Our Locations
Ipswich Office
Barking Office
Bracknell Office
Bristol Office
Bury St Edmunds Office
Cambridge Office
Canary Wharf Office
Chelmsford Office
Croydon Office
Leeds Office
Norwich Office
Nottingham Office
Sudbury Office
Block and Estate Management
Toggle navigation
Home
About Us
About Us
Why Appoint Us?
Our Mission
Work with Us
Media Enquiries
Services
Block Management
Estate Management
Freehold Landlords
Ground Rent Portfolio Management
Property Development
Resident Management Companies
Right to Manage
Our Team
Account Teams
Business Development
Business Intergration
Compliance
Contractors
IT Department
Senior Management Team
Onsite Staff
Property Team
Quotation
Customers
Case Studies
News
Recent Instructions
Testimonials
Contact Us
Portal
Your Property werwerLogin
All your account details in one place
Login
Our Locations
Ipswich Office
Barking Office
Bracknell Office
Bristol Office
Bury St Edmunds Office
Cambridge Office
Canary Wharf Office
Chelmsford Office
Croydon Office
Leeds Office
Norwich Office
Nottingham Office
Sudbury Office
Toggle navigation
Home
Online Portal
About Us
About Us
Why Appoint Us?
Our Mission
Work with Us
Media Enquiries
Services
Block Management
Estate Management
Freehold Landlords
Ground Rent Portfolio Management
Property Development
Resident Management Companies
Right to Manage
Our Team
Account Teams
Business Development
Business Intergration
Compliance
Contractors
IT Department
Senior Management Team
Onsite Staff
Property Team
Quotation
Customers
Case Studies
News
Recent Instructions
Testimonials
Contact Us
RMC Directors: how to work with fellow Directors when appointing a new managing agent
When a Residents’ Management Company decides to look for a new managing agent, it often falls on each company Director to go away and come up with some suggestions for alternative property management companies. Multiple directors often split up the task, taking to Google to research companies. Then each Director will contact property managers separately, producing their own shortlist. They then round robin each other with suggestions or reconvene a meeting to go over each shortlist.
In our experience, this approach can lead to problems further down the tender process and beyond:
Each Director works in isolation to the others, possibly researching the same companies as their co-Directors
Each Director spends time choosing preferred options then must sit down and convince the other Directors of his/her preferred recommendation
Directors get excited about 'their’ block manager, then their choice gets vetoed
'Your’ block manager gets appointed, it doesn’t go well and you feel responsible for the choice
This is how we often receive an enquiry from a Director on behalf of their
RMC
, then the enquiry goes quiet for a very long time. We can sense that some tension has entered the process.
We don’t think this has to be the case and, to help Directors avoid this situation, we have some advice on the steps to shopping for a new residential
property management
provider.
Meet early and decide on a preferred set of criteria (large or small firm, the extent of online-based services etc) before drawing up a list of firms
Construct a longlist of potential block management firms based on the above criteria through your online research.
Create a shared list of questions for each company on the long list. That way it doesn’t matter which Director approaches them – they all gather the same info.
When all the responses have been collated, go over them together (or separately) to agree on a shortlist.
Choose two or three companies to visit the property (if that’s required) or decide there and then in a final meeting
This gives the process a sense of collective responsibility and no finger pointing later down the road. By creating a set list of criteria before creating a long list – and not the other way around - all the Directors know not to shortlist a candidate that clearly doesn’t tick all the boxes.
Choosing a new property manager is such an important decision potentially affecting hundreds of other residents so please know that some give and take is going to have to happen to reach a decision agreeable to all!
RMC Directors; are we on your list? Complete our
online quotation form
to get started.
(
04 March 2020
)
To speak to one of our experts about how we can manage your property, please click the 'Get a Quote' button below, fill out the form and a member of our Business Development Team will contact you.
Contact Us
Get a Quote