Think twice before selling your freehold Are you a freeholder who's ready to offload your property portfolio? Or do you just need some help bringing this long-term asset back on track? Managing one or two properties can be hard enough let alone a ground rent portfolio. Regulations and legislation will always bring tighter controls and perhaps a reduction in income. And the administration can be overwhelming. Block Management UK Ltd has years of experience managing a wide cross-section of freehold properties across the country. From large, purpose-built modern blocks to Grade II listed flat conversions. When it comes to turning around the fortunes of your freehold portfolio, there may be no easy answers. But we recommend that you should start with a focus on three key areas: Audit of needs If you or your current property manager have let your portfolio get out of hand, then the first step is a thorough audit of properties and processes. Sit down and identify the biggest sources of problems then work through them one by one. Arrears and leaseholder communication (both addressed below) are common sources of issues. But so are lapsed compliance, unaddressed works and unclear accounting. And when one area is lacking, we find that other areas follow suit, in a domino effect. Poor service charge accounting leads to arrears which leads to lack of funds which leads to poor maintenance of buildings etc. Arrears This is a common source of headaches for the freehold owner. It's a thorny subject but, in our experience, what's needed is clear communication and a transparent process that everyone can follow. We use a proven three-stage credit control process, carefully explained to all parties involved and an experienced team who make efforts well over and above what is required to come to an amicable solution to any debt recovery situation. However, in rare cases we also won’t hesitate to draw on the support of a specialist 'no win no fee' solicitors who specialise in this area of litigation. Leaseholder communication We communicate with leaseholders on behalf of many freeholders and find that direct meetings are the single quickest way of resolving misunderstandings and opposition. They take time and effort to set up but they can help resolve issues quickly for any freeholder struggling to turn around a property. We conduct meetings with leaseholders that range from simple, face-to-face meetings in leaseholder's homes, to powerpoint demonstrations given to large audiences explaining complex, technical messages. We've answered questions and allayed fears across a wide variety of situations. In-person meetings can clear the air. If you'd like to improve the running of your freehold portfolio, then call your local Block Management UK Ltd office. If you would like to sell your freehold, complete our online form and we'll offer you a great quote. (14 February 2019 )

Think twice before selling your freehold

Are you a freeholder who's ready to offload your property portfolio? Or do you just need some help bringing this long-term asset back on track?

Managing one or two properties can be hard enough let alone a ground rent portfolio. Regulations and legislation will always bring tighter controls and perhaps a reduction in income. And the administration can be overwhelming.

Block Management UK Ltd has years of experience managing a wide cross-section of freehold properties across the country. From large, purpose-built modern blocks to Grade II listed flat conversions. When it comes to turning around the fortunes of your freehold portfolio, there may be no easy answers. But we recommend that you should start with a focus on three key areas:

Audit of needs

If you or your current property manager have let your portfolio get out of hand, then the first step is a thorough audit of properties and processes.

Sit down and identify the biggest sources of problems then work through them one by one.

Arrears and leaseholder communication (both addressed below) are common sources of issues. But so are lapsed compliance, unaddressed works and unclear accounting. And when one area is lacking, we find that other areas follow suit, in a domino effect. Poor service charge accounting leads to arrears which leads to lack of funds which leads to poor maintenance of buildings etc.

Arrears

This is a common source of headaches for the freehold owner. It's a thorny subject but, in our experience, what's needed is clear communication and a transparent process that everyone can follow.

We use a proven three-stage credit control process, carefully explained to all parties involved and an experienced team who make efforts well over and above what is required to come to an amicable solution to any debt recovery situation.
However, in rare cases we also won’t hesitate to draw on the support of a specialist 'no win no fee' solicitors who specialise in this area of litigation.

Leaseholder communication

We communicate with leaseholders on behalf of many freeholders and find that direct meetings are the single quickest way of resolving misunderstandings and opposition.

They take time and effort to set up but they can help resolve issues quickly for any freeholder struggling to turn around a property.

We conduct meetings with leaseholders that range from simple, face-to-face meetings in leaseholder's homes, to powerpoint demonstrations given to large audiences explaining complex, technical messages. We've answered questions and allayed fears across a wide variety of situations. In-person meetings can clear the air.

If you'd like to improve the running of your freehold portfolio, then call your local Block Management UK Ltd office.

If you would like to sell your freehold, complete our online form and we'll offer you a great quote.

(14 February 2019 )

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