Property Management and the maintenance costs associated

Property Management and the maintenance costs associated

"It takes a village to raise a child," as the saying goes - well, the world of property management is not that far off, as it takes an entire community of people to manage a property to high standards. As lettings agents in Hackney, we understand what tenants want when they move to this part of London and well maintained, attractive properties are high on the list. For landlords, the costs of maintenance can quickly escalate. So, how do we ensure that we get the best value alongside the highest quality service for the properties that we manage?

Property management maintenance costs - what's involved?

  • Long term care of the building. Ensuring that every aspect of maintenance is covered to help keep the building in great condition for longer. A proactive, preventative approach that stops small issues from escalating into larger problems that can cause conflict with tenants and may be costly to fix if left unattended.
  • Regular checks and inspections. Covering those checks and inspections that are legal requirements for landlords (e.g. annual gas safety inspection). Going above and beyond the minimum to check that the property meets a certain standard and is a safe and positive space for tenants.
  • Dealing with urgent situations that arise. For example, where a new landlord client has a property that has not been well maintained by a previous agent and there is a need for specific and urgent repairs. A good managing agent will be able to step up and provide a quick and efficient service to help preserve tenant relationships, avoid risks to health and safety and keep maintenance costs down.

How do managing agents minimise costs?

For many landlords, repairs and maintenance can be a crippling expense. It's tempting to avoid regular maintenance if there is a perception that this is an unnecessary cost but this is frequently a false economy. There are too many properties that fall into serious disrepair because regular maintenance has not been carried out. They tend to require significant resources to bring them back to a rentable standard.

We are letting agents in Hackney with an in-depth understanding of what our landlords need when it comes to minimising costs. Our team has established a strong network of local contractors and we are well connected when it comes to finding the right people for the right job at the right price. We also use all the tech resources that are available to help with issues like this, including Airtasker. Airtasker enables us to source professionals for a specific job to ensure both quality and cost effective pricing. As well as being cheaper than working with a big corporate, a site like this also offers the opportunity to support local independent traders and small businesses.

There can be multiple costs associated with property management but with the right letting agent you can ensure that these don't escalate. Storeys is a letting agent in Hackney with a wealth of experience in making sure our landlords get the best deals at the right price. Contact us to find out more.


Residential lettings
We pride ourselves on being genuine industry experts, providing a positive experience, from enquiry to after care. Storeys focuses exclusively on lettings, and we value properties, we don’t just list them. Knowledge and innovation mean we can be competitive on costs while also delivering an individually tailored service.
Property management
Storeys is a bespoke offering based on the fundamental principle of value for money – we want happy customers. Paperless tech and eSigning deliver efficiency and convenience, no high street office minimises costs. The result is a streamlined service nimble enough to tailor what we do to suit your needs.
Aesthetics, natural light, building quality, and overall finish – these aren’t ‘extras’ in a Storeys valuation, they’re as much a part of the process as size, condition and location. We look at individual property potential, not generic criteria. Factors like space for modern living arrangements, such as flexible working, are incorporated too. Our valuations are all the more accurate and successful for it. There is a perfect tenant for every property if you know how to find them.
Short-term lettings
Providing value for tenants and continuity for landlords, Storeys short-term lets run from 4 weeks to 6 months. We work with major London relocation teams and a global contacts network to match international tenants to perfect London properties.
Vacant property Management
We can manage your vacant property in-between tenancies or refurbishment, giving you peace of mind that the property is being looked after and inspected on a regular basis.
Superior Marketing
There is just no comparison between static photos and VR when it comes to property marketing. VR allows tenants to do a virtual walk around and get a realistic feel for the property - their expectations are grounded in reality, and properly managed. This makes VR a very effective tool, not just for generating interest and viewings but also converting those to offers. That’s why we partner with VRPM to create a virtual reality perspective for every property we handle.
Airbnb Management
We can manage your Airbnb account and make sure each booking runs smoothly, keys are always available for handover and the property is ready for the next occupation. This can run very well alongside our short-term corporate letting service.
Rent Protection
If your tenant defaults on the rent, Storeys have you covered. We also cover your legal expsenses and pay you rental income if your property is vacant whilst we remarket for new tenants. Don’t worry Storeys have your back.*ask a member of the team for more info. This service is included for every Storeys managed property.