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Encouraging results show value of professional property management

Tuesday, 9 November 2010 2:43 PM

New research has shown that professional property management is having an impact on asset value and is a well valued aspect of the housing industry.

The Young Index Reports on the Value of Professional Property Management for quarter three 2010 found that 70 per cent of landlords believe that tenants pay higher rent for homes which are run in this way.

Furthermore, the professional management of a property also has a positive effect on the amount of time that the tenant stays, as well as how well they treat the home, according to the landlords surveyed.

"In a sector that is characterised by large numbers of 'amateur' landlords, it is encouraging to see that they appear to wholeheartedly value professional property management and indicate that they believe it results in higher rents, enhanced capital values, longer tenancies and encourages tenants to take better care of their rental property," said Neil Young, chief executive of Young Group.

However, the report comes as the October Royal Institution of Chartered Surveyors Housing Market Survey showed that demand for property is continuing to fall.
 

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