, eye-catching buildings, all grand in stature. With everything from tenements to semi-detached properties, there's a real variety to the housing here, and nearby Victoria Park also allows the opportunity to walk the dog, go for a jog, play tennis or even feed the ducks. Dowanhill Running parallel to Partick, Hillhead and Hyndland, Dowanhill is something of a sleepy oasis. Primarily residential, properties tend to be spacious, with a select few offering residents their own private garden. Close to all the everyday essentials, this is an ideal west end base consisting of several well-kept, peaceful streets. Finnieston Voted the hippest place to live in Britain by The Times, Finnieston is the definition of an area on the up. Traditionally an extension of the Clydeside yards, when taking a leisurely stroll you'll now find a catalogue of trendy bars, alluring restaurants and word of mouth businesses. Modern flats sit alongside more traditional builds, and given the proximity to both the River Clyde and SSE Hydro (in the top 5 busiest music venues in the world), this is the perfect place for budding socialites. Hyndland Incredibly, back in the early 19th century this sought after G12 postcode used to be little more than a patch of grass populated by several farmyard animals. While the landscape may have changed, thankfully it's still possible to pick up high quality local produce from a number of friendly cafes and delis. Undoubtedly one of the most desirable locations in the city, Hyndland boasts an impressive collection of sandstone tenements, coupled with a growing number of new developments, all providing easy access to schools, shops and many other amenities. Merchant City Frequently dubbed the Covent Garden of Glasgow, the Merchant City has become an increasingly popular area to hang your hat - thanks in no small part to the arts and alfresco dining. Also playing host to an annual festival, the streets are thronged every summer for a week of cool, colourful, all-encompassing fun. Considering the eye-catching builds available at reasonable prices, and being just a stone's throw from the proper hustle and bustle, it's little wonder this sleek region continues to see an upsurge in residents. North Kelvinside Continuing to grow in popularity, this sought after neighbourhood is a perfect retreat from the main rush of the west end, but still remains close enough to pop out at a moment's notice. Interestingly, many of the streets have been named after locations in England: Leicester Avenue, Northampton Drive and Beaconsfield Road, to give a flavour. With a wide range of tenements and semi-detached houses, we're confident you'll find what you're looking for here. Park Circus Seen by many as the jewel in Glasgow's crown, Park Circus is one of the finest examples of town planning in Britain and - dare we say it - Europe. Full of breath-taking mansion houses and beautifully crafted apartments, this really is the crème de la crème of real estate. Dozens of properties also overlook Kelvingrove Park , leaving residents ideally positioned to soak up any summer sun. Partick Still retaining an authentic neighbourhood feel after all these years, Partick is an extremely diverse, vibrant community. Whether you need a button sewn on your coat, a coffee to see you through the afternoon or even a last minute haircut, the time devoted for your to-do-list can suddenly be squashed once you decide to settle here. With a number of streets branching off Dumbarton Road -many surprisingly tranquil - it won't be long before you find you're another 'well kent face. Shawlands Shawlands has recently grown in popularity and become quite trendy, offering many stylish boutiques, popular eateries and ample green space in Queens Park. Woodlands Helping link the west end and city centre, Woodlands Road and its offshoots are home to a number of desirable tenements. Just minutes from the grounds of Glasgow University, this popular neighbourhood has a friendly feel, and an ethnically diverse fabric is reflected in a very wide range of shops and stores.

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Yates Hellier is one of Glasgow’s leading letting agents and estate agents. Our hands on service provides exceptional value to our clients. 

We provide a premium service to discerning landlords and sellers who appreciate a quality service with unrivalled attention to detail.

2 Woodside Place
Glasgow
G3 7QF

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