Is a Property Management Service Worth it for Notting Hill Landlords
Located in West London, Notting Hill is famous for the 1999 romantic comedy of the same name, along with its colourful terraced houses, diverse culture, and lively, sociable atmosphere. It’s home to the famous Portobello Road Market – one of the largest antiques markets in the world – and of course, the annual Notting Hill Carnival. People gather every year to celebrate Caribbean culture and heritage with music, vibrant costumes, and good food.
Notting Hill is an attractive investment area due to its popularity with renters and proximity to notable places in London such as Hyde Park and Kensington Palace.
The population of Notting Hill is 30,519 with most people who live here aged in their mid- to late-thirties. Almost half the population are educated to degree level, while just over 5% are students. Just under 6% are unemployed. Crime rates are also low, making it a desirable area to live.
Landlords can expect a generous rental income from a Notting Hill property. The average studio flat here fetches £1,102 per calendar month, while a two-bedroom flat can rent out for a monthly fee of £2.588.
What Draws Renters to Notting Hill?
If you’re considering investing in London property, Notting Hill property is an excellent choice. It’s a well-known, central London neighbourhood, therefore it is very popular with renters who want to live and work in the city. There’s easy access to transportation, and plenty of things to do in your free time as it’s within walking distance to lots of tourist attractions.
The culture’s great, too – Notting Hill is known for its diverse, vibrant community. Those living here never tire of exploring different international restaurants, street markets, and small businesses. The overall character is unique, charming, and a little bit quirky with street art and pastel-coloured townhouses setting it apart from the rest of London.
Many people rent here for the lifestyle, too. It’s upscale and trendy. Plus, unlike many other areas in London, its short distance to green spaces including the famous Hyde Park makes it a big hit.
How a Notting Hill Property Management Company Can Help
Are you considering investing in Notting Hill property for one or more of the reasons listed above? While it’s a popular area with tenants looking for somewhere trendy to live, getting started – and making a success of it – can be a daunting task for landlords, especially first-time investors.
A Notting Hill property management company can help you make light work of renting out your place. Whether you’ve got a Notting Hill studio, flat, or a townhouse, Notting Hill property management and protection companies offer a range of services you can take advantage of to help you get the results you dreamed off when you first started.
Some of the main services offered by Notting Hill property management firms include:
Marketing and Advertising
Advertising your property as available to rent can be overwhelming, especially if you are up against lots of other similar rental properties in the area. Standing out in a crowded market is not always easy. A good Notting Hill property management company will know what it takes to get potential tenants to click on your ad. They’ll also have access to marketing and design professionals, including copywriters, videographers, and photographers who’ll be able to put together an ad that makes your Notting Hill property look irresistible. They’ll take care of viewings, too, so you don’t have to take time out of your busy day.
Screening Potential Tenants
There’s nothing worse for a landlord than to find that their ‘perfect’ tenant has sub-let the flat without permission and done a runner, ‘forgotten’ to pay the rent for the past three months, or caused serious damage that they didn’t bother to report. While tenants like this are not always obvious to spot, a good Notting Hill property management company will help you make sure you reduce your risk of one of them ending up with the keys. They can do this by conducting thorough background checks, employment checks, reference checks, and affordability checks. It’ll help you get more peace of mind that you are renting to a tenant you can trust.
Ongoing Property Maintenance, Rent Collection and More
A good property management Notting Hill company can help take the stress out of the day-to-day management of owning and renting out a property. They’ll take care of all the ongoing maintenance that the property needs and ensure that it’s all up to legal standards. This could include making sure legally required checks on the gas and electricity are done when due, all the way to cleaning and redecorating when a tenant moves out to get the property ready for the next one. They’ll also handle all rent collections, including taking rent payments from tenants on the agreed date and chasing up any that are missed or late on your behalf.
How Can a Notting Hill Property Management Service Benefit Me?
Whether you are a seasoned landlord or just starting out with an investment property, working with a good property management Notting Hill company can have several benefits that are worth paying a percentage of the rent towards. These include:
Less stress: When you know you’ve got expert professionals looking after your property, it takes all the stress out of being a landlord. Enjoy your rental income, and leave the worrying to the pros.
Save time: With a good Notting Hill property management company, you don’t have to be available to deal with tenant issues at the drop of a hat. No more midnight wakeups about burst pipes or broken heating – there’ll be a dedicated team to take care of that.
Earn more: A property that’s managed and maintained well not only gets more attention from potential tenants, but it may also command a higher rental price, and be empty for less time – meaning you earn more.
Are you struggling with your Notting Hill property? We’re here to help – we have years of experience helping landlords like you reduce their stress levels, save time, and earn more with property management. Contact us today to discuss your options and see how we can assist.